SW Policy Ch 9

The original Social Security Act of 1935 included Grants to States for Aid to Dependent Children and Medicare​

False

The overall intent of the Social Security Act was to create programs that would:

Respond to immediate crisis while planning for long term security

The tax rate for OASDI is:

6.20%

Social Security historically has included fairness in resource distribution by race and gender.​

False

The Social Security trust funds are projected to run out by 2019

False

From its introduction as a policy proposal, Social Security was widely embraced because of its support for the elderly and people with disabilities

False

When the Social Security Act was passed in 1935, the public and legislators embraced which program?​

None of the programs

The following programs were all part of the original Social Security Act of 1935

Old Age Insurance

The two key complementary components of the Social Security Act were

Social insurance and public assistance

Which of the following is true about privatization of Social Security?​

Those who understand financial markets would do well

Social Security is the main source of income for two-thirds of all elderly people.

True

The full name of Social Security today is Old Age Survivors Disability Insurance

True

Today, social insurance programs include:​

Unemployment Insurance

Disability Insurance was:​

added in 1956

Many argue that the future of Social Security is in jeopardy. Which of the following is NOT a reason to worry about the future of the program?​

coverage of low-income children

Social insurance is:​

​collectively funded program for workers and their dependents