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28 Sep 2019
Discuss whether the following statements are true, false, or uncertain. Explain your answer in five lines or so.
(8) We saw in class that in 1991, the median American aged 51-61 had: $107K in expected Social Security wealth, $16K in private pension wealth, and $3K in other retirement funds. These numbers show that we need Social Security to make sure that Americans save enough for retirement.
(9) If life expectancy rises, then the only way to restore financial solvency to a Social Security system is to raise taxes or cut benefits.
Discuss whether the following statements are true, false, or uncertain. Explain your answer in five lines or so.
(8) We saw in class that in 1991, the median American aged 51-61 had: $107K in expected Social Security wealth, $16K in private pension wealth, and $3K in other retirement funds. These numbers show that we need Social Security to make sure that Americans save enough for retirement.
(9) If life expectancy rises, then the only way to restore financial solvency to a Social Security system is to raise taxes or cut benefits.
Chika IlonahLv10
28 Sep 2019
