Which of the Following Statements About Social Security Is FALSE

Multiple Choice

Which of the following statements about Social Security is FALSE?

A) Social Security is an intergenerational transfer where the benefits paid are only roughly related to past earnings.
B) Over 90 percent of all employed workers in the United States are covered by Social Security.
C) Benefit payments under Social Security are based on the recipient's need.
D) Benefit payments under Social Security redistribute income from young to old.