The sytem of social security is based on young working people paying taxes to su

Question

The sytem of social security is based on young working people paying taxes to suport older retired people. the dependecy ratio is the number of workers to retirees. Forty years ago it was 16 workers for every one retiree. What will happen to this ratio by the year 2048

a- decline to 2 workers for every 1 retiree

b- it will reverse so that there will be more retirees than workers

c- increase becuase of more young workers than retirees

d- nothing since the ratio of young to old people does not change

Explanation / Answer

a- decline to 2 workers for every 1 retiree as the current trend says that all of the industrialized countries, including the United States, are aging. The number of old people supported by social security, compared to the number of younger employed people paying into the retirement system, is growing.

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