Describe: How are the Social Security benefits of today's retirees funded?

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asked Nov 19, 2021 8.8k views

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Bian · Answer 1 · 2021-11-21T06:38:19+0000

Answer:

Step-by-step explanation:

They're funded by payroll taxes on people who are currently working. Basically, payroll taxes are deducted from the employee's wages and then transferred to tax agencies. This is what funds retirees benefits

Describe: How are the Social Security benefits of today's retirees funded?

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