One proposed solution to the funding problems faced by Social Security and Medicare is to increase the retirement age from 67 to 70.Although this would mean billions of dollars in savings for these federal programs,an unintended consequence may be
A) a decrease in life expectancy.
B) an increase in the unemployment rate.
C) an increased number of elderly people in the workforce.
D) less incentive for people to work longer.
E) an increased incentive for people to work longer.
Correct Answer:
Verified
Q26: Why do Social Security and Medicare pose
Q27: Excise taxes are levied on
A) property that
Q28: Reforming entitlement programs is difficult because
A) there
Q29: The total current tax rate for Social
Q30: Federal government spending has grown quickly since
Q32: Over the next 20 years,the number of
Q33: Which of the following is NOT a
Q34: Social Security and Medicare are funded by
Q35: Some proponents of entitlement-program reform suggest indexing
Q36: Social Security and Medicare spending continue to
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