Pros and Cons of the US Retirement System
Interactive Video
•
Business, Social Studies
•
University
•
Hard
Wayground Content
FREE Resource
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary goal of the Secure 2.0 legislation?
To provide free financial advice
To increase the retirement age
To expand access to employer-sponsored retirement plans
To reduce taxes for retirees
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which feature of Secure 2.0 encourages good saving behavior?
Tax-free withdrawals
Higher interest rates on savings
Auto-enrollment and auto-escalation
Mandatory retirement age
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one suggested improvement to Secure 2.0?
Expanding it to all retirement plans
Increasing the retirement age
Reducing employer contributions
Eliminating auto-enrollment
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is reducing friction in accessing retirement assets important?
To encourage early retirement
To prevent erosion of retirement savings
To increase employer profits
To simplify tax calculations
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major factor contributing to financial anxiety despite a strong economy?
High prices limiting savings ability
Lack of job opportunities
Decreasing stock market values
Increasing interest rates
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