The current Social Security benefit levels cannot be maintained without raising Social Security withholding taxes or extending the normal retirement age.

Question

Quizplus · Accepted Answer

The Social Security system faces long-term funding shortfalls due to demographic changes, including an aging population and a declining ratio of workers to beneficiaries, necessitating adjustments such as raising taxes or extending retirement age to maintain current benefit levels.

The Current Social Security Benefit Levels Cannot Be Maintained Without