Which of the following factors has negatively impacted the viability of the pay-as-you-go Social Security system?
A)Each generation is living longer and thus collecting more benefits.
B)The "baby boom" after WWII greatly increases the number of retirees in the first few decades of this century.
C)Individuals are having fewer children today.
D)all of the above
E)a and b

Question

Quizplus · Accepted Answer

Each of these factors has contributed to the financial instability of the pay-as-you-go Social Security system. With each generation living longer, there are more retirees collecting benefits for a longer time, putting a strain on the system. The large number of baby boomers retiring in the first few decades of this century also places additional pressure on the system. Finally, with fewer individuals having children, there are fewer workers paying into the system to support the growing number of retirees.

Which of the Following Factors Has Negatively Impacted the Viability