The current surplus of the Social Security system is expected to become a deficit sometime around 2018 because the
A) payroll tax rate is scheduled to decline at that time.
B) number of workers relative to the number of Social Security recipients will decline as the baby boom generation moves into the retirement phase of life.
C) stock market is not expected to perform nearly as well during the next two decades as was the case during the 1980s and 1990s.
D) growth rate of the U.S. economy is expected to slow during the next two decades.

Question

Quizplus · Accepted Answer

The number of workers paying into the Social Security system will decrease as the baby boom generation retires, while the number of retired individuals drawing from the system will increase, causing a deficit in the system. The other options do not directly relate to the surplus or deficit of the Social Security system.

The Current Surplus of the Social Security System Is Expected