By Itself,Social Security Is Sufficient to Allow a Worker and Spouse

question 44

True/False

By itself,Social Security is sufficient to allow a worker and spouse to maintain their preretirement standard of living.

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Definitions:

Not in the Labor Force

Individuals who are neither employed nor actively looking for work, excluding them from the labor force statistics.

Labor-force Participation Rate

The proportion of the working-age population that is either employed or actively looking for work.

Labor Force

The total number of people aged 16 and over who are either employed or actively seeking employment.

Employed Category

A classification used in labor statistics to describe individuals who are currently employed and working.