Solved

The Social Security Trust Fund, the Special Government Account from Which

Question 55

Multiple Choice

The Social Security Trust Fund, the special government account from which Social Security payments are made, is projected to experience a shortfall in the future because


A) there will be fewer young workers paying into the system relative to the number of retirees receiving Social Security benefits.
B) the size of the benefits given to retirees is legally required to double every 15 years.
C) Congress passed a tax reform law in 2017 that eliminated the revenue used to fund retirement benefits.
D) the federal government is replacing Social Security with a new retirement system based on private 401k accounts.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents