Social Security is an example of a trust fund administered by the federal government.

Question

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Social Security is a trust fund that is administered by the federal government. It is designed to provide financial support to individuals who are retired or disabled, and to the surviving spouses and children of deceased workers. The funds are collected through payroll taxes and are held in trust to ensure that they are available to pay benefits to those who are eligible.

Social Security Is an Example of a Trust Fund Administered