Existing research suggests that each dollar of Social Security wealth crowds out approximately__________ of private savings.

Question

Quizplus · Accepted Answer

Existing research suggests that each dollar of Social Security wealth crowds out approximately $0.35 of private savings. This means that individuals tend to save less on their own when they have the safety net of Social Security, as they rely on that income for their retirement instead of saving more independently.

Existing Research Suggests That Each Dollar of Social Security Wealth