Pass
How many years will most Americans spend in retirement? - ✔✔19 years
What is the No.1 Fear in Americans retiring? - ✔✔Running out of money before you die
Financial advisors say you need what percentage of preretirement income to retire comfortably? -
✔✔75%-90%
What percent of American households appear to be saving enough for retirement? - ✔✔44%
What four components is retirement planning consist of? - ✔✔1. Financial Planning
2. Health Planning
3. Estate Planning
4. Social Planning
dependancy ratio - ✔✔The number of nonworking members compared to working members for a given
population
What percentage of 65 year olds have annual incomes in excess of $50K? - ✔✔Only 8%
What year was the social security act passed? - ✔✔1935
Medicare - ✔✔It was passed as a federally administered universal health insurance program for over 65
year old and some disabled under 65.
At what age are you eligible to 80% of social security benefit? - ✔✔Age 62
At age 65, you are eligible to what percntag of social security benefits? - ✔✔100%
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, Eliglibe age for Social Securtiy will change to what for those retireing after 2025? - ✔✔age 67
In 2010, what is the average benefit amount? - ✔✔$1,175/month
In what year will social security benefits payments begin to exceed social security tax income? - ✔✔2017
Name the 7 phases of retirement. - ✔✔1. Remote
2. Near
3. Honeymoon
4. Disenchantment
5. reorientation
6. Stability
7. Termination
Name the types of elderly abuse in order of frequency. - ✔✔1. Financial abuse
2. Neglect
3. Psycholoical abuse
4. Physical abuse
dependency theory - ✔✔..., A model of economic and social development that explains global inequality
in terms of the historical exploitation of poor nations by rich ones
caregiver stress theory - ✔✔..., Caregiver stress theory suggests that stressors on the caregiver cause the
caregiver to lash out against the elder.
OWL - ✔✔Older Women' League
* a national organization concerned with issues affecting older women
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