Social Security Goals

Social Security Goals
===The goals of the Social Security program is to bring monetary assistance to specific and certain
groups such as the elderly, disabled and widows. The goals of the social security program, as stated
in their government page are, "to keep American families from becoming destitute––in health or in
the essentials of life. We do not want a program which, alone, would enable anybody to live in
luxury; but we do want a program that will assure every family in the Nation enough to live on in
times of adversity." (ssa.gov) To learn about one of America's most successful program it is
important as a reader to know that this program has been around for 80 years, since August 14, 1935
when President Franklin Roosevelt signed and made Social Security ... Show more content on
Helpwriting.net ...
Organizations such as the AARP (American Association of Retired Persons) have a very big
influence among the elderly and the policy making that takes place. The reason as to why this is a
strength is solely because when the AARP steps in for the elderly they are not only representing the
elderly which are their primary goal but the disable and widows, two other groups of people that
highly benefit from the social security program. As you where able to learn during the course,
primarily in chapter 17 Social Policy, the AARP "pays close attention, when congress considers
changes in programs that affect the elderly." (We The People) These organizations devote their time
and strengths in order to defend the Social Security Program; many times it was the AARP that
stopped reforms from happening and affecting the Social Security Program such as in times like
2005 and 2009 when the AARP was either against or for health reforms being added into the Social
Security Program. The weaknesses of the Social Security program could primarily be that
economically the Social Security Program in several occasions was at risk of financially collapsing (
Peter Ferrara) If the Social Security Program were ever to fail this would mean thousand of
beneficiaries would run the risk of not having any financial sustainability. In Peter Ferrera's article,
"The Future of Social Security" as
... Get more on HelpWriting.net ...

Social Security
FACULTY OF ADMINISTRATIVE SCIENCE AND POLICY STUDIES
AM228: BACHELOR OF ADMINISTRATIVE SCIENCE (HONS.)
ADM653: SOCIAL SECURITY AND EMPLOYEE BENEFITS ADMINISTRATION
TOPIC: DEVELOPMENT OF SOCIAL SECURITY IN UNITED STATES
PREPARED BY:
AFIQAH BINTI MAD KASSIM 2013455736
ALIAATIQQAH BINTI ADENAN 2013
FIQRIN HANIS BINTI ROSLI 2013488894
INTAN SURAIYAH BINTI RAMAT 2013460818
NUR AMILY BINTI ZAINUDDIN 2013439594
GROUP: S3BA5G (SEPT 2015)
PREPARED FOR: SIR SUHAIMI BIN ABD SAMAD
SUBMISSION DATE:
13 OCTOBER 2015 1.0 Introduction
United States Social Security Administration focused on social insurance. The concept of social
insurance in United States is from the individuals' contribution to the government ... Show more
content on Helpwriting.net ...
An unmarried child with disability that starts at the age before 22 years old. And last but not least
parents at the age of at least 62 years old being dependent on the deceased for at least half of the
deceased's income.
2.4 Medicare Benefits
Medicare is the United States federal insurance system that bring forth medical care for those who
are above 65 years old and some people younger than 65 with specific disablements. The Medicare
plans are divided into four parts which are hospital insurance, medical insurance, Medicare
advantage plans and medical prescription drugs. Hospital insurance is given to those 65 years old
and above with American citizenship or permanent residents of America. Anyone who have
registered for the first part are eligible for the rest of the plans. The application to have this Medicare
would be easier if the person is already obtaining Social Security retirement or disability benefits
because they will reach the person few months before he or she entitled for it. However, if the
person is not yet having the Social Security but already got retirement, the person should contact

Social Security before 65th birthday to sign up. In addition, if the person is not planning to retire at
age 65, he or she can still sign up for it.
2.5 Spousal Benefits A spouse in entitled for this benefits at least at the age of 62 years old with a
condition that their spouse is receiving

Social Security Doctor
Q: Why Does Social Security Want Me to See Their Doctor?
Age 35, Student
A: In some cases you may be required to see a doctor as part of your disability case. This is actually
pretty normal and most people filing for disability will be required to attend such an exam. As part
of your application for benefits, Social Security has to come to a conclusion as to what your physical
and mental limitations are. If your medical records don't discuss your limitations, or if the
administration feels that there isn't enough evidence to establish your case, they may schedule you
for a "consultative exam." It's important to know that this doctor isn't going to treat your condition,
they're only going to examine you and give an opinion about your diagnosis ... Show more content
on Helpwriting.net ...
Appeals can be done by visiting your local Social Security Office, over the phone with a Social
Security representative, or online, however, we highly recommend that you seek assistance from an
attorney in filing your appeal. If you miss your appeal deadline, seek assistance from an attorney
immediately. An attorney is familiar exceptions that may allow you to submit your appeal after the
deadline. Typically these exceptions involve some type of acceptable excuse such as serious illness,
death in the family or can also involve your not having received the notice of decision due to your
having moved. Social Security may also grant you additional time to appeal your case if you were
looking for an attorney and were unable to find one prior to the appeal deadline. There are many
possible exceptions that allow you to file your appeal late and there is no official list of what is an
acceptable excuse and what is not. These appeals are called "good cause appeals" and a good
attorney will be able to tell you if such an appeal can be filed in your

Social Security Privatization
People are living forever. This is not true in a literal sense but the average life expectancy for people
in developed countries has skyrocketed over the last 100 years. There are many great benefits of an
increased life expectancy that people are able to enjoy in modern society. However, with increased
life expectancy comes a greater toll on some government provided services. Social Security is a
retirement plan for senior citizens that started in 1935 and lately has been a controversial topic in
United States politics. The United States Social security program should be privatized because of its
current financial instability and the increased positive benefits to its recipients.
Transitioning the publicly ran Social Security services to ... Show more content on Helpwriting.net
...
Additionally, its privatization will leave its recipients better off. In today's world retirement is an
enormous milestone in a worker's life and having enough money is an important determinant of
when that happens. Social Security is a large contributor in allowing Americans to be able to retire.
With about the privatization of Social Security, the ability for any worker to retire at a reasonable
age will become much more difficult. Is it right for the elderly to be forced to work longer than they

Social Security Benefits
Social Security Disability Benefits Facing Cuts in 2016 Social Security is the foundation that
provides economic security for certain Americans including those who are disabled, retired or the
family members of those who are. Most don't realize it, but by the age of twenty there is a twenty–
five percent chance that you may become disabled before retiring. Therefore, this foundation is
pretty important. The Social Security Administration pays disability benefits through SSDI and SSI
programs. Recently, a new problem has arisen with these insurance benefits. Social Security's
disability trust fund is starting to deplete. If Congress doesn't successfully replenish this trust fund,
nearly eleven million beneficiaries of these disability benefits

