Author Question: Distrust in the solvency of social security has led the federal government to steer working ... (Read 188 times)

madam-professor · **on:** Jul 8, 2018

Distrust in the solvency of social security has led the federal government to steer working Americans toward alternatives such as supplemental retirement accounts. How has the federal government encouraged such investment?

a. Laws have been passed that progressively require each generation to fund their private retirement investment.
b. The government has threatened civil action.
c. In order to encourage private retirement accounts, the federal government has increased the use of individual tax credits and incentives.
d. In order to receive social security, future retirees must have a privately funded account.
e. The government has ignored the issue.

Question 2

According to your text, what year will all baby boomers be eligible for Social Security, causing the system to face solvency issues?

a. Social Security will never be insolvent
b. 2050
c. 2015
d. 2025
e. 2035