The purpose of indexing Social Security payments to the consumer price index is to:
A)increase corporate profits.
B)justify continued government funding of the Bureau of Labor Statistics.
C)avoid the privatization of Social Security.
D)maintain the purchasing power of retirees.

Question

Quizplus · Accepted Answer

Indexing Social Security payments to the consumer price index helps to maintain the purchasing power of retirees by adjusting their benefits to keep up with inflation. This ensures that retirees are not financially disadvantaged by rising prices for goods and services.

The Purpose of Indexing Social Security Payments to the Consumer