Asked by Lauren Wyatt on May 15, 2024
Verified
Identify a reason for older adults to need to consider residing somewhere other than their homes.
A) Plentiful financial resources
B) Increases in property taxes
C) Grown-up children residing nearby
D) Strong ties with the community
Property Taxes
Taxes levied on property owners by local governments, based on the assessed value of their property.
Financial Resources
Funds available to a person or organization for spending in the form of cash, liquid securities, and credit lines.
- Understand the challenges of living arrangements and their impact on older adults.
Verified Answer
AA
Amirah AqielahMay 17, 2024
Final Answer :
B
Explanation :
Increases in property taxes can make it financially challenging for older adults to continue living in their own homes, especially if they are on a fixed income. This financial strain might necessitate considering alternative living arrangements.
Learning Objectives
- Understand the challenges of living arrangements and their impact on older adults.