Final answer:
The tripod of economic security includes government-sponsored social security programs, company-sponsored retirement programs, and personal savings and investments. This framework aims to ensure individuals have financial support in various situations, including retirement and economic hardships. The correct option is a. Health insurance
Step-by-step explanation:
The ‘tripod of economic security’ includes government-sponsored social security programs, company-sponsored retirement programs, and personal savings and investments.
Social Security, a key component of this tripod, is the United States social insurance program designed to provide a safety net as people age, offering financial security to the elderly, unemployed workers, the disabled, and dependent children.
The goal of these combined elements is to ensure that individuals have a secure economic foundation upon which they can rely in times of need, including income for retirement, health care benefits through programs like Medicare, and additional economic support during unemployment or financial hardship. The correct option is a. Health insurance