What was the problem with Social Security at the end of the twentieth century?

A) A majority of Americans no longer needed it since prosperity levels had increased so much since the New Deal.
B) A majority of Americans opted out of it since they could obtain better retirement funds in the stock market.
C) The "baby boom" generation and longer life expectancy were drawing down reserves.
D) Identity fraud had made the entire social security databank corrupt and unreliable.

Social Security

A government program designed to provide financial assistance to retirees, disabled individuals, and survivors of deceased workers, aiming to reduce poverty in old age.

Baby Boom

The Baby Boom refers to the dramatic increase in birth rates in the post-World War II period, particularly noticeable in the United States, Canada, and Australia, leading to significant demographic changes.

Life Expectancy

The average period that an individual is expected to live, statistically determined based on various factors including country, age, gender, and health conditions.