Which of the following statements about Social Security payments is FALSE?
A) Current workers contribute to Social Security through FICA contributions.
B) Current workers' contributions are paid out to today's beneficiaries.
C) Most people collect less from Social Security than they pay in to the fund.
D) The money left over after today's payments are made is invested.
E) The pay-as-you-go system will eventually be unable to cover the full costs of OASI.
Correct Answer:
Verified
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