Which of the following is a possible solution to the long-term problem of solvency in the Social Security program?

Question

Quizplus · Accepted Answer

Increasing the minimum retirement age would allow people to work longer and contribute more to the Social Security program while also delaying the age at which they begin receiving benefits. This could help ensure solvency in the long-term. Eliminating the prescription drug program, lowering the minimum retirement age, or lowering payroll tax contributions would not provide a significant solution to the solvency problem. Increasing states' financial contribution is not a feasible solution as Social Security is a federal program.

Which of the Following Is a Possible Solution to the Long-Term