Baby Boomer Quiz

April 2024
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Question 1

Who are the baby boomers?

people born between 1946 and 1964
people whose incomes are below the poverty line
people who earn more than $100,000 per year
people born in the United States of foreign parents.

Question 2

Which of the following is NOT true of the baby boom generation?

They are politically powerful.
They are becoming a smaller percentage of the population.
They are more financially successful than previous generations.
As they get older and retire, they will require more support from government programs.

Question 3

Of the following, which is NOT a criticism of means testing?

Means testing could be seen as welfare, eroding support for the program.
Means testing is actually a tax increase.
Means testing unfairly discriminates against low-income Americans.
Means testing is unfair to some people who contributed funds all their lives.

Question 4

According to the writer of the article in The Economist, what may be the best option for limiting the debt that baby boomers leave to later generations?

austerity
inflation
faster economic growth
currency devaluation

Question 5

Find the population pyramid from the U.S. Census for 2020. In that year, about how many Americans—male and female—will there be who are at least 80 years old? What happens to that measure by 2050?

12,000,000; gets slightly smaller
9,500,000; gets much smaller
13,750,000; gets much larger
35,000,000; stays about the same

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