Which of the following reasons can be attributed to the long-term financing gap faced by the Social Security and Medicare programs?
A)Increasing birth rates and health care costs
B)Pay-as-you-go system and declining birth rates
C)Traditional system and increased longevity
D)Increased birth rates and declining longevity
E)Increased morbidity and birth rates

Question

Quizplus · Accepted Answer

The pay-as-you-go system relies on current workers to fund retirees, and with declining birth rates, there are fewer workers to support an increasing number of retirees.

Which of the Following Reasons Can Be Attributed to the Long-Term