GERI EXAM 1 2024 WITH 100% CORRECT ANSWERS

GERI EXAM 1 2024 WITH 100% CORRECT ANSWERS What was the first significant step in improving the lives of older adults during the 20th century? A. The publication of the first geriatric textbook in 1914 B. The passing of the Federal Old Age Insurance Law under the Social Security Act C. The passing of the Federal Law known as the Older Americans Act D. The publication of the first geriatric medical journal in 1946 - correct answer B Rationale: The first significant step in improving the lives of older adults was the passage of the Federal Old Age Insurance Law under the Social Security Act in 1935. "Asset rich and cash poor" relates to which of the following statements regarding older adults? A. Net worth of older adults is half the national average of middle-age adults. B. Homes are paid for, but there is not enough money available for monthly expenses. C. The majority of older adults live below the poverty level. D. Financial problems in the older adult population are due to level of debt. - correct answer B Homes are paid for, but there is not enough money available for monthly expenses. Rationale: Median net worth of older households is nearly twice the national average because of the high prevalence of home ownership, but many older adults are "asset rich and cash poor"−they live in a house that has appreciated in value over the years, but they barely have sufficient monthly income to meet basic expenses.