The Number of Workers Paying into Social Security Per Retired

question 42

True/False

The number of workers paying into Social Security per retired individual receiving benefits is decreasing.

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Definitions:

Principal

Principal refers to a main party to a transaction, contract, or financial instrument, as opposed to an agent who acts on someone else's behalf.

Agent

A person or entity authorized to act on behalf of another (known as the principal) in legal or business matters.

Authority

The legal power or right given to an individual or entity to carry out certain actions or to make decisions.

Detrimental

Causing harm or damage, often used to describe actions or conditions that negatively affect someone or something.