Fiscal Policy Formative

SELECT ALL THAT APPLY. Select the argument(s) IN FAVOR of Social Security and Medicare benefits.

• Beneficiaries/Retirees paid into the programs their whole careers with the promise they would receive benefits at retirement age.

• Social Security and Medicare reduce the poverty rate among the elderly by more than 20%.

• Social Security and Medicare ensure that individuals who are retired, disabled, or unemployed receive a livable wage.

• For every $6 that a retiree receives from the government, children receive $1.

Which generation is considered the Baby Boomer generation?

• Born 1946-1964

• Born 1965-1980

• Born 1981-1996

• Born 1928-1945

Why is the Baby Boomer generation costing the government more money than other generations?

• Because they have higher healthcare needs

• Because they have higher poverty rates

• Because they have a larger population size

• Because they have higher unemployment rates

What is the worker-to-beneficiary ratio for Social Security in 2035?

• 2.3

• 5.1

• 2.7

• 3.0

How does the worker-to-beneficiary ration relate to the raising cost of Social Security?

• There are more workers paying for each retiree, which decreases the cost for each worker.

• There are more workers paying for each retiree, which increases the cost for each retiree.

• There are less workers paying for each retiree, which increases the cost for each worker.

What is the purpose of Medicare?

• To provide support to children under 18

• To provide health insurance for retirees

• To provide transportation services

• To provide retirement income

What is the projected balance of the Social Security Fund in 2040?

• Deficit

• Surplus

• Break-even

Social Security and Medicare taxes paid tomorrow are used to pay for

• my retirement and health insurance when I retire.
• current retirees using the programs.
• future retirees who will use the programs.
• an investment account for me to use when I retire.

What does the word "fiscal" mean?

• expenditure

• budget

• activity of the human body

• accounting

What does most of the US budget go towards?

• Military

• Senior programs

• Medicaid

• Interest in national debt