One of the Concerns Related to the Future Funding of Social

question 5

Multiple Choice

One of the concerns related to the future funding of Social Security is that __________.

• A) people are living longer and the system may not be able to afford to pay out to all citizens because of increased longevity
• B) it is only paid by young citizens and they are getting increasing frustrated with taking care of the elderly population
• C) it is taxed after everyone pays their bills and people can opt out of paying the tax if the money is needed for other debts
• D) with people living longer, they will need to go back into the workforce to reimburse the government for past benefits

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Definitions:

Ulrich Beck

Ulrich Beck was a German sociologist best known for his work on risk society, individualization, and reflexive modernization.

Transnational Organizations

Entities that operate across multiple countries, transcending national boundaries to achieve their objectives.

Neoliberalism

An economic and political ideology that emphasizes free-market capitalism, deregulation, and a reduction in government spending on social services.

Global Economy

An interdependent economy worldwide where the economies of countries are linked through global trade and financial markets.