Final answer:
False. People between the ages of 65-74 are not currently the richest demographic group in the United States.
Step-by-step explanation:
False. People between the ages of 65-74 are not currently the richest demographic group in the United States. While it can vary over time and between studies, typically the wealthiest demographic group consists of older adults aged 75 and above.
According to the information provided, the United States' older adult population can be divided into three life-stage subgroups: the young-old (approximately sixty-five to seventy-four years old), the middle-old (ages seventy-five to eighty-four years old), and the old-old (over age eighty-five). The young-old age group is generally happier, healthier, and financially better off than the young-old of previous generations. Therefore, the richest demographic group would be those aged 75 and above, not 65-74.