What element do the potential solutions of raising the retirement age, increasing payroll taxes, and reducing benefit payments all share?

Question

A. Each one would completely solve the Social Security problem.
B. Each one would require someone to give up money and/or benefits.
C. Each one would be protested by people who are already retired.
D. Each one would force citizens to wait longer to collect benefits.

Answer 1

The element that the potential solutions of raising the retirement age, increasing payroll taxes, and reducing benefit payments all share is:

B. Each one would require someone to give up money and/or benefits.

Each of these solutions involves a trade-off that would require individuals to sacrifice in some way, whether it be through increased taxes, reduced benefits, or delayed access to retirement funds.