• What Is The Future Of Social Security
    1,073 words
    What is the future of Social Security? There is much-heated debate on the issues of Social Security today. The Social Security system is the largest government program of income distribution in the United States. People are concerned that they won't see a dime of what they worked so hard to contribute into the Social Security system for so many years. Social Security provides benefits to about forty-three million Americans. Not only to retired workers, but also to their spouses and dependents of...
  • African American Americans Security Social
    609 words
    Perhaps no group has as much at stake in the debate over Social Security reform as African Americans. Elderly African Americans are much more likely than their white counterparts to be dependent on Social Security benefits for most or all of their retirement income. Yet Social Security benefits are inadequate to provide for the retirement needs of the elderly poor, which leaves nearly 30 percent of African-American seniors in poverty. As the debate over Social Security reform heats up, several q...
  • Retirement Revamping Social Security
    1,403 words
    Social Security is a major concern in American society today. Social Security first started in 1935 under President Roosevelt when he signed the Social Security Act that provided the elderly with guaranteed retirement income. In 1939, benefits for spouses, dependent children of retirees, and survivors of workers who die before retirement were implemented by congress. In the 1950's, disabled workers were also given benefits. Now days, Social Security is under close scrutiny. Funds are depleting,...
  • Elderly Warned About Social Security Scams
    638 words
    Elderly warned about Social Security scams WASHINGTON (AP) -- Elderly Americans should be careful about giving out their Social Security numbers, officials warned Tuesday after arresting a man who sent out letters offering an extra check to senior citizens who send back money or their bank account and Social Security numbers. 'People should be really cautious about who they give their personal information to, especially their Social Security number,' said Social Security Administration spokeswom...
  • Social Security Benefits Workers Government
    1,082 words
    Economics: The American Government Most of the problems of the United states are related to the economy. One of the major issues facing the country today is social security. The United States was one of the last major industrialized nations to establish a social security system. In 1911, Wisconsin passed the first state workers compensation law to be held constitutional. At that time, most Americans believed the government should not have to care for the aged, disabled or needy. But such attitud...
  • Social Security Tax Benefits Government
    2,143 words
    Social Security is a hot topic of debate today, since most American's believe that the system is near collapse. The trust fund that Americans have been paying into for Social Security is likely to dry up in 2029 due to the large number of baby boomers heading into retirement. Franklin Roosevelt set up Social security to help the people that had worked and Struggled all their lives in honest toil. Social security was set up to accomplish two main goals. The first goal of Social Security is to ac...
  • American Government Economics Social Security
    2,148 words
    American Government-Economics Most of the problems of the United states are related to the economy. One of the major issues facing the country today is social security. The United States was one of the last major industrialized nations to establish a social securitysystem. In 1911, Wisconsin passed the first state workers compensation law to be held constitutional. At that time, most Americans believed the government should not have to care for the aged, disabled or needy. But such attitudes cha...
  • Social Security Workers Living Reform
    1,127 words
    ... loved years. This worked in 1940, when there were 42 workers for every retiree. But, thanks to longer life spans, fewer children, earlier retirement, and other changes, there will soon be only two workers paying into Social Security for every retiree drawing checks out. That can't work" (Glassman 13). The baby-boomer issue is not the only problem facing the future of the budget regarding Social Security. The Social Security Trustees Report projects that population growth is expected to slow...
  • Social Security With Baby Boomers
    273 words
    Social Security The problem within Social Security is that the ratio of worker's paying Social Security taxes to retirees receiving the benefits is getting worse. There were 16. 5 worker's for each Social Security recipient in 1950. Today there are only 3. 2 workers per recipient of Social Security. According to the "Social Security Legislative Bulletin", According to current projections, in 2030 there will be fewer than 2 workers per recipient. There are various strategies for changing the Soc...
  • The Social Security Crisis
    420 words
    The Social Security Crisis The Presidential election will be coming up this November and the question that many of Americans have on their mind is what are you going to about the Social Security crisis? This question has our nation divided between generations. The elder people of our nation (ages 50 and up) fell confident that Social Security will be there for them and that it should be left alone. On the other hand the Baby Boomers (ages 31-49) and Generation X (ages 18-30) lack this confidence...
