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This assignment addresses course outcomes 1-3:
Outline the key sources of econom
This assignment addresses course outcomes 1-3:
Outline the key sources of economic security received by older adults including Social Security, pensions, personal savings, Medicare, and Medicaid.
Examine how economic security varies by race, ethnicity, gender, and social status as people age.
Evaluate how longevity and the “graying” of society impact the nation’s economy and explore potential solutions
Locate at least five recent articles (no more than five years old) in the UMGC library database on the economic impact of a major life transition in older adulthood. Some suggestions include retirement, changes in work status, widowhood, changes in housing, and caregiving.
Based on your research, address the following questions:
Describe the life transition and the circumstances under which the transition is likely to occur. Does the transition happen to everyone (i.e., it is inevitable), or does it happen only to some portion of the population?
What are the major economic issues surrounding this life transition?
What does the research say about the economic impact of this transition on older individuals and their social support systems (e.g., spouses, families, and friends)?
According to the literature, what questions still remain to be answered about the impact of this life transition?
Your paper should be a minimum of 5 pages in length, not including the title and reference pages. The paper should be double-spaced, with one-inch margins on all sides. Use APA format for all citations and references. For help with APA format, visit the UMGC library at the following link:
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