Which of the Following Is True About the Minimum Income

Multiple Choice

Which of the following is true about the minimum income guaranteed to Americans age 65 and older from Social Security?

A) It was initiated earlier in the United States than in most other Western nations.
B) The guaranteed amount is usually adequate as a sole source of retirement income.
C) The guaranteed amount is below the poverty line.
D) The guaranteed amount is about 20 percent above the poverty line.