Asked by Mansi Sharma on Jul 13, 2024
Verified
Social Security is an income support program, designed primarily to maintain the living standards of the poor.
Social Security
Social Security is a government system that provides financial assistance to people with an inadequate or no income, primarily the elderly, disabled, and survivors.
Income Support
Government-provided financial assistance aimed at ensuring individuals can meet a minimum standard of living.
- Identify the function of social insurance taxes and their allocation to social programs.
Verified Answer
NP
Ninoshka PérezJul 16, 2024
Final Answer :
False
Explanation :
Social Security is primarily designed as a retirement benefit program to provide income to people who are retired or disabled, not specifically to maintain the living standards of the poor.
Learning Objectives
- Identify the function of social insurance taxes and their allocation to social programs.
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