Social security has been a big part of our nation since 1935 when the great depression plagued our
nation. Social security is an independent trust fund and has been since its creation. 1 Social Security
Benefits cannot be given out to anyone who hasn't paid into it. No one can receive it as welfare or
other types of governmental assistance. 1 Many people think that Congress takes money out of the
Social Security fund and irresponsibly uses it. The truth is, congress is using it how they are
supposed to be. They are using it to pay people their owed social security benefits and other
important government programs. Although the federal debt may be high and respect for congress
may be low, they are using it as they should. 2 III. Changes in ... Show more content on
Helpwriting.net ...
Prior to this year, many people above the age of 65 were applying for government assistance
because they could not handle their medical bills, the bills were just too high. So congress evaluated
what they could do and in 1965 they passed the Medicare bill. Those 65 years and older could
receive the benefits and this helped immensely to cover hospital bill costs. Over 56 million people
today now receive Social Security benefits. Medicare and Social Security are two interconnected
government systems that typically serve the same people. Medicare premiums can directly affect
how much social security you're getting and many Americans in 2011 saw their social security
increase when their Medicare premiums changed. The dates you signed up and if you were a
wealthier beneficiary determined how much your premium and social security income changed.
Medicare is handled through the two trust fund accounts; Hospital Insurance (HI) Trust Fund and
Supplementary Medical Insurance (SMI) Trust Fund. The HI is funded by payroll taxes, income
taxes, and premiums. It pays for Medicare Part A and Medicare administration. The SMI is funded
with authorization from congress and from Medicare premiums. It pays for Part B and D benefits,
and Medicare

Social security is a great insurance policy it doesn't give total financial security it's just a layer of
financial support as the textbook states. In some cases, people mistakenly regard social security
benefits as a differentiator as just one of many investments that should try to maximize not knowing
it is an investment however it doesn't change with the market like 41K plans & other stock market
reliant investments. Furthermore, some people believing if you take an early retirement you'll be
able to make more use of your investment not knowing that in some cases, if benefits are delayed
there's a possibility that their investment will increase up to %8 in some cases. When individuals
aren't properly educated on financial stability after ... Show more content on Helpwriting.net ...
Deferring benefits until age 70 results in a benefit that is about another 32% higher in many cases
not all cases.
If you are still working and take Social Security benefits before reaching your full retirement age
you could easily exceed the annual earnings limit at which your benefits will be reduced. For 2016,
the annual earnings limit is $15,720. If your earnings exceed this limit your benefits will be reduced.
The amount will depend upon your age, but the reduction is a steep $1 in benefits for every $2 that
your earnings exceed the limit. This may be a good reason to delay taking your benefits until at least
your full retirement age. The annual earnings limit goes away once you reach your full retirement
age, but your benefits may still be subject to taxation. This means that up to 85% of your Social
Security benefits could be subject to taxation, so if you are working while collecting benefits and in
a high income bracket you may want to delay taking benefits until your earnings are lower or until
age

Social Security Disabilities
Social Security Disability is a benefit that person may receive if he or she is going to be
incapacitated for more than 12 months of life. The Social Security Administration offers such a
benefit to people who have remained in the workforce for many years and accumulated a certain
number of work credits. The benefit provides the person with monies that can assist him or her with
medical bills, household bills, survival and the like. The SSA has a stiff set of criteria for people
who want to collect SSD, however. More than 60 percent of the claims receive a denial from the
organization. The following are the top reasons that people receive a denial for their SSD benefits:
Not Enough Work Credits The first stage that an application must go through

Social Security first started in the United States on August 14th, 1935 when Franklin D. Roosevelt
signed the social security act. This act was created in the midst of the Great Depression, the worst
economic situation in American history in an effort to continue income for people that retire after
the age of 65, at this point there needed to be some big changes not only to help our economy
presently but to ensure a bright future for our economy generations to come. On that same day the
Social Security Administration was created as an agency to watch over social security and is
independent of the United States Federal government (Social Security, 2016). Having this new
system also allowed for more jobs to be created because it was quite the ... Show more content on
Helpwriting.net ...
There is an office location in every state in the United States. These locations are also available in
the event a person loses their social security card and needs to get a new one. In order for people to
correctly apply for social security cards they must have a few things to prove their status, such as
their original birth certificate, proof of citizenship, and a copy of your W–2 (Social Security Offices,
2016). Also if people want to apply for retirement they need to be at least 61 years and nine months
old (for early retirement; full retirement doesn't apply until 66), not receiving benefits already,
haven't applied for benefits already, and finally start these benefits in the next four months or less.
These offices also offer an opportunity to receive Social security income. This system even allows
you to apply online if that is more convenient than physically going to the office (Social Security
Offices, 2016). Therefore, these Social security offices are very important for the continuation of the
system for both informing the public and offering the services needed to carry out the social security

Benefits Of Social Security
Social Security is a benefit Americans earn by working hard throughout their lives. When it comes
time to retire, Social Security represents one way to maintain your finances by receiving a monthly
check from the U.S. government as a return for the Social Security taxes paid into the fund.
Discover some basics about Social Security and why you should wait as long as possible to start
taking this monthly benefit.
Age Is a Factor
You can start to take Social Security once you reach 62 without a penalty, but you should start
withdrawing funds by age 70 because your benefit never increases once you reach that point.
However, if you can delay tapping into your Social Security until you reach that age, you get more
money in your monthly checks. ... Show more content on Helpwriting.net ...
As you get older, your medical expenses may increase due to regular medical checkups, prescription
medications and hospitalizations.
You also have to calculate how much money you need to live comfortably until you wait to claim
your Social Security benefits. Reduce your monthly expenses by as much as possible. Put as more
money into savings so you can draw from that account if you need to in a pinch. If you have any
assets that make less than 8 percent per year on your rate of return, such as money market accounts,
certificates of deposit or bonds, consider selling those investments to shore up your cash on hand as
you prepare for your years beyond 66.
There are several online calculators that can help you determine what to do. There?s another factor
to consider when deciding when to take Social Security benefits.
Married

