Social Security and Medicare _____
A)have not succeeded in reducing the incidence of poverty among the elderly.
B)have succeeded in reducing the incidence of poverty among those below 18 years of age.
C)have succeeded in reducing the incidence of poverty among the elderly.
D)have not succeeded in reducing the incidence of poverty among those between 18 and 64 years of age.
E)have succeeded in redistributing income from the old to the young.

Question

Quizplus · Accepted Answer

Social Security and Medicare have greatly reduced the incidence of poverty among the elderly. According to a report by the Center on Budget and Policy Priorities, poverty rates among seniors fell from around 35 percent in the mid-20th century to around 9 percent in 2018 due to social security and Medicare benefits.