One argument offered by economists for having a Social Security system is that if there were no Social Security, workers might
A)work too long.
B)decide to use welfare as a retirement income pushing the costs off onto others.
C)save too much.
D)overestimate the value of retirement.

Question

Quizplus · Accepted Answer

Without Social Security, some workers may not be able to save enough for retirement and may end up relying on government welfare programs in their old age. This would shift the burden of their retirement income to taxpayers and create a financial strain on the government. Social Security aims to provide a safety net for individuals in their retirement years, reducing the burden on other government welfare programs.

One Argument Offered by Economists for Having a Social Security