Social insurance has become an increasingly large portion of federal taxes because of the "Baby Boomer" generation.
A) True
B) False
C) Uncertain

Question

Quizplus · Accepted Answer

The Baby Boomer generation refers to the group of people born between 1946 and 1964. As this generation ages and enters retirement, they become eligible for social insurance programs such as Social Security and Medicare, which increases the demand for these programs and drives up the cost. Therefore, social insurance has become an increasingly large portion of federal taxes due to the Baby Boomer generation.

Social Insurance Has Become an Increasingly Large Portion of Federal