Question

In: Economics

determine which group would have higher Social Security Wealth (SSW), all other things equal. Explain your...

determine which group would have higher Social Security Wealth (SSW), all other things equal. Explain your answers.

(a) male or female

(b) born in 1925 or born in 1985

(c) single or married

(d) low-wage earner or high-wage earner

(e) single-earner couple or double-earner couple

Solutions

Expert Solution

Answer:
(a) Male
Reason:
Among male and female, male are mostly present at high paying jobs as compared to male. Many female group are house wife as well, so Male group will have higher Social Security Wealth.

(b) person born in 1985
Reason:
In 1929 there was great depression and market didn't go up for 10-15 years. Also with the epasses of time inflation also comes into picture, combined togeteher all these a person born on 1985 will have more Social Security Wealth.

(c) Single
Reason:
Single will have more Social Security Wealth as compare to Married, because number of commitments and liabitities are more to married than single so married would be saving less compare to singles.

(d) high wage earner
Reason:
High wage earner will have higher Social Security Wealth because they are earning more so they will have more scope of investing as well as saving it for the future.

(e) double earner couple
Reason:
As double earner couple both husband and wife are earning, their net sum would be more than single earner couple, so they will be able to save more and hence higher Social Security Wealth.

(plz give me a thums up...if my answer helped you and if any suggestion plz comment, Yr thums up boost me)

Rahul Sunny answered 8 months ago
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