Which of the following has not contributed to the growth of pension plans?

Question

Quizplus · Accepted Answer

Privatization of Social Security has not contributed to the growth of pension plans. Instead, pension plans have grown due to factors like urbanization, earlier retirement ages, and increases in life expectancy, which have created a greater need for financial security in retirement. Privatization of Social Security would imply shifting from a government-funded system to one that is privately managed, which is not directly related to the growth of pension plans themselves.

Which of the Following Has Not Contributed to the Growth