The text describes three ways to restore solvency to the Social Security trust fund. Which of these do you favor and why? Would you support means testing of Social Security beneficiaries? Why or why not? What suggestions would you offer to encourage people to save privately for retirement? What barriers exist that affect people’s retirement savings, and how would your ideas address those barriers?

Practical Management Science
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Author:WINSTON, Wayne L.
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Chapter2: Introduction To Spreadsheet Modeling
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The text describes three ways to restore solvency to the Social Security trust fund. Which of these do you favor and why?

Would you support means testing of Social Security beneficiaries? Why or why not?

What suggestions would you offer to encourage people to save privately for retirement? What barriers exist that affect people’s retirement savings, and how would your ideas address those barriers?

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The Social Security Trust Fund is a retirement fund in America. It also provides benefits to blind and disabled persons. The trust is managed under the direction of the six-member Board. The solvency for the Social Security program is the ability to pay the full benefits at any point in time on a timely basis.

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