Understanding Social Security Updates

Who are the primary groups affected by changes in Social Security?

• Only survivors of deceased workers

• Only people with disabilities

• Retirees, people with disabilities, and survivors

• Only retirees

What is the main goal of the Department of Government Efficiency (Doge) led by Elon Musk?

• Cut down on government spending

• Expand Social Security benefits

• Privatize Social Security

• Increase government spending

What is a potential consequence of budget cuts to the Social Security Administration?

• Increased benefits for all

• Shorter wait times for claims

• Longer wait times and more delays

• More resources for beneficiaries

Why are lawmakers concerned about Doge accessing Social Security data?

• It might compromise sensitive information

• It will reduce fraud

• It will improve data security

• It could lead to increased benefits

What is the projected year for the Social Security trust fund to run out if no changes are made?

• 2025

• 2030

• 2040

• 2033

What claim did Elon Musk make about fraud in the Social Security system?

• Fraud is only a minor issue

• Fraud is minimal and under control

• There is no fraud in the system

• Over $100 billion could be going to people without valid identification

What is a potential downside of eliminating taxes on Social Security benefits?

• It will have no impact on the trust fund

• It will mostly benefit lower-income retirees

• It will increase the trust fund's lifespan

• It could deplete the trust fund faster

Who would benefit the most from the proposed tax cuts on Social Security benefits?

• All retirees equally

• Middle-income retirees

• Lower-income retirees

• Higher-income retirees

What is one way individuals can prepare for potential changes in Social Security?

• Rely solely on Social Security

• Ignore the changes

• Increase 401k contributions

• Spend all savings now

What action can individuals take if they are concerned about Social Security changes?

• Stop paying taxes

• Ignore the issue

• Reach out to their representatives

• Stay silent