Question

Social Security and Medicare are programs that are requiring an ever-increasing share of the federal budget. There are a number of demographic reasons why this statement is true.
Which of the following statements are true? Choose one or more:

A. Life expectancy has been steadily declining.

B. The number of workers paying into the programs has been steadily increasing while the number drawing benefits has been steadily declining.

C. Life expectancy has been steadily increasing

D. Arecord number of individuals are expected to retire over the next two decades.

E. The period of time individuals are drawing benefits from these programs has been steadily decreasing.

Answer 1

Answer:

Life expectancy has been steadily increasing.

A record number of individuals are expected to retire over the next two decades.

Explanation:

There is increasing need for social security and Medicare share of the Federal budget because of the growing population of people that need these services.

Beneficiaries are those that have low income and need support and medical care.

Two factors have been identified as being responsible bfor this increase. That is increased life expectancy and larger number of people that will retire in the next two decades.