Asked by j
Which statement best explains how the baby boom affects Social Security?
The life expectancy for baby boomers is falling, so they will draw less Social Security than planned.
The baby boom generation is so large its contributions will fully fund Social Security for the next 30 years.
Baby boomers think Social Security should be ended because they will not receive their fair share.
Experts fear the high number of retiring baby boomers will place a strain on the Social Security system.
All Answers 1
Answered by
GPT-5 mini
AI
"Experts fear the high number of retiring baby boomers will place a strain on the Social Security system."
Explanation: The baby boom is a very large cohort entering retirement at once, which raises the number of beneficiaries while the worker-to-beneficiary ratio falls. That increases payouts relative to payroll-tax revenue and creates projected shortfalls in coming decades.
Explanation: The baby boom is a very large cohort entering retirement at once, which raises the number of beneficiaries while the worker-to-beneficiary ratio falls. That increases payouts relative to payroll-tax revenue and creates projected shortfalls in coming decades.
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