Social Policy Answers

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Based upon the data in this chart, which issue is most likely to be faced by policy makers?dealing with a smaller number of retirees in the UShandling rising benefit costs for senior citizens receiving Social Securitypaying for an unchanging number of retirees receiving benefitscovering benefit costs for a shrinking number of senior citizens

A
dealing with a smaller number of retirees in the US
B
handling rising benefit costs for senior citizens receiving Social Security
C
paying for an unchanging number of retirees receiving benefits
D
covering benefit costs for a shrinking number of senior citizens
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Background information: This graph shows the ratio of workers to benefit recipients. It was created by the Social Security Administration, and it predicts future numbers.

Answers:
This graph shows that over time, the number of workers per beneficiary is .:shrinking
By 2060, the number of workers per beneficiary is projected to be .:2.0
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According to President Johnson, what was the purpose of Medicare?to help Americans of all ages get health insuranceto help all Americans stay healthier when they are youngto help people save up for retirement medical expensesto help senior citizens with low incomes to pay for medical care

A
to help Americans of all ages get health insurance
B
to help all Americans stay healthier when they are young
C
to help people save up for retirement medical expenses
D
to help senior citizens with low incomes to pay for medical care
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If the prediction in this graph comes true, what challenge will it pose to Social Security programs?Less spending will be needed, and less funding will be received.Less spending will be needed, and more funding will be received.The amount of funding and spending will remain constant.More spending will be needed, but less funding will be received.

A
Less spending will be needed, and less funding will be received.
B
Less spending will be needed, and more funding will be received.
C
The amount of funding and spending will remain constant.
D
More spending will be needed, but less funding will be received.

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Social Policy Answers — HSA 26-27 Economics