Which one of the following is a wrong belief regarding the Social Security System in the United States?
A) The viability of Social Security programs has been a subject of heated debates between Democrats and Republicans across the country.
B) The Social Security taxes paid by today's workers and their employers are used to pay the benefits for today's retirees and other beneficiaries.
C) Social Security taxes paid by employees and their employers are held in interest-bearing accounts set aside by the federal government to meet their own future retirement income needs.
D) The Social Security System is a pay-as-you-go system.
Correct Answer:
Verified
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