The Future Of Social Security
Eventually everyone wants to retire. In order to do that we need to make and save enough money to
live on, but not everyone has the luxury of having financial stability. Since the mid–1930s, the
government has tried to ensure that everyone should at least have some income after leaving the
workforce. This plan is known as Social Security. Initially created during the New Deal, it was a
compassionate program to help prevent elderly people from being destitute and was founded on a
sound economic model. However, the government's failure to predict life expectancy and
demographic changes, program expansions to include people with disabilities, and other added
benefits have made the program much more expensive and will eventually put Social Security ...
Show more content on Helpwriting.net ...
Originally, the program was "off [the government's] budget," kept as a separate function of the
federal budget, but in 1968, under President Johnson, discussions began to incorporate Social
Secuirty "on budget." The government claimed that this was done to make the budget clearer, even
though it conveniently gave the government access to Social Security funds, putting more money
into their control (The Social Security Trust Funds and the Federal Budget ssa.gov). In 1974, when
Congress began its own independent budgeting activities, it formally adopted the existing
convention of treating Social Security as part of the unified budget. Today, Social Security is listed
as the largest program in the federal budget; accounting for 23 percent of all government spending.
Since the money set aside for Social Security has been merged with the rest of the government's
money, it has become questionable as to whether the allotted money is actually going to the specific
program. Once money is taken out of Social Secuirty it is treated like any other governmnet revenue
(Understanding the Benefits ssa.gov). This ambiguity is what critics are reffering to when they say
the program has been "raided," indicating that the taxes collected for Social Secuirty are no longer
part of a separate protected

Social Security : A Social Problem
The social security deficit is one that consumes the economy in the greatest way possible, whether
man is aware of it or not. Social Security is an insurance plan the working class earns their
beneficial coverage due to their work hours and tax paying on their earnings. The program is for the
disabled and for those who can longer work due to health issues, or because of the retirement age
that is required to have reached and some have met. To solve the social security dilemma some of
the actions that could be taken into consideration could be to: 1) gradually increase the retirement
age for the full age of benefits to thirty–one percent, 2) reduce the cost of living adjustment by half
of a percentage point making it to forty percent, 3) reduce benefits by five percent, and 4) using
"progressive indexing" to reduce benefits for future retirees to thirty–one percent. Although social
security was just used as a retirement program at first, it changed in 1939 to also benefit survivors
and the retiree 's spouse and children, and in 1956 disability benefits were also added to the Social
Security Act. In the original 1935 law, it was stated to contain the first ever national unemployment
compensation program, served as an aid to states for several health and welfare programs, and to
Aid to Dependent Children program too. The age of retirement is sixty–five. It was set to that age
because in the 1930s it was the age chosen for contemporary practice. In that time the life

Many argue social security pay to beneficiaries will become depleted by the year 2037 due to the
modest working class. Solvency can be defined by the availability of assets to be payed in full to
beneficiaries (The Future Financial). The Social Security Administration is a department of the
Federal Government. It is responsible for retirement, disability, and survivor's benefits. Retirement,
disability, and Survivor benefits come in the form of monthly payments to beneficiaries. Income is
based upon how much taxes a working class American pays into the program. The Social Security
board of Trustees report on the total assets generated by the American working class. In addition to
the dwindling working class, the 'baby boomers' will be leaving ... Show more content on
Helpwriting.net ...
Privatizing social security can be equally as beneficial as a government ran social security. In
addition of companies responsible for pensions could be a citizen saving a certain portion of their
pay from working over time which can be utilized to fund their retirement; an option that can be
considered 'private social security'. The argument against citizens saving on their own is most do not
plan for their future. Privatized Social Security or mutual fund are a great idea for individuals who
do not want to wait for the Government to reform social security benefits. Citizens can invest in
savings bond, the stock market, compounding interest saving accounts. Money Market Accounts are
a no risk account at a higher than average interest generating rate. The account needs a deposit
amount of a hundred to begin accumulating assets (What are). In addition to different accounts
citizens can invest into, people can invest into the stock market. Occasionally employers provide
discount stock prices to full time employees and this can be used to finance retirements for citizens.
Although the stock market is always fluctuating day by day, it is just another option American can
use to finance their future retirement. Individuals saving for their retirement at an early age,
investing money into a private social security plan, and of course paying into the

Essay On Social Security
In the America society, we want to develop a system that our Americans can live a happy and
comfortable life. That's why America created a system called social security in 1935, this system is
to help those who are older and have disabilities. (see staff.) Social security has three main part: first
is the objective and comprehensive introduction to the American social security system; the second
is the information authority, novel, the policies and data are from the US government and the
legislature; third is the academic and practical combination of the US social security system Of the
policy practice at the same time, through the appendix, glossary and reference literature and other
means for the reader to provide a comparative study and ... Show more content on Helpwriting.net
...
elderly legal retirement insurance with a mandatory, contribution and welfare, retirement and
medical insurance fund has a normal source of channels, self–adjustment and self–adjustment. (see
Myers. Pg. 173.) The pension income and support is in accordance with the current pay, balance of
payments to determine the principle, according to the population aging forecast, the need for
retirement expenses, and constantly adjust the insurance tax rate, through self–adjustment to achieve
self–circulation normal operation purpose. (see Findlaw.)
Social Insurance Social insurance is a form of compensation under government control for elderly,
disable, or unemployed people. The program is only for people who meet certain requirement, they
typically include a chain of work from doctors and hospitals that is under the service of health care.
(see Business dictionary.) These providers are selected by the government to work with and do the
service. Medicaid, Medicare, and unemployment compensation are all includes in the social
insurance programs. The development of insurance companies operating a voluntary insurance
pension insurance, absorb idle funds to enhance economic strength, to prepare for the aging
population. (see Williamson. Pg. 101.) Some life insurance companies in the United States, in
addition to operating life insurance, property insurance, death insurance, but also

The Social Security Program is a federal insurance program that provides benefits to retired people
and those who are unemployed or disabled. Social Security Tax is The tax levied on both employers
and employees used to fund the Social Security program. The Social Security tax pays for the
retirement and disability benefits received by millions of Americans each year.
Over the last few years, the program has been losing money. This is because Social Security was
designed to provide income support to a relatively small percentage of the population: those who
lived beyond the average life expectancy were therefore less likely to be able to work or have
sufficient savings. (Heritage) Life expectancy in the United States has increased by 17 years ...
So far, a retiree's Social Security benefits have always been based on the career earnings on which
he or she has paid Social Security taxes. Dropping that principle would open the door to other
substantial changes in Social Security. Average benefits could remain at roughly the current level if
wealthier Americans paid taxes on their entire salaries, but their benefits remain the same as they are
now. Essentially, they would be getting nothing in return for the additional taxes that they would
pay. Such a move has been proposed in the past. David John is a Senior Research Fellow at The
Heritage Foundation. Paying more taxes for a little return may not sound fair. Take into
consideration the huge difference in the payroll tax rates Americans now pay. But the wealthy get
one more benefit from paying higher taxes, argues Virginia Reno, vice president for income security
at the National Academy of Social Insurance. "We support Social Security because they hope to get
benefits someday, but also because we want to live in a society where everyone has basic security in
retirement. High–income people have the ability to pay proportionately, and to live in a society
where everyone has basic protection."

