USA HISTORY

THE RISE OF POLITICAL CONSERVATISM 1980 1992

REAGANOMICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is one thing that was never cut in the process?
A
social security payment
B
minimum wage
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Social Security replaces a percentage of a worker’s pre-retirement income based on your lifetime earnings. The amount of your average wages that Social Security retirement benefits replaces depends on your earnings and when you choose to start benefits.

Detailed explanation-2: -The maximum benefit depends on the age you retire. For example, if you retire at full retirement age in 2023, your maximum benefit would be $3, 627. However, if you retire at age 62 in 2023, your maximum benefit would be $2, 572. If you retire at age 70 in 2023, your maximum benefit would be $4, 555.

There is 1 question to complete.