SOA 2024/2025 Exam Comprehensive
Questions and Verified Answers |
Accurate Solutions | Get it 100%
Correct!! Already Grade A+
The privatization of Social Security would mandate that individuals be more in
charge of their own retirement and the government less responsible. One
country with a privatization program in existence is: - 🧠ANSWER ✔✔Chile
In the last 40 years, there has been a vast improvement in the economic
position of the aged. - 🧠ANSWER ✔✔True
All of the following are risks of privatization except: - 🧠ANSWER ✔✔some
individuals would not have money to invest in the system.
The baby boom generation has had fewer opportunities than their parents. One
reason for this lack of opportunity is: - 🧠ANSWER ✔✔competition among
members of this cohort.
An increase in payroll tax, to increase the Social Security fund, will fall heavily
on middle-age workers. - 🧠ANSWER ✔✔False
One of the changes contributing to the decrease in the Social Security trust fund
is decline in the birthrate. - 🧠ANSWER ✔✔True
Page 1 of 12
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT. ALL RIGHTS RESERVED
, All of the following are factors which have improved the economic status of the
aged except: - 🧠ANSWER ✔✔the number of children providing economic
support.
Private savings are a third source of income in retirement. Problems with saving
for retirement include all of the following except: - 🧠ANSWER ✔✔little
encouragement or advice to save.
Defined contribution plans represent a savings plan with some tax advantages.
Which of the following is not a problem with defined contribution plans? -
🧠ANSWER ✔✔The plan is involuntary.
One major obstacle of means testing is: - 🧠ANSWER ✔✔it discourages savings.
The United States is one of several countries thinking about raising the
retirement age. - 🧠ANSWER ✔✔True
Demographers currently predict that the ___________ will enter retirements
with more savings, better pension coverage, and greater prospects for inheriting
wealth than any other generation. - 🧠ANSWER ✔✔baby boomers
The highest poverty rate is among: - 🧠ANSWER ✔✔single women
The elderly today do not have the diverse source of income compared to the
elderly of the 1960s. - 🧠ANSWER ✔✔False
Page 2 of 12
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT. ALL RIGHTS RESERVED
Questions and Verified Answers |
Accurate Solutions | Get it 100%
Correct!! Already Grade A+
The privatization of Social Security would mandate that individuals be more in
charge of their own retirement and the government less responsible. One
country with a privatization program in existence is: - 🧠ANSWER ✔✔Chile
In the last 40 years, there has been a vast improvement in the economic
position of the aged. - 🧠ANSWER ✔✔True
All of the following are risks of privatization except: - 🧠ANSWER ✔✔some
individuals would not have money to invest in the system.
The baby boom generation has had fewer opportunities than their parents. One
reason for this lack of opportunity is: - 🧠ANSWER ✔✔competition among
members of this cohort.
An increase in payroll tax, to increase the Social Security fund, will fall heavily
on middle-age workers. - 🧠ANSWER ✔✔False
One of the changes contributing to the decrease in the Social Security trust fund
is decline in the birthrate. - 🧠ANSWER ✔✔True
Page 1 of 12
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT. ALL RIGHTS RESERVED
, All of the following are factors which have improved the economic status of the
aged except: - 🧠ANSWER ✔✔the number of children providing economic
support.
Private savings are a third source of income in retirement. Problems with saving
for retirement include all of the following except: - 🧠ANSWER ✔✔little
encouragement or advice to save.
Defined contribution plans represent a savings plan with some tax advantages.
Which of the following is not a problem with defined contribution plans? -
🧠ANSWER ✔✔The plan is involuntary.
One major obstacle of means testing is: - 🧠ANSWER ✔✔it discourages savings.
The United States is one of several countries thinking about raising the
retirement age. - 🧠ANSWER ✔✔True
Demographers currently predict that the ___________ will enter retirements
with more savings, better pension coverage, and greater prospects for inheriting
wealth than any other generation. - 🧠ANSWER ✔✔baby boomers
The highest poverty rate is among: - 🧠ANSWER ✔✔single women
The elderly today do not have the diverse source of income compared to the
elderly of the 1960s. - 🧠ANSWER ✔✔False
Page 2 of 12
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT. ALL RIGHTS RESERVED
