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One or more of the following statements about Social Security are correct. Which

ID: 1119832 • Letter: O

Question

One or more of the following statements about Social Security are correct. Which one or ones are they? Social Security will be making payments to those now in their 20s when they retire. Social Security will be used up by Baby Boomers and people currently in their 20s won't receive anything from Social Security Current Social Security benefits are relatively modest O The payments to current Social Security recipients are quite generous and will support a middle-class lifestyle. there is an account that you pay into when Social Security operates like a bank you work.

Explanation / Answer

Social Security operates like a bank - there is an account that you pay into when you work .

Because in soical security an individual have to make contributions out of his salary .