Which of the following explains why older Americans are less likely to be poor now compared to the 1960s?
A) People started working until age 60, which boosted their incomes.
B) The Social Security program has distributed money to retired persons.
C) People are retiring earlier to cash in on employment benefits they have paid into their entire careers.
D) Older people are no longer responsible for taking care of extended family in their old age.

Question

Quizplus · Accepted Answer

The Social Security program, established to provide financial assistance to retired persons, has significantly contributed to reducing poverty among older Americans by ensuring a steady income after retirement. This contrasts with the situation in the 1960s, before the program's impacts were fully realized.

Which of the Following Explains Why Older Americans Are Less