Author Question: Social Security is referred to as a pay-as-you-go system, meaning that A) the U.S. government ... (Read 55 times)

genevieve1028 · **on:** Sep 3, 2018

Social Security is referred to as a pay-as-you-go system, meaning that

A) the U.S. government borrows the proceeds to pay recipients.
B) the system must be reappropriated by Congress each year.
C) today's workers support today's program beneficiaries.
D) all workers in effect pay for their own retirement by a mandatory process of savings.
E) any surpluses from the Social Security system go back into the government's general revenue.

Question 2

The age at which the full benefits of Social Security can be paid to an individual born in 1960 or later is

A) 50.
B) 35.
C) 67.
D) 77.
E) 85.