The Previous Surplus of the Social Security System Is Expected

question 164

Multiple Choice

The previous surplus of the Social Security system is expected to become a deficit because the

• A) payroll tax rate is scheduled to decline at that time.
• B) number of workers relative to the number of Social Security recipients will decline as the baby boom generation moves into the retirement phase of life.
• C) stock market is not expected to perform nearly as well during the next two decades as was the case during the 1980s and 1990s.
• D) growth rate of the U.S. economy is expected to slow during the next two decades.

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