Multiple Choice 1 point Which of the following statements is TRUE? The majority of Americans have sufficient amounts of money saved for retirement. The majority of Americans have an adequate emergency fund, but do NOT have sufficient amounts of money saved for retirement The majority of Americans do NOT have an adequate emergency fund or sufficient amounts of money saved for retirement. The majority of Americans have an adequate emergency fund.

Question

Multiple Choice 1 point Which of the following statements is TRUE? The majority of Americans have sufficient amounts of money saved for retirement. The majority of Americans have an adequate emergency fund, but do NOT have sufficient amounts of money saved for retirement The majority of Americans do NOT have an adequate emergency fund or sufficient amounts of money saved for retirement. The majority of Americans have an adequate emergency fund.

Answer 1

The correct answer is: The majority of Americans do NOT have an adequate emergency fund or sufficient amounts of money saved for retirement.According to various studies and surveys, including those conducted by financial institutions and research organizations, it has been consistently found that a significant portion of Americans lack both an adequate emergency fund and sufficient retirement savings. This indicates that many Americans are not well-prepared for unexpected expenses or financial emergencies, nor do they have enough savings to support themselves during retirement.

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