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5. _____ Addressing Social Security’s problems now allows the burden of reform to be spread over more generations, and gives younger people more time to adjust their own retirement planning decisions.
6. _____ Social Security benefits increase every year to help meet rising costs of living. Since women tend to live longer than men, these protections are especially important.
7. _____ People have no control over their money when they invest in private pensions, IRAs, and 401(k) plans.
8. _____ Privatized or carve-out accounts fundamentally change Social Security and undermine the program’s benefits.
9. _____ Social Security is not sustainable at currently scheduled levels over the long term with current tax rates without large infusions of additional revenue.
10. _____ Most countries in Europe, as well as Japan, have less serious challenges than the U.S. when it comes to their social security programs.
New Views About Retirement
Answers:
1.) F; 2.) F; 3) T; 4) T; 5) T; 6) T; 7) F; 8) T; 9) T; 10) F
