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:

• Option 1: Older parents are generally more established and less likely to have more debt compared to younger parents who may be starting out (e.g., with student loans, new mortgages). So this is incorrect.
• Option 2: Investment instincts are not solely determined by age, and there's no strong evidence that older parents inherently have better investment instincts. This is not a reliable distinction.
• Option 3: Taking economics classes is not related to being an older parent; it's a personal choice and not a characteristic of older parents vs younger parents.
• Option 4: Older parents, on average, have more work experience, career advancement, and thus are more likely to earn more at their jobs compared to younger parents who are earlier in their careers. This is a valid financial difference.

Answer:

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