Social Security began as a "pay-as-you-go" system,meaning that payments to current retirees were paid
A)from taxes collected from current workers.
B)from taxes collected from retired workers.
C)as long as the government had funds available.
D)as the government collected revenues from tariffs and excise taxes in the years Social Security payments were made.

Question

Quizplus · Accepted Answer

Social Security payments to current retirees are funded through taxes collected from current workers. This is known as the "pay-as-you-go" system. The taxes collected from workers go towards funding benefits for current retirees.

Social Security Began as a "Pay-As-You-Go" System,meaning That Payments to Current