Question

Which of the following is true of the baby boomers?

A) they find it difficult to remember information and to make complex decisions due to their age.
B) they value conformity and collectivism.
C) they prefer not being very active on social media.
D) they are heavy consumers of financial services as they look toward retirement.
E) they spend more time browsing the internet than any other age group.

Answer 1

The correct answer is D) Baby boomers are heavy consumers of financial services as they look toward retirement.

Step-by-step explanation:

The correct answer is D) Baby boomers are heavy consumers of financial services as they look toward retirement.

Baby boomers are the cohort born between 1946 and 1964 and are now reaching their 60s and 70s. As they age, their needs change, and many baby boomers are now looking toward retirement and considering their financial future. This has led to an increased demand for financial services such as retirement planning, investment advice, and insurance.

For example, baby boomers may be investing in retirement accounts, such as 401(k)s and IRAs, to prepare for their future financial needs. They may also be purchasing insurance policies, such as long-term care insurance, to protect against potential healthcare costs in retirement.