  • Social Security Benefits Insurance Government
    1,200 words
    Social Security Social Security is a public program designed to provide income and services to individuals in the event of retirement, sickness, disability, death, or unemployment. In the United States, the word social security refers to the programs established in 1935 under the Social Security Act. Societies throughout history have devised ways to support people who cannot support themselves. In 1937 the government began issuing Social Security identification cards to all citizens. Each card h...
  • Social Security Numbers Number Digits
    367 words
    Just having a Social Security number is no longer a symbol of adulthood, the numbers use is no longer confined to working and paying taxes. Government agencies, business and schools rely on Social Security numbers to identify people in their computer systems. Many people receive their Social Security numbers when they start their first job. It is the first step into becoming an American citizen and, to pay taxes. Since the beginning, in 1935, the Social Security number has become more and more i...
  • Social Security Age Benefits Work
    2,286 words
    SOCIAL SECURITY The purpose of Social Security is to provide for the material needs of individuals and families, to protect aged and disabled persons against the expenses of illnesses that may otherwise use up their savings; to keep families together; and to give children the chance to grow up healthy and secure. As I write this term paper, I will discuss the following topics, related to Social Security: 1. A brief history of Social Security. 2. Types of Social Security benefits. 3. How Social ...
  • Social Security System Government Program
    1,099 words
    ... riv ate insurance firm, can guarantee that it will exist well into the future, and will have the continued income of the Social Security tax to draw upon, it can make on-the-spot adjustments for changes in the inflation rate. Some adjustments, in fact, have been automatic in the recent years, therefore relieving the pensioners of the periodic worry of whether this years benefits would be adjusted, or whether the level of payments would remain stable, thereby, relative to the cost of living, ...
  • Social Security Age Workers Savings
    1,043 words
    Title of Paper: Social Security Social security, created in 1935, is the most costly item in the federal budget. The program provides old age, survivors' and disability insurance to a healthy portion of Americans. Workers and their employers fund the system by each paying payroll taxes. The Internal Revenue Service collects the taxes and deposits the money in government-administrated accounts known as the Old Age and Survivors and Disability Insurance Trust Funds (OAS DI). The payroll tax reven...
  • Social Security Retirement Income Health
    775 words
    Social Security The purpose of this paper is to analyze social security so as to show the reader what makes it beneficial to us today... Throughout my life the words social and security have meant little more tome than the representation of a small blue card in my wallet, a consistent and increasingly significant deduction of funds from my weekly pay-check, and a vague academically-instilled recollection of the potential for long-term future benefit. In fact, it was not until I researched pertin...
  • Social Security 2 People Today Americans
    475 words
    Social security is very essential for most of today s older Americans. Since it was begun, it has been a sort of protection for retired workers, and for disabled workers. Social Security allows people to live independently and still have their dignity. There are about 150 million workers protected by Social security and more then 44 million people receive Social Security benefits. The Social Security program is a way of providing an economic security in today s society. More than 9 in 10 older A...
  • Eveline Mabel Burns Social Security
    676 words
    As a social worker, one is intertwined in the broad realm of Social Welfare. One aspect that makes up Social Welfare is our countrys Social Security System. Without Social Security, many retired citizens of our country would not have any source of income. One person in this countrys history mostly responsible for devising the plan of Social Security is Eveline Mabel Burns. Burns worked as a social economist throughout her life, and in the process, created what we all know as the Social Security ...
  • Social Security Government Market Average
    764 words
    I. Nature of the Problem Social Security is not a problem right now; in fact, it runs a large surplus every year. However, Americans are living longer, and drawing more Social Security payments than they ever put in. Early in the next century, we will be paying out more than we take in, and Social Security will have to dip into its surplus, which is currently used by the federal government for other spending. When the last of the baby boomers retire, the payroll tax would have to almost double t...
  • Social Security Workers Future Retirement
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    Abbott 1 Josh A. Abbott Professor Adams Principles of Microeconomics 14 November 2000 Financial Concerns About the Future of Social Security "Will Social Security Have future financial difficulty" In my view, Social security doesn't face a true financial crisis. But it does face a crisis of confidence among younger workers. One widely publicized survey showed more young workers believed in UFOs than believed Social Security would pay them full benefits when they need them. By the time young work...