Which characteristic describes the privatization of Social Security?

A.) increases the employer's contribution to Social Security

B.) raises the retirement age to claim full benefits to 70

C.) enables Americans to invest their Social Security contributions in the stock market

D.) reduces benefits across the board by 13 percent

E.) obtains a loan from the Fed

Question

Mylie Kidd

Business

11 August, 17:36

Which characteristic describes the privatization of Social Security?

A.) increases the employer's contribution to Social Security

B.) raises the retirement age to claim full benefits to 70

C.) enables Americans to invest their Social Security contributions in the stock market

D.) reduces benefits across the board by 13 percent

E.) obtains a loan from the Fed

+2

Answers (2)

Know the Answer?

Goober · Answer 1

Answer is C.

Because it makes the most sense

Rachel Hood · Answer 2

The characteristic that describes privatization of Social Security is option C) enables Americans to invest their Social Security Contributions in the stock market. This is the most accurate option but still not wholly accurate. There are different proposals for privatizing. Most would have the existing funds used to buy into the market and then the individual person would have different options for how their own funds were then handled within the market. For instance they could take over control of their fund and buy/sell their various shares. Or they could move their shares to be handled by an investment company, or even just leave them in the original shares that were bought by the government during the transition to privatization. Bottom line, the individuals would have some control of there shares in the stock market.