Why Might the Social Security Fund Be Broke by the Time

question 13

Multiple Choice

Why might the Social Security fund be broke by the time all Baby Boomers are eligible for benefits in 2035?

• A) The Boomer generation was so large that the ratio of workers contributing to Social Security will be less than the beneficiaries.
• B) The younger generations of workers are not subject to the level of payroll taxes that the older generations were.
• C) The Social Security fund is often abused by those who technically qualify for benefits but draw upon the fund too soon.
• D) The current generation of workers is making significantly less than the older generations, which means less taxable income.

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Definitions:

Defense Mechanisms

Unconscious methods used to shield oneself from anxiety triggered by thoughts or feelings deemed unacceptable.

Actual Self

An individual's perception of themselves, including their attributes and who they currently are.

Ideal Self

A person's conception of how they would like to be, embodying their aspirations and values.

Self-actualized Individuals

People who have achieved their fullest potential, realizing their capabilities, and expressing their true selves.