The Benefits of Social Security
Social security is any government system that provides monetary assistance to people with an
inadequate or no income. The United States government program was established in 1935. Social
security is important in the U.S. because it lifts 20 million people out of poverty. Social security has
changed drastically in the past few years of our society. Today, 37 million people get social security
benefits of more than $15 billion a month.
One way of getting a social security is to gain employment. The law requires every employer to give
social security counterparts for their employees, is they qualify. There are proven benefits of having
a Social Security membership. It aids in protection during retirement age, which is often a time of
lowered income and benefits. Social Security also helps during cases of permanent or temporary
disability. In case of death of the principal member, burial assistance will be tendered for the
grieving family. When loss of the principal member occurs, children aging from 18 and below will
get subsidy from the government for their educational needs and sustenance. The living spouse will
also receive monthly pensions. Furthermore, in cases of emergencies like hospitalization due to
sickness or accidents, the policy is applicable. If you are also in dire need of additional amount
because of poverty it can help too.
More and more talk recently about the fact that Social Security is on the fast decline has left many
people, especially those around the

Social Security History
Social security has been around for a while . There has been proponent and opponent of the
program. A brief history of the program will show the background of how it came to be. A pension
system was established around the civil war and some forms of payments were to widows, veterans,
and orphans. Around 1862, a formal pension was established for military members wounded or died
during the war period. The pension was issued to military members, widows and children.
Modifications were made over the years to change when payment should be made to Civil War
survivor and others. Social Security that is well known today was created by President Roosevelt
August 14, 1935. At the time, Millions had lost jobs and the retiree had lost everything and ... Show
more content on Helpwriting.net ...
At this point, individual has a choice to retire or continues to work in another to receive 100% of
contribution. Experts advise personnel to work until the age of 70. If you start receiving retirement
benefits at age 62, you will get 70% of the monthly benefit because you will be getting benefits for
an additional 60 months. Age 65, you will get 86.7% of the monthly benefit because you will be
getting benefits for an additional 24 months and benefits will increasingly rise as the beneficiary
delays withdraw of Social Security. Many people will think this will be a lengthy working life when
it is not guarantee that a person will be alive till that age. This is the thought of the majority of the
population. Some may be on schedule due to health problems, layoffs, buyouts, or the need to care
for family members. And those who have accumulated enough wealth for early retirement are
certainly free to exit the workforce.Wealthy individual could stop working in the early 40's and uses
investment income to support day to day expenses which is not common in the larger extant of the

Social Security Reform
I believe our current social security system should be replaced by a mandatory private pension
system. If it is not gracefully transitioned from the way it currently is then it will unfortunately
disappear altogether in an abrupt fashion. A replacement will alleviate this issue and replace it with a
viable option that can sustain itself.
First let us get into the numbers. If we are just looking at the retirement benefit and not disability or
Medicare then our current system is barely balancing. In 2012 the total amount of income was 731.1
billion and a payout of 645.4 billion. With still more baby boomers to come this cannot be sustained.
Also, how are we to know when the next baby boom will occur? The average life expectancy when
social security was introduced in 1935 was 61.9 which is now our average retirement age. The
current life expectancy is 78.7 as of 2011. This means that someone needs to be able to save enough
money for at least 17.7 years. This adds more to our baby boomer issue. There was recently a study
done by MIT, showing the living wage rates for an individual or family. This matters as we cannot
create a program that will place someone into poverty now for a tomorrow that is not promised. This
doesn't mean we don't think about tomorrow but we need to put it in perspective. With all of this
data I think we can create a new system that is not only feasible during retirement age but also
allows someone to make a living now.
Now we need to look a bit deeper

Goal: Article About Social Security Benefits
Word count in this document: 400
Title: SSDI and Genetic photosensitivity disorders
If you are trying to get social security disability for a skin disorder, there are some requirements that
you must meet.
The skin disorders that might results from hereditary, congenital, or acquired pathological processes
are ichthyosis, bullous diseases, chronic infections of the skin, dermatitis, hiradenitis suppurativa,
genetic photosensitivity disorders, and burns.
Some documentation is required before your skin disorder can be approved for SSDI. You will need
to provide information about the onset, duration, and frequency of flare–ups, as well as the location,
size, and appearance of lesions. If applicable, you might also need to provide ... Show more content
on Helpwriting.net ...
When your impairment affects your skin and has effects in other body systems, the predominant
features of your impairment are evaluated first. Some example include:
Tuberous sclerosis. This disease primarily affects the brain, and its predominant features are seizures
which are evaluated under some neurological listings at the social security offices.
Malignant tumors of the skin. These are cancers or neoplastic diseases.
Autoimmune disorders. These include things like systematic lupus erythematosus, scleroderma, and
the HIV virus.
Disfigurement or deformity. This results from skin lesions and might result in the loss of sight,
hearing, speech, and the ability to chew.
Photosensitivity disorders are evaluated through certain impairment requirements. You must have
clinical and laboratory findings that show you have the disorder. People who have XP often
experience problems with their eyes, mental disorders, and problems in other body systems. These
will all be evaluated for

Social Security and Medicare
Social Security and Medicare
History
Present Configuration
Future Projection
GERO100
March 31, 2012
Hopefully we will all be physically able to work until the age of 65, collect retirement and Social
Security and live an enriching life until we leave this world. Not all companies financially support
their employees with fully funded retirement plans so it is left up to the individual to actively
participate in saving for their future. When someone reaches retirement age, if the finances are there,
they are usually only a fraction of what they were making as a full–time employee. This is when one
hopes of having Social Security and Medicare benefits to supplement our retirement income for a
more stable financial future. ... Show more content on Helpwriting.net ...
The hopes were with enhanced programs, the disabled would be able to return to the workforce.
With the introduction of the Senior Citizens' Freedom to Work Act of 2000, retirement age
individuals were able to continue to work at their full retirement age and still receive benefits. The
Medicare Prescription Drug, Improvement and Modernization Act of 2003 added the voluntary
prescription drug program under the Medicare program. With the No Social Security Benefits for
Prisoners Act of 2009, prisoners were prohibited from collecting social security benefits while they
were in prison or in violation of parole or probation. The most recent change enacted to the Social
Security program was the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation
Act of 2010. This Act instituted a 2% reduction in employee's payroll taxes. (www.ssa.gov/history)
The state of our current Social Security program is that there are fewer workers to fund the Social
Security program through payroll taxes due to the decrease in number of birth rates per woman.
Simple math shows that less people to contribute equals less money being funded. Social Security
payroll taxes were just reduced from 6.2% to 4.2% per worker. To be eligible to receive Social
Security benefits, you must earn 40 "credits" which is equivalent to 10 years of working. The
monthly retirement benefit amount is based on the retired workers lifetime earnings.

