HCAD 222 Final Exam Study Guide correctly answered 2023/2024

HCAD 222 Final Exam Study Guideinfluences on social class - correct answers 1. occupation 2. income 3. property 4. education multiple jeopardy - correct answers if you are a member of several disadvantaged groups, you are put at a higher risk of being disadvantaged as an older adult downward mobility - correct answers -Social class as a working adult is different from when you are a retired adult. When working, you are most likely at your peak of income and position socioeconomically. -finances become tighter as you age -don't know how long you're going live, don't know how much to save and budget for racial/cultural differences - correct answers -elderly: 75% white --by 2050:65% feminization of poverty - correct answers -lower retirement incomes (55% of mens) -for below poverty line, 75% are females -caregiving -widowhood near poor - correct answers individuals or families whose earnings are between 100% and 125% of the poverty line income vs. wealth - correct answers Wealth is an accumulation of assets over time 3-legged stool - correct answers Social security, pensions, savings