The Social Security system,
A) continues to burden businesses due to the fact that businesses must provide and pay for this benefit for their employees.
B) met the needs of our nation when it was conceived, but needs an overhaul.
C) will continue to serve the needs of U.S. citizens into the distant future, due to the fact that there are so few retirees placing a strain on it.
D) is failing because the U.S. government failed to invest the money that employees contributed.

Question

Quizplus · Accepted Answer

The Social Security system was created to provide support to elderly retirees, but it needs an overhaul to ensure its long-term sustainability. Today, there are fewer workers contributing to Social Security compared to the number of beneficiaries receiving it, which puts a strain on the system. Additionally, changes in demographics and the economy have made it harder for the program to meet its original goals. A comprehensive reform is necessary to ensure that the system can continue to provide retirement benefits to future generations.

The Social Security System