Why Is the Retirement of the Baby-Boom Generation Considered a Problem

question 77

Multiple Choice

Why is the retirement of the baby-boom generation considered a problem for the future of Social Security?

• A) More retirees mean more people on Medicare, which shares a funding pool with Social Security.
• B) Retirees tend to cluster in certain states, which means that the states they are moving from will lose the benefits of their Social Security payments.
• C) Social Security functions best when there are fewer workers and more retirees, thus increasing support for the program.
• D) Retiring baby boomers will reduce the number of workers per retiree and strain the financial resources of the program.

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Definitions:

Self-identity

An individual's awareness of their own personal characteristics and the way these characteristics distinguish themselves from others.

Social Environmental Factors

These are aspects of the social surroundings that impact individuals' behaviors, beliefs, and mental health, including family dynamics, community structures, and societal norms.

Shaping Personality

The process by which an individual’s personality is influenced and molded by experiences, environment, and internal factors.

Birth Order

The chronological order of sibling births in a family, which is often believed to influence personality and behavior.