Asked by Bernardo Waincier on May 31, 2024
Verified
Benefits paid out by Social Security to the elderly are _____.
A) regressive
B) meager
C) progressive
D) confiscatory
Social Security
A government program that provides financial assistance to people with inadequate or no income, especially the elderly and disabled.
Progressive
Referring to the support for or advocacy of improvements or reform in societal practices, often with a focus on social justice, equality, and modernization.
- Identify the differences between means-tested benefits, entitlements, tax expenditures, and their consequences on fiscal policy planning.
Verified Answer
DW
Dijion WallsJun 01, 2024
Final Answer :
C
Explanation :
Social Security benefits are designed to be progressive, meaning they aim to replace a higher proportion of a lower-income worker's pre-retirement income than that of higher-income workers. This design helps to provide a safety net for those who are most in need.
Learning Objectives
- Identify the differences between means-tested benefits, entitlements, tax expenditures, and their consequences on fiscal policy planning.