Which of the following are possible solutions to the long-term social security trust fund problem?

Question

Quizplus · Accepted Answer

The long-term social security trust fund problem can be solved by a combination of measures, including raising the payroll tax rate, raising the ceiling on taxable income subject to the payroll tax, cutting back benefit levels, and raising the retirement age. Each of these options can contribute to ensuring the financial sustainability of the program. Raising the payroll tax rate would increase the amount of money collected by Social Security, while raising the ceiling on taxable income would ensure that higher earners contribute more to the program. Cutting back benefit levels would help reduce the amount of money the program pays out, while raising the retirement age would encourage people to work longer and contribute more to the program before collecting benefits.

Which of the Following Are Possible Solutions to the Long-Term