Future Social Security recipients with similar life expectancies have fewer benefits relative to older people who have already been receiving them for a while because:
A) Social Security payments are now no longer paid out when the government has a budget deficit.
B) the retirement age when one becomes eligible for Social Security will likely increase.
C) Social Security payments have fallen as a percentage of the federal government's spending.
D) Social Security payments are not indexed to wages.

Question

Quizplus · Accepted Answer

As life expectancies increase and the population ages, the retirement age at which people become eligible for Social Security benefits is expected to increase as well. This means that future recipients will have to work longer and contribute more to the system in order to receive the same benefits as older people who retired earlier.

Future Social Security Recipients with Similar Life Expectancies Have Fewer