The Social Security System
Dear Congresswoman Ann Wagner (R),
"All peoples throughout all of human history have faced the uncertainties brought on by
unemployment, illness, disability, death and old age. In the realm of economics, these inevitable
facets of life are said to be threats to one 's economic security"– (www. ssa.gov). The 1935 Social
Security Act was a giant step towards creating an economic security for the nation. However, as a
person who has yet to be in the work force for 10 years I have already begun to realize that my
comfort in retirement cannot rely on government funding, there are those whoever, who will rely
entirely on that funding. Due to the differences in people's willingness to take their futures under
their own control, I would suggest reform in the fashion of partial privatization. Without this reform
Social Security will not survive into the 21st century.
The current state of the social security system, while its history comes from a well–intentioned
source, has been negatively impacted by many issues in recent years. "The Social Security program
's has many benefits: retirement and disability income, Medicare and Medicaid, death and survivor
benefits. INVESTOPEDA These are important benefits to have for the wellbeing of the country as a
whole. However due to demographic changes resulting in fewer workers paying into the program
and more recipients taking benefits out, the available benefits are becoming scarce CITE. The rules
of supply and demand are showing a

The Social Security Program
The Social Security program has benefitted many Americans since its inception in 1935. However,
Social Security faces many challenges. This paper will provide a general overview of the Social
Security program, highlight concerns with the current system and outline some methods to reform
Social Security. Some may argue the program will continue to provide uninterrupted benefits for the
foreseeable future with no issues. However, Social Security reform is essential to ensure the
program will continue to benefit Americans and not create a financial burden on future generations.
Social security initially provided benefits for a more narrow scope than it does today. It was
designed to benefit the elderly, unemployed and widows with children.
Since ... Show more content on Helpwriting.net ...
Put simply there aren't enough people paying into the program compared with the number of people
being paid by the program. This ratio problem has many contributing factors and includes more and
more baby boomers retiring, longer average life spans, and a lower fertility rate in the United States.
According to Mueller,
"One of the reasons for Social Security's continuing deficits is the influx of retirees, which is putting
a strain on an already strained system. Every month,
Maxim 3
250,000 more baby boomers turn 65, with many dropping out of the workforce. In
2010, 10 percent of boomers were retired; in 2014, that number had jumped to
17 percent."(Mueller, 2)
This "influx" is moving the contributor to beneficiary ratio in the wrong direction. As far as longer
lifespans, if Americans are living longer but the average retirement age is not moved higher than
obviously they will spend more time collecting benefits and further push the program into debt. This
argument is also supported by "The Challenge of
Democracy"
When the program began, it had many contributors and few beneficiaries...nine workers supported
each beneficiary. As the program matured and more

Social Security Conforming
Transforming of Social Security in the hands of three Presidents Social Security is a system that is
prevailing in several nations for their citizens' welfare, which was initiated in the US in 1930's. It is
interesting to see how it has transformed in the hands of some of the US presidents. Ever since it
was originated, it has been on the ramp getting modified constantly in such a way that it meets the
needs of the Americans. According to the definition, Social Security is a federal insurance program
that provides benefits to retired people and those who are unemployed or disabled*(
http://www.investopedia.com/terms/s/socialsecurity.asp). The concept of social security was first
introduced by Francis Townsend; an American ... Show more content on Helpwriting.net ...
By the time John F. Kennedy took office on January 20, 1961, social security has shown significant
changes since FDR's presidency (More changes by President Truman than Eisenhower). JFK's New
Frontier domestic program brought several changes to social security by the time he left office.
President Kennedy established new Social Security Amendments in 1961. It provided new benefits
to 4.4 million people which added up spending about $800 million in the first year. It increased
minimum monthly retirement benefit (65 yrs.) from $33 to $40 along with the minimum monthly
disability benefit. It provided benefits for 2,175,000 people, spending about $170 million during the
first year of operation. It gave the option of early retirement at the age of 62 years in which 560,000
people benefited ($440 million) in the first year of initiation. The policy (Public Assistance
Amendments) to get insured was liberalized by letting a worker get insured just with one quarter of
coverage for every year after 1950. Under this amendment, the worker can get the benefits of
disability, death or at the age of 65 years. There were increases in benefits for aged widows,
widowers, and surviving parents from 75% to 82.5% of worker's retirement benefit. In the first year,
it affected 1,525,000 people by $105 million. The amendments established a period of disability
where a person may file for eligibility

Social Security Essay
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 Security is financed.
4. How you earn Social Security work credits. ... Show more content on Helpwriting.net ...
The smallest payment ever made was for 5 cents.
08/10/39 The Social Security Amendments of 1939 broadened the program to include dependents
and survivors' benefits.
01/31/40 Ida Fuller became the first person to receive an old–age monthly benefit check in the
amount of $22.54. Miss Fuller died in January 1975 at the age of 100. During her 35 years as a
beneficiary, she received over $22,000 in benefits.
11/19/45 In a special message to Congress, President Truman proposed a comprehensive, prepaid
medical insurance plan for all people through the Social Security system.
08/01/56 The Social Security Act was amended to provide monthly benefits to permanently and
totally disabled workers age 50 through 64 and for adult children of deceased or retired workers, if
deceased before age 18.
06/30/61 The Social Security Amendments of 1961 were signed by President John F. Kennedy,
permitting all workers to elect reduced retirement at age 62.
07/30/65 President Lyndon B. Johnson signed the Medicare bill into law.
12/30/69 President Nixon signed the Federal Coal Mine Health and Safety Act. Monthly cash
benefits were provided coal miners who became totally disabled because of "black lung" disease,
and for their dependents and

Essay on Social Security
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 had a unique
number that the government used to keep track of a person's earnings and the taxes collected from
those earnings that went to finance Social Security benefits. The Social Security Act is an act in
which ... Show more content on Helpwriting.net ...
Amendments in the 1950's, 1960's, and 1970's defined specific earnings limits and allowed benefit
payments to be reduced rather than entirely eliminated when these limits were exceeded. Since
1983, those 70 or older have been able to continue working without any earnings limits.
Amendments to the Social Security Act passed in 1996 relaxed earnings limits for senior citizens
who had reached full retirement age. Amendments in 1999 created stronger incentives and better
supports for the disabled to engage in productive work. In 2000 Congress entirely eliminated the
earnings limit for seniors who had reached the full retirement age, giving more seniors the freedom
to work without reducing their Social Security benefits.
Several federal agencies today support and administer the various Social Security programs. The
programs associated with Social Security include Old–Age, Survivors, and Disability Insurance
(OASDI), Medicare, Unemployment Compensation, and Supplemental Security Income (SSI). For
people who have worked for a living, OASDI and Medicare provide support during their older years
and when they have stopped working. Unemployment Compensation provides temporary financial
help during periods between jobs. SSI provides income to people who cannot work for various
reasons. The OASDI

