Until Congress Began to Periodically Raise Benefit Levels to Adjust

question 87

Multiple Choice

Until Congress began to periodically raise benefit levels to adjust for inflation, the first recipients of Social Security checks:

• A) lost value over time, because the payments were not adjusted for inflation.
• B) received a fixed amount that caused their real income to decline.
• C) grew poorer over time, because the payments were nominal amounts.
• D) All of these statements are true.

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