The behavior of the PIA/AIME ratio indicates that:
A) the Social Security benefit formula produces more generous benefits to lower- than to higher-income retirees.
B) the Social Security benefit formula produces more generous benefits to higher- than to lower-income retirees
C) the Social Security benefit formula produces equal benefits to lower and higher income retirees.
D) the Social Security trust has an imbalance.
Correct Answer:
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