"On a daily basis senior citizens face a choice between buying food, paying the rent, or buying
medicine. Senior citizens slice pills into halves because they can't afford their full prescriptions."
(Federal News Service Sept. 2002)
Social Security is what keeps many elderly and disabled Americans from being stricken by poverty
every year. Without Social Security in our society 15.3 million elderly would have incomes below
the poverty line, however after Social Security was added to the equation only 3.8 million elderly
have incomes below poverty. What happens in the insurance program is that you work for most
employers and pay social security taxes. Some employers can opt out of the program e.g.
universities, governmental agencies and religious ... Show more content on Helpwriting.net ...
Over the 40 or 50 years when workers are employed, between $3.3 and $4.2 trillion of additional
goods would be produced and available at retirement. This would provide an added $12,000 or
$16,000 in goods for every man, woman, and child in the United States. These estimates are based
on static analysis, meaning that we assume nothing changes in the future. If, however, productivity,
incomes, and population rise, as they are sure to do, the gains will be even greater. Under the present
system, no new goods will be produced and workers will be poorer by the sums just cited. Social
insurance sounds good, but the result is fewer goods than with free–market

Social Security And Retirement Practices
According to Moody & Sasser, "critics of retirement as it exists today have pointed out to the
rigidity of retirement practices. Retirement is typically an all–or–nothing proposition. Would it not
be better to have some form of flexibility or phased retirement, in which employees gradually
reduce their work hours or take longer vacation? The thinking goes that such an approach might
enable older workers to adjust better to retirement and permit employees to make gradual changes
instead of coping with the abrupt departure of a well– integrated employee. Retirement could be
radically redefined in the future if phased retirement were to take hold. (p. 425).
Will social security be there for young people? Many young people believe that ... Show more
content on Helpwriting.net ...
This year over 50 million
Americans will collect almost $614 billion in social security benefits. Nine out of every ten
individual age 65 and over collect social security and social security represents over half the income
of two thirds of these beneficiaries. Social security is thought of as a retirement program but some
people may need social security protection before retirement. Social security protects people if they
were to become disabled and protects families in the event of death. Over two million children and
surviving spouses receive survivor benefits form someone that is deceased.
Social security explain an estimate of your monthly benefits if you were to become disabled or
benefits for your surviving children and spouse. (Social Security Administration, n.d)
Many people are not aware that after the program gets depleted, that it can pay benefits at a reduced
level. About 10, 000 baby boomer are expected to retire every day which is the cost of the program.
The number of American retiring in 2033 will change from 44.6 million to 77 million. In the
meantime, workers paying into social security will fall from 2.8 to 2.1. This is a retirement crisis
that Generation X and millennials will have to face. Lawmakers will have to reduce benefits or raise
revenue for the program or both. Changes that are preferred are raising payroll taxes from 6.2 to 7.2
over 20 years, increasing the cost of living by basing it on inflation and raising social

Essay on Social Security
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 to
me 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
pertinent material for this particular project that I truly learned how markedly beneficial social
security will be after my eventual retirement. Reflecting on precisely how ignorant I had been to the
issue prior to my investigation, I ... Show more content on Helpwriting.net ...
Once you have reached your retirement age you must notify your employer and the government
agency responsible for paying you benefits
. This is the Social
Security Administration. Arrangements must be made to carry private health insurance over into
retirement, and applications must be filed for government health coverage. While social security is
of great financial benefit to retirees, it must not be mistaken as a financial entity on which people
can live without any other sources of income or savings. Rather, social security income should be
supplemented by money from pensions, investments such as Individual Retirement Accounts (IRAs)
or other means. In addition to providing financial aid to the retired, social security has two other
aspects: Should the worker die before retirement, benefits go to survivors: to widows or widowers
and to children until they reach a specific age, usually 18. Should a worker become disabled, income
maintenance is provided.
Temporary injury, however, is usually covered by workmen's compensation programs.
In the United States social security is a contributory system. Workers and their employers both make
contributions in the form of payroll taxes. A few countries maintain universal pension plans paid
from general revenues. Other countries have assistance for those not covered by social security or
for those whose benefits are inadequate. There

Social Security In America
Since the very implementation of Social Security in 1935 during the time of the Great Depression to
present day, it has been a never–ending source of controversy. As mentioned by Nancy Niles, Social
Security was considered "old age insurance" (Niles, 2011, p. 9). It was designed to help older
Americans, workers who become disabled, and families in which a spouse or parent dies (Niles,
2011). Not only has Social Security played a very essential role in the lives of many Americans
throughout the years, but has also been very important to the economic security of the United States
of America.
Data shows that fifty–five million Americans depend on Social Security and one out of every six
Americans, nearly two out of three seniors depend on Social

The Importance Of Social Security
Social security is not an exclusive policy for only older adults, but includes the American working
class, our American children, the American's who have lost a loved one¬¬¬¬¬¬¬–and are now
receiving life insurance from Social Security, and the disabled American's who have been victims of
work injuries and health problems. According to the Social Security Administration report of June
2015, one in every six U.S. residents, collected Social Security benefits (i.e. approximately 60
million people). Approximately 319 million people live in the United States. In essence, roughly a
fifth of our population is accommodated for under the umbrella of Social Security. President
Franklin Roosevelt enacted the policy of Social Security during a time of great change for the
American working class. It offered a successful program that would administer to those entering
retirement, social insurance protection for workers who become disabled and to families' morbid
main income earners. According to the Social Security Administration 2015 data, approximately 78
percent of the beneficiaries are retirees or elderly widow(er)s. Roughly 18 percent of the
beneficiaries are disabled, and around 3 ... Show more content on Helpwriting.net ...
However, Social Security is facing big problems, such as the large baby boomer generation (i.e.
born between 1946 and 1964), the alleged budget surplus, and the impending doom of Social
Security will be a result of government's wasteful spending of Social Security surplus funds. As a
result of government irresponsible spending, the government will be incapable of repaying the debt
it owes to the Social Security system as well as the interest (Smith 47). Therefore, we as the people
need to be aware of how taxes will be cut and how new spending programs will be implemented. We
need to be vigilant to the actions of government and keep their power in check; otherwise it will
have severe consequences on the future generations of

