Reducing benefits is an option to preserve Social Security. Which age group is likely to be adversely affected by reducing benefits?

Question

Quizplus · Accepted Answer

Lowering Social Security benefits would adversely affect low-income elderly individuals as they rely more heavily on this source of income. Middle- and higher-income elderly individuals are more likely to have additional retirement savings to supplement any reduction in Social Security benefits. "Corporate elderly" is not a recognized category and therefore does not apply.

Reducing Benefits Is an Option to Preserve Social Security