The Main Problem with the Social Security Program Is That

question 2

Multiple Choice

The main problem with the social security program is that ______.

• A) it will soon run out of money since, as a welfare program, it is politically unpopular
• B) it will soon run out of money to pay benefits because too few workers will be paying into the system
• C) it will soon run out of money; it's financed through taxes at a time when governments are reducing taxes
• D) it will soon run out of money because of the increase in employed workers trying to access benefits

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Definitions:

Repaid

The process of repaying funds that were once loaned by a creditor.

Borrowed

The act of receiving funds from another party with the promise to return the principal amount along with interest or other charges.

Payment

The act of transferring money or goods in exchange for a product or service, or to fulfill a legal obligation.

Bank

A financial institution licensed to receive deposits and make loans.