What Is Social Insurance

What is social insurance?

A) It is the cash-assistance, goods, and services provided by the government to better the lives of those at the bottom of the income distribution.
B) It is government-provided financial funding to households to compensate for bad outcomes such as unemployment, illness, disability, or outliving their savings.
C) It is the government assignment of jobs to individuals based on household need and employee education and skills.
D) It is a system where those with more income tend to pay a higher share of their income in taxes than those with lower incomes.