Final answer:
The claim that financial resources are not considered in retirement due to government programs is false. Government support like Social Security is typically not enough to sustain a high standard of living, prompting workers to save for retirement.
Step-by-step explanation:
The statement that financial resources are not considered in retirement because government programs fully support a high standard of living for the elderly is false. While government programs like Social Security do provide some support, they are often insufficient to maintain a high standard of living on their own. Most workers save for retirement because their income in the present is greater than their needs, anticipating that the opposite will be true upon retirement. However, there is some evidence suggesting that Social Security might reduce the amount that workers save, potentially affecting the supply of financial capital in markets.