Which of the following is a possible solution to the long-term problem of solvency in the Social Security program?

Question

Quizplus · Accepted Answer

Increasing the minimum retirement age is a possible solution to the long-term problem of solvency in the Social Security program because it would allow more time for workers to contribute to the program before receiving benefits, thus increasing the overall funds available. Eliminating the prescription drug program for seniors and lowering the minimum retirement age would not provide enough savings to significantly impact the solvency issue, while increasing the states' financial contribution may not be feasible for some states and would not address the underlying funding problem.

Which of the Following Is a Possible Solution to the Long-Term