August 14, 1935, social security was made official when President Roosevelt signed the Social
Security act. Social Security was designed to help support Americans after the world war one. It
gave citizens a sense of stability. It provided a retirement plan and other benefits to u.s citizens
including disability. Today, social security has moved from being extra help, to a fundamental need.
Many times we see people who have nothing accept social security to provide them an income. We
can look through the system and even find whole families on benefits. Yes, a lot of these families
need the extra help, but social security is supposed to be of help, and not to provide every penny to
families. Social security, and welfare ... Show more content on Helpwriting.net ...
Close to half of the U.S population is receiving benefits funded by the government in some form or
another. Not only do citizens need welfare, but children born to illegal immigrants in the united
states, can qualify as well with their families. this brings our total welfare up past half way.
People who don't always qualify for benefits will sometimes try to cheat their way into the system,
in some cases, they qualify for benefits but can grow out of them by getting better. They then try to
stay on benefits by not letting their representative know that they are working again, or whatever the
case may be. All of these examples are ways that people have and do cheat the system. If and when
they are caught, they can be fined large amounts, and get into big legal trouble. when people get
caught, they can sometimes even be sent to

Social Security
Social Security History, Current Structure and Calculation of Benefits The Social Security Act was
implemented in 1935, after the stock market crash had wiped out the savings of millions of
Americans, the nation reached out to their president to guarantee the elderly a decent income. The
original Act provides retirement benefits payable to a person 65 years and older who were no longer
working. There were very few people that had access to pension from their employers and through
government pension programs. Most of the elderly lacked enough income to be living on their own
without working. The Social Security Act was enacted at the urging or President Franklin D.
Roosevelt to create a social insurance program that ensures workers ... Show more content on
Helpwriting.net ...
The U.S. needs to help their people first before helping others. If the government would make cuts
in foreign aid it can save million sof dollars, this doesn't completely solve the future deficit of Social
Security but it helps from the government having to borrow more money from it. Social Security is
more than a retirement program because you may receive Social Security if you are disabled, a
spouse or a child of a worker whom passed away, a dependent parent of someone whom passed
away. Depending on the situation you may be eligible for Social Security at any age. Social Security
in fact pays more benefits to children than any other government program (2015, June 1). The
benefits of Social Security are retired worker, survivor benefits , disability and Medicare. Average
monthly benefits for retired worker is $1,328, retired couple $2,176, disabled worker $1,165,
disabled worker with a spouse and child $1,976, widow $1,274 and widow with two children
$2,680. Medicare has several parts to it, hospital insurance helps pay for inpatient hospital care and
certain follow ups (Part A). Part B helps pay for doctors' services, outpatient hospital care and other
medical services. Part C is Medicare advantage plans that are available in many areas, people with
parts A

On August 14, 1935, President Franklin D. Roosevelt signed the Social Security Act into law and
proclaimed that it was a cornerstone, the foundation of a structure to be maintained and built upon
by and for future generations. Social Security benefits cannot protect Americans against all risk;
however, as the President said, it could decrease undue hardship for old age, disabled workers and
their families. Since the law was enacted, we as a nation have built the Social Security system
cautiously and purposely. In 1939, we added Survivors Insurance, which extended benefits to
widowers and dependent children of retired workers. Disability Insurance benefits were added in
1956 for individuals displaced due to a disability, followed by Medicare ... Show more content on
Helpwriting.net ...
On average, Social Security benefits were $14,006 per year in 2013, and $14,777 for retired
individuals. Almost two–thirds (64.6 percent) of elderly couples and unmarried recipients depended
on Social Security for half of their income or more in 2012. The program elevated 22 million
Americans out of poverty in 2012, including 1 million children. Social Security benefits are
particularly important for disabled workers. Social Security Disability Insurance (DI) benefits
provide 75 percent of the income or more for nearly 6 in 10 non–institutionalized beneficiaries.
Nonetheless, 1 in 5 DI beneficiaries remains in poverty. Through payroll tax contributions, nearly all
American workers earn Social Security's retirement, disability and survivorship protections for
themselves and their families. Social Security is the primary disability and life insurance protection
for most Indiana workers. Social Security provides a middle–aged worker with a spouse and two
young children, earning $30,000–$35,000, disability and life insurance protections worth about
$583,000 and $550,000,

Social Security Exclusions
As complex as it can be, there's one simple thing about Social Security claims – they all follow the
same rules. Someone can come to me to talk about Social Security benefits, and I'll know the rules
that apply because the same rules apply to everyone. The same is not true for private disability
insurance policies – these often have sneaky little exceptions and exclusions that nobody told you
about when you signed up for long term disability (LTD) coverage at work, or purchased a disability
policy from an agent. Knowing about these exceptions ahead of time may help you avoid a nasty
surprise later.
One of the most common differences between Social Security's disability program and employee
LTD plans is the "pre–existing conditions" exclusion. Most LTD policies contain a clause that says
that if you leave work with a disability less than one year after you signed up for LTD coverage,
then any medical conditions you received treatment for in the months before your coverage took
effect are excluded. Most of the time, this hits new employees, but sometimes strange circumstances
cause it to affect long–time ... Show more content on Helpwriting.net ...
Anyone who has disability insurance, whether through work or purchased from a private insurance
agent, should carefully review the exclusions and limits in those policies. In certain cases, it may be
best not to count on the coverage you got from work and get your own, better, policy from a private
agent. Other people may be able to avoid the application of certain terms, like pre–existing
condition exclusions, by hanging on and staying at work a few months longer before filing a
disability claim. In any case, forewarned is forearmed. Everyone should know what his or her policy
does and does not cover before they need to file a

The Social Security Act
A. Is Shirley Caretaker disabled within the meaning of the Social Security Act in that she meets the
requirements of the disabling listing for 12.04 affective disorders in 20 C.F.R. Appendix 1 to
Subpart P of Part 404–Listing of impairments? With respect the answer is yes for the reasons stated
in the Argument section of this brief.
B. Is Shirley Caretaker disabled within the meaning of the Social Security Act in that she meets the
combined requirements of the listings for 1.01 and 1.02(a)(b) musculoskeletal and major
dysfunction of a joint (due to any cause) in 20 C.F.R. Appendix 1 to Subpart P of Part 404–Listing
of impairments? With respect the answer is yes for the reasons stated in the Argument section of this
brief.
C. The report of treating physicians of Ms. Caretaker have not been given the weight required by the
Social Security Act and implementing regulations as interpreted by opinions of the courts of the
United States.
Statement of the Facts
Shirley Caretaker is a 56 year–old widow who spent the last twenty–five (25) years working in the
health care field as a Certified Nurse's Assistant and Licensed Practical Nurse. Ms. Caretaker's job–
related knee pain was worsened by a work related accident, which also injured her hip and back. She
cannot sit or stand for more than 30 minutes at a time, or walk for more than 10 minutes. Pain in her
upper back radiates up her neck and through her fingers, which causes her arms and fingers to
periodically feel

