The correct answer is: B. These pensions are sufficient to maintain a modest life style.
Pensions are a form of social security that is provided to retired people in many developed countries. The purpose of pensions is to provide income support to retirees so that they can maintain a decent standard of living. However, the amount of pension that a person receives is often not enough to cover all of their expenses. This is especially true for people who have low incomes or who have not worked for many years. As a result, many retirees have to rely on other sources of income, such as savings, investments, or government assistance, in order to make ends meet.
There are a number of reasons why pensions may not be sufficient to maintain a modest life style. One reason is that the cost of living has been increasing in recent years. This means that the amount of money that is needed to cover basic expenses, such as food, housing, and transportation, has also been increasing. Another reason is that pensions are often based on a person’s salary during their working years. This means that people who have low incomes or who have not worked for many years will receive lower pensions. Finally, pensions are often not indexed to inflation. This means that the value of pensions does not keep up with the rising cost of living. As a result, the purchasing power of pensions has been declining in recent years.
In conclusion, the statement “These pensions are sufficient to maintain a modest life style” is incorrect. This is because pensions are often not enough to cover all of a person’s expenses, especially for people who have low incomes or who have not worked for many years.