Two reasons why the Social Security system nearly went bankrupt in the early 1980s are: (i) wages were indexed but benefits were not; (ii) the percentage of elderly people in the country declined.
A)i and ii
B)i but not ii
C)ii but not i
D)neither i nor ii

Question

Two reasons why the Social Security system nearly went bankrupt in the early 1980s are: (i) wages were indexed but benefits were not; (ii) the percentage of elderly people in the country declined.
A)i and ii 
B)i but not ii 
C)ii but not i 
D)neither i nor ii

Quizplus · Accepted Answer

The Social Security system faced financial challenges in the early 1980s primarily due to benefits being indexed to inflation, not wages, and an increasing percentage of elderly people, not a decline.

Two Reasons Why the Social Security System Nearly Went Bankrupt