Which of the following is a possible solution to the problem of long-term solvency in the Social Security program?

Question

Quizplus · Accepted Answer

One possible solution to the problem of long-term solvency in the Social Security program is to increase the Social Security taxes withheld from employees. This can be done by raising the Social Security payroll tax rate, raising the cap on taxable earnings, or both. Increasing the taxes withheld can increase the revenue that goes into the Social Security trust fund and help ensure its long-term solvency. Decreasing the state's financial contribution and decreasing the minimum retirement age may not necessarily help in solving the problem of long-term solvency, and ensuring that there are fewer workers per retiree may not be a feasible solution since it is not within the control of the Social Security program.

Which of the Following Is a Possible Solution to the Problem