For the average person receiving Social Security benefits,benefits are roughly _________ of preretirement earnings and are ________ for low-income earners relative to high-income earners.

Question

Quizplus · Accepted Answer

Social Security benefits are designed to replace about 40% of an average worker's preretirement earnings, and the system is progressive, meaning benefits replace a higher proportion of earnings for low-income workers compared to high-income workers.

For the Average Person Receiving Social Security Benefits,benefits Are Roughly