Question

In: Accounting

1.USA is getting older. In retirement, do families have a higher or lower income than other...

1.USA is getting older. In retirement, do families have a higher or lower income than other parts of their life? So more retirees increases/decreases poverty?

2.Many lament the crumbling American family. Do single parent families experience more/less poverty? So more single parent families increases/decreases poverty?

3.Poverty is often counted by household. Typically are poor families smaller/bigger than wealthy ones?

4.If poverty were measured by person, would the poverty rate increase/decrease compared to measuring by households?

5.Poverty means low income, but are things provided to needy families in ways other than income- rather supplemented or not? Name some means for needy families other than income.

Solutions

Expert Solution

1.USA is getting older. In retirement, do families have a higher or lower income than other parts of their life? So more retirees increases/decreases poverty?

Yes, In retirement the level of income is less than other parts of life but poverty is not increased by the retirees because poverty means those people that are not able to fulfil their basic needs and does not includes those persons that have less income.

2.Many lament the crumbling American family. Do single parent families experience more/less poverty? So more single parent families increases/decreases poverty?

Single parent family is more inclined to poverty because the source of income in their families are limited.

3.Poverty is often counted by household. Typically are poor families smaller/bigger than wealthy ones?

Poor families are bigger than the wealthy one.

4.If poverty were measured by person, would the poverty rate increase/decrease compared to measuring by households?

Poverty rate will decrease if this is measured by the household.

5.Poverty means low income, but are things provided to needy families in ways other than income- rather supplemented or not? Name some means for needy families other than income.

For needy families

Free shelter homes are given

Free food is given

Free medication is done


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