Social Security provides income to retired, unemployed and disabled workers. Benefits are based on how long a worker was employe

Question

3 years ago

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Social Security provides income to retired, unemployed and disabled workers. Benefits are based on how long a worker was employe

d The comments below are from a discussion between two speakers with different perspectives on the future of Social Security.

Social Studies

1 answer:

adoni [48] · Answer 1 · 2022-05-25T12:11:30+03:00

Answer:

Reduction.

Explanation:

The retired, unemployed and disabled persons should expect a smaller payment in the future as compared to current and past payment a recipients have received. According to recent Social Security Trustees' report, future recipients can expect a 21% benefit cut which experience aa reduction as compared to growth. Current new recipients experience a reduction in future payments if they live long enough at least around age 84.