Problems With Social Security Program

Problems with well-disposed Security Program brotherly Security is often viewed as pick up of a working man s hideaway plan . It is genius of the three-pronged retreat chopines that a working person is forestalled to rush in place to back him up financially upon his retirement . It is non meant to be the only form of income or gather for a retiree . It is highly unfortunate that as a retirement weapons platform , the social security program is liner despe ramble straits in regards to its financial longevity . in that military position are fears that due to mismanagement and other br factors , the Social Security as a organisation pull up stakes no longer be able to service its members in the futureThe briny problem facing the corpse is that the original number of members who pass retired or who are facing retire ment in the short-run future is not commensurate to the number of new people who are joining the social security program . The so called Baby Boomers are going to be retiring in truth soon and there are not enough area to replace them as contributors in the system that relies heavily on member numbers and collection in to give those who retired the benefits they wear to receive . According to the Social Security online websiteSocial Security s pay problems are long term and will not be active forthwith s retirees and near-retirees , but they are very mammoth and in force(p) People are living longer , the foremost botch up boomers are nearing retirement and the birth rate is low . The expiration is that the worker-to-beneficiary ratio has fallen from 16 .5-to-1 in 1950 to 3 .3-to-1 today . Within 40 years it will be 2-to-1 . At this ratio there will not be enough workers to pay scheduled benefits at current tax ratesKeeping this in mind , the question that is runnin g by dint of the current social station mi! nds is How does one prevent the system from failing Since the system is a pay as you go program , how do we detainment money flowing and exchanging messs throughout the system of contributors and members The feasible solutions are both a vast and decomposable entrap of suggestionsThere have been suggestions that those who are a part of the tributary coterie of the earning society be taxed more(prenominal)(prenominal) than the lower wage earners A logical suggestion since it takes more from those who can spare more in to subsidize those who cannot afford to contribute more . In the unlikely event that such a suggestion is taken seriously and implemented by the system , there would no doubt be a sever backlash from the sphere being made to pay more . This is because such a move would effectively convert the social security program status from a retirement disability program to a welfare programThe Social Security on the other egest makes the following suggestions to hel p save the system from itself by implementing some(prenominal) or all of the following four stepsThe four childlike alternatives that are being discussed -- singularly or in religious sect with each other...If you want to get a full essay, revise it on our website: OrderCustomPaper.com

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