Question

how do older parents differ financially from younger parents?
○ they are likely to have more debt.
○ they have better investment instincts.
○ they have taken more economics classes.
○ they are likely to earn more at their jobs.

Explanation:

To determine the correct answer, we analyze each option:

• "They are likely to have more debt": Older parents may not necessarily have more debt; younger parents might have more due to mortgages, student loans, etc. So this is incorrect.
• "They have better investment instincts": Investment instincts aren't directly related to age; it's more about knowledge and experience, not just age. So this is incorrect.
• "They have taken more economics classes": There's no correlation between being an older parent and taking more economics classes. So this is incorrect.
• "They are likely to earn more at their jobs": Older parents, on average, have more work experience, seniority, and career progression, which often leads to higher earnings at their jobs compared to younger parents who are earlier in their careers. This makes sense.

Answer:

D. They are likely to earn more at their jobs.