Social Security
A)has not been successful in reducing poverty among elderly Americans.
B)is a system whereby current retirees are paid from taxes collected from current workers.
C)has a greater number of workers per retiree today as compared to when it started.
D)currently pays retirees benefits equal to what they paid into the system.

Question

Quizplus · Accepted Answer

Social Security is a system whereby taxes collected from current workers are used to pay benefits to current retirees.

Answer: C
 The number of workers per retiree has decreased over time, which adds strain to the system as there are fewer workers to support each retiree.

Option A is not necessarily true, as Social Security has been successful in reducing poverty among elderly Americans, but may not be sufficient for all retirees. Option D is also not true, as Social Security benefits are based on lifetime earnings and not strictly on what an individual contributed to the system.