64 778
Assignments Done
99,3%
Successfully Done
In September 2018

Answer to Question #59509 in Finance for RENA

Question #59509
If the social security retirement were a private retirement system, it would be declared bankrupt. Explain why this is so and why the social security system can continue to pay benefits even though it can be considered bankrupt?

Expert's answer
If the social security retirement were a private retirement system, it would be declared bankrupt, because social security payment expenditures are higher than social security tax revenue. The social security system can continue to pay benefits, because it is financed by the government, even though it can be considered bankrupt.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions