The money you contribute to FICA is yours, to be used to fund your retirement.

Name: The money you contribute to FICA is yours, to be used to fund your retirement.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

While the money you contribute to FICA does go towards Social Security and Medicare, it is not a personal retirement fund. Instead, the money is used to provide benefits to current retirees and disabled workers, as well as to help fund the programs for future generations.

The Money You Contribute to FICA Is Yours, to Be