question archive Which of the following is not an option that could be used to save Social Security? A
Subject:EconomicsPrice:2.88 Bought3
Which of the following is not an option that could be used to save Social Security?
A. Increasing the return to Social Security funds
B. Decreasing the age required for full-time benefits
C. Allowing individuals to opt out of the Social Security system
D. Implementing means testing
B. Decreasing the age required for full-time benefits_
It is because the government works in the direction to provide assistance to the individuals who are either retired or unemployed due to disability and other reasons. This assistance is called social security. If the age for receiving full-time benefits is reduced, then it is difficult to save social security. The decline in the age will result in an increase in the number of individuals to avail the benefits. The supply of the funds will be relatively small if the number of benefit receivers? will increase. So, this can be concluded that decreasing the age requirements for social security will not help in saving social security.
_Explanations of other options_
Option (A) is incorrect.
It is because increasing the return on social security funds will induce more people to invest in these programs. So, this cannot be considered as an option of saving social security.
Option (C) is incorrect.
It is because allowing individuals to opt out of the social security scheme will prevent a pool of a large number of applicants to whom the government cannot serve.
Option (D) is incorrect.
It is because implementing means testing cannot be used to save the social security program.