Box 11.1, Fixing Social INsecurity, Reveals

Box 11.1, Fixing Social INsecurity, reveals:

A) in most European countries, Social Security is used to provide family allowances, which lift people out of poverty
B) Social Security does not provide enough income to make people feel truly secure financially
C) after taxes, child care, and work expenses, an average worker who earns $30,000 a year really only makes about $10,000, about the same amount as the annual Social Security income for retirees
D) because of the high fertility rate in the U.S., the Social Security program may not be able to continue for very much longer
E) the age at which Americans can collect Social Security benefits is dropping as people retire earlier than in the past