Problem
Policy application. This chapter identified a number of proposed reforms to the Social Security system in order to ensure that it will be able to continue to pay benefits into the indefinite future. Evaluate each of the following proposed reforms to Social Security in terms of intergenerational equity, cost, risk, freedom of choice, and any other criteria that you think are important:
(a) raising the age for eligibility for retirement benefits
(b) investing the trust fund partially in equities
(c) adjusting the cost-of-living adjustment
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.