HCAD FINAL question n answers graded A+ 2023/2024

HCAD FINALInfluences on social class - correct answers 1. Occupation 2. Income 3. Property 4. Education Multiple Jeopardy - correct answers An outcome produced when intersecting social categories produce more than one relative disadvantage Downward mobility - correct answers a decrease in social class Racial/Cultural differences - correct answers -Majority 65+ white, but minorities increasing -African American -Hispanic -Asian -Native American -Heterogeneity and many other ethnic groups Crossover phenomenon - correct answers the fact that life expectancy for Blacks is lower than for Whites up until the late 70s, when the pattern is reversed and Black life expectancy exceeds that of Whites Feminization of poverty - correct answers Lower retirement incomes - 55% of men's 48% of women live with their spouse after 65 Near poor - correct answers those who have incomes just above the poverty line 3 legged stool - correct answers 1. Social Security 2. Private Pensions 3. Individual Savings & Assets Life cycle model of savings - correct answers an economic theoretical approach that predicts people will save more in later middle age, as they see retirement ahead. Inflation impact Past Public Policies related to Senior Services - correct answers Social Security Act (1935) Medicare and Medicaid (1965) Employee Retirement Income Security Act (1974) Age Discrimination in Employment Act (1967) Grey Lobby - correct answers Groups that focus on the interests and concerns of older persons Aging Interest Groups The American Association of Retired Personas (AARP) - correct answers America's leading organization for people aged fifty and older, providing member benefits, marketing services, and lobbying on their behalf. Older Americans Act - correct answers Nutrition Programs Seniors Citizens Centers Caregiver Support Ombudsman Program - correct answers specially trained individual who works with the elderly and their families, health care providers, and other concerned individuals to improve quality of care and quality of life Aging Network - correct answers the system of social services for older adults funded by the Older Americans Act Poverty & Wealth among seniors - correct answers Large reduction over the past 30 years Biggest gains in income were in the 60's and 70's Supplemental Security Income (SSI) - correct answers Means- tested - Allows people under the poverty line to get help Cash benefit program - elderly poor, blind, and disabled. Cumulative disadvantage - correct answers Lower socioeconomic status over the life course tends to produce cumulative disadvantage, which is perpetuated in old age Social Security Act-What? When? - correct answers Passed in 1935 First benefits paid in 1940 A monthly check that replaces part of your income when you reduce your hours or stop working altogether. You must pay in (taxes) to get your pay out Who/how many rely on SS? - correct answers Most of the social security benefits go to retirees, but survivors and the disabled make up substantial shares. Retirement: 64%: 314 billion