Final answer:
Future generations are likely to face a later retirement age due to an increased ratio of retirees to workers stemming from the retirement of the baby boom generation, leading to concerns about the solvency of Social Security. The correct answer is C) face a later retirement age in order to qualify for full social security benefits.
Step-by-step explanation:
Trends in the number of workers contributing to the Social Security System and the number of beneficiaries suggest that future generations will face a later retirement age in order to qualify for full Social Security benefits (C). This is due to the increasing ratio of retirees to workers as the baby boom generation retires.
The dependency ratio will skew further as more individuals enter retirement age and draw on Social Security and other retirement programs like Medicare, while relatively fewer young workers contribute to these programs through payroll taxes.
Moreover, with advancements in healthcare, Americans are living longer, which means they draw on the Social Security Trust Fund for a longer period.
This imbalance leads to concerns about the solvency of Social Security and suggests that changes may be necessary to ensure the sustainability of the program, such as increasing payroll taxes or adjusting benefits levels.