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Look at this chart. a bar chart titled percentage of americans over age 65 shows years on the x axis and percentage on the y axis from 0 to 25. 1950, 8. 1970, 10. 1990, 12. 2020, 16. 2040, 20. 2060, 27. based on this chart, why is the social security administration facing a funding problem? life expectancy is increasing slower than expected, so people are not living as long as thought. younger people are no longer paying as many retirement taxes as in past generations. the number of elderly americans is growing quickly, so more money is going out than coming in. an unequal amount of taxes is being allocated to medicare and medicaid services.

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AKPOSEVICTORGO

The bar chart reveals that the funding issue faced is because: C. the number of elderly Americans is growing quickly, so more money is going out than coming in

What is a Bar Chart?

In a bar chart, frequency of a data point is represented by the bars or bins.

In the bar chart described, it shows that the percentage of elderly Americans is increasing from 8% in 1950, to 27% in 2060. This implies that more money would be needed to cater for the growing dependents population of which elderly people make up the percentage of dependents.

Therefore, the funding issue faced is because: C. the number of elderly Americans is growing quickly, so more money is going out than coming in.

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