Identify the demographic factor(s) that make financing the Social Security program problematic.
A) More people are living beyond age 65.
B) After reaching 65, people live much longer than in earlier generations; average life spans are now 14 years longer than when Social Security was created in 1935.
C) There is a higher proportion of the population who are not working compared to the proportion who are.
D) all of the above

Question

Quizplus · Accepted Answer

All of the factors listed (A, B, and C) contribute to the problem of financing the Social Security program. With more individuals living beyond age 65 and living longer on average, there are more people eligible for Social Security benefits for a longer period of time. Additionally, there is a decreasing ratio of workers to retirees, which puts a strain on funding the program.

Identify the Demographic Factor(s) That Make Financing the Social Security