Question

In today’s labor force, workers are waiting longer to retire.
a. True
b. False

Answer 1

Answer: a. True

In today's labor force, people are waiting longer to retire. This is due to several reasons. Pension plans are less generous than they were in the past, so people often do not have enough money to retire. Moreover, people are living longer, which means that they might need more savings than they did in the past. Finally, because people are living longer, they often have higher medical bills which require larger amounts of money.

Answer 2

In today's labor force, workers indeed are waiting longer to retire - a.

The reason for this is the fact that people are living longer and the population is aging. With it, this brings together the fact that people simply are not able to work up to the same age as they used to.