The purpose of social insurance is to _____
A)encourage charitable donations.
B)provide money to the poor.
C)provide full-time jobs to the poor.
D)redistribute income from the old to the young.
E)supplement the incomes of those who have worked but are now retired.

Question

Quizplus · Accepted Answer

Social insurance is designed to provide benefits to individuals who have contributed to the system, typically through taxes, and who are in need of financial assistance due to age, disability, or other circumstances. It is not intended to encourage charitable donations, provide money to the poor in general, or create full-time jobs for the poor. While social insurance may result in some redistribution of income, this is not its primary purpose. Instead, the goal is to supplement the incomes of those who have worked but are now retired or facing other challenges.

The Purpose of Social Insurance Is to _____