Social Security And Economic Security
In 18 years, Social Security benefits could drop so that millions will not have the money to survive.
On the other hand, it could not exist entirely. Social Security funds are sinking due to its history, its
inability to obtain funds, and the retirement of the Baby Boomer generation. To make a truly
accurate evaluation of Social Security one must look at the past, present, and future of the program
which is depicted in the following paragraphs through the program's history, its costs, and finally
possible solutions to improve the program.
History
The idea for Social Security began when the Great Depression was at a climax, leaving retirees in
intense poverty. One of the ways that President Roosevelt helped to combat this great poverty is ...
This allowed for the program to acquire funds that could be used if spending on benefits exceeded
the income from taxes. Instead of being used as benefits, these funds were used to subsidize other
government programs. In their place stands United States treasury bonds. According to Dr. Allen W.
Smith, a professor of Economics at Eastern Illinois University, "Instead of this being a proud day for
America, April 20, 1983, has become a day of shame (Smith)."
Costs
Currently, there are many concerns over the continued solvency of Social Security. Moreover, in
2009, when the output of funds exceeded the income, Social Security began "running in the red."
Owing to the fact that the worker–to–retiree ratio reduced to 2.8 workers per every retiree, over five
times less than the 1950 ratio of 16 workers for every retiree. The change was a result of the
retirement of the Baby Boomer generation (Wiley). Today, 14 percent of the population is age 65
and over, which is expected to increase to 23 percent by 2080. Likewise, the working population is
60 percent today, yet is estimated to be 54 percent in 2080 (Reznik). The result of this depleting
fund is an estimated Social Security "death" by 2033. After 2033 only 77 percent of those benefits
will not be solvent (Greszler). This is a huge fright to the 20 percent of current recipients that
depend on Social Security for all

Social Security
Social Security at 80:
Time to Retire? or Revise In 2015, America's Social Security System turns 80 years old. The
original act was a landmark bill, as it was the establishment of America's safety net. The promise of
the act was to ensure that America's retirees would have some protection from poverty. Since the
Social Security Act of 1935 was passed, the social safety net has been expanded to cover additional
groups and classes of people. The most important additional programs established being MediCare
and MedicAid. After years of running a surplus, Social Security has reached an inflection point. At
the current rate of drawdown, the trust fund will run dry, and Social Security will begin to operate as
a pay–as–you–go program, ... Show more content on Helpwriting.net ...
This act created Medicare Part D which was the introduction of prescription drug coverage. Since
1965, prescription drugs have become more common but were excluded from the original 1965 act.
The law was meant to address the increasing dependency of elderly on prescription drugs to manage
chronic illnesses. Unlike the Veteran's Affairs prescription drug benefit plan, the MMA does not
allow the federal government to negotiate drugs prices. This has become a contentious point because
the same drug can cost the VA 50% than the same drug under Medicare.
Demographic Issues Affecting Social Security, Medicare and Medicaid The overriding issue facing
Social Security, Medicare and Medicaid is the changing of America's demographic makeup. Shortly
after the close of the Second World War, the U.S. saw a dramatic rise in fertility, called the Baby
Boom generation. The sharp rise and following fall of U.S. fertility produced what is often called a
demographic dividend. The demographic dividend provided by these workers coincided with an era
of unparalleled economic growth for the United States and the rest of the world. But the
demographic dividend provided by the Baby Boomers is coming to an end. Beginning in 2011, the
Baby Boomers began to retire and the aged dependency ratio is set to markedly increase. The Social
Security Administration estimate that the U.S. aged dependency ratio will rise to 35% in 2030 from
the 2010

Future Of Social Security Essay
Social Security and a Brighter Future
Declining pensions and rising health care costs and shrinking home values and savings accounts
make Social Security more important than ever before. This paper will focus on the U.S. Social
Security system exploring 1.) The principles and history of the U.S. Social Security system, 2.)
Issues surrounding the negatives and positives of the system, and 3.) The future of our U.S. Social
Security system. It is with all intentions to leave you with an understanding of the role and purpose
of Social Security, how it affects you and how to keep Social Security alive.
Principles and History
The Social Security Act first evolved in 1601 from England's development of "Poor Laws". These
Laws were the first to address the responsibility of the state to provide for the welfare of its people.
When the settlers came over to America they had adapted many things from the English, one being
the idea behind the "Poor Laws", which is what led to the Social Security Act that was signed into
law by President Roosevelt on August 14th 1935. This act was created to be a social insurance
program to pay retired workers age 65 or older a continuing income ... Show more content on
Helpwriting.net ...
Employees pay 6.2 percent of up to $118,500 and employers pay another 6.2 percent. That money is
used to pay social security benefits to: people who already retired; people who are on disability;
survivors of workers who have died; dependents of beneficiaries. Any unused money goes into a
Social Security trust fund. Well Kind of, the money actually goes to buy bonds from the U.S.
Treasury and then Congress can use your money how they see fit. So essentially the government can
take your earnings that you no longer have any entitlement to and spend them on other affairs.
However, if you have paid into Social Security then the government owes you Social Security
benefits. It becomes just a matter of how are they going to do

Social Security
The Inevitable Future
Retirement and Social Security issues have become local, national, and international concerns that
will also affect each of us on a personal level. Social Security benefits began in 1935 when the
depression hit and put many elderly people out of work (http://ssa–custhelp.ssa.gov). Social Security
has been around for over 70 years providing a dependable monthly income with automatic increases
as the cost of living increased. The Social Security Administration reports that workers need 70–80
percent of pre–retirement income once retired and Social Security only provides about 40 percent
(www.ssa.gov). The depletion of funds is becoming a great concern and is also getting worse with
each generation. Social ... Show more content on Helpwriting.net ...
The money available for retirement is a critical factor in determining when a person can afford to
retire. If there isn't enough money to live off of and receive on a monthly basis then it will prolong
my retirement and I may have to keep working. Other things that I see an increase in are
homelessness and poverty rates because these things happen when people aren't receiving adequate
income to support themselves, especially the ones who are disabled and unable to work. Although
this is worldwide concern and most of it is out of my control, I know I can be proactive and take a
step to get ahead to save for times like these. Setting up a 401K when I am of age through future
employment, contributing to an IRA, or investing might be good choices to plan for retirement. This
way if Social Security benefits didn't exist any longer I would have another source of funds for
living when I choose to retire. Social Security was once considered "Americas Family Protection
Plan", because it is not only for those who are retired, but it also provides disability and survivors
insurance protection (http://www.ssa.gov). This crisis will have a great affect on many people,
therefore regardless of age everyone should have a concern. If it doesn't affect them specifically it
will affect others that they care about including, friends, parents, kids, and

Social Security Goals

Recommended

Recommended

More Related Content

More from Sheila Guy

More from Sheila Guy (20)

Recently uploaded

Recently uploaded (20)

Social Security Goals