In terms of Social Security, since 1940,
A) men collect payments about 3 years longer and women about 5 years longer.
B) taxes on workers have gone up each year to cover the future costs of the program.
C) people increasingly rely on personal savings and not on Social Security as their main form of income.
D) the government has continuously increased the benefits paid from the program to all older adults.

Question

Quizplus · Accepted Answer

According to data from the Social Security Administration, women tend to live longer than men and therefore collect payments for a longer period of time. As of 2021, the average life expectancy for women in the US is around 81 years, while the average for men is around 76 years. This means that women typically collect Social Security payments for about 5 years longer than men.

In Terms of Social Security, Since 1940