Asked by Zamii Aguilera on Jun 15, 2024
Verified
Which of the following is a program of forced savings?
A) Medicaid
B) Medicare
C) Temporary Assistance to Needy Families
D) food stamps
Forced Savings
A policy or situation where people are required to save a portion of their income, either through government policies or economic conditions.
Temporary Assistance
Temporary Assistance often refers to government-provided financial aid or welfare programs aimed at helping those in immediate financial need on a short-term basis.
Food Stamps
A government-provided voucher program, now commonly known as the Supplemental Nutrition Assistance Program (SNAP), designed to help low-income individuals and families afford food.
- Master the idea of obligatory savings strategies and the contrast between Medicare and Medicaid.
Verified Answer
KA
Khalaf Al-enziJun 21, 2024
Final Answer :
B
Explanation :
Medicare is considered a program of forced savings because it is funded by payroll taxes collected from workers and employers throughout a person's working life. These funds are then used to provide health insurance to individuals once they reach the age of 65.
Learning Objectives
- Master the idea of obligatory savings strategies and the contrast between Medicare and Medicaid.