The favor equal to(p) tribute SolutionOUTLINEThesis: An overview of the favor satisfactory Security quandary and what affirmable solutions there might be. I.Social Security 101II.The Privatization of Social SecurityIII.How Privatization would final result the younker and ethnicIV.Bush?s planV.The possible solution(s)VI.Works Cited PageSocial Security 101What is social breastplate? Social security is a retirement program that departs an income for workers and their families during their lives and specially at retirement. It move be the besides source of income for legion(predicate) retired Americans who fork over non made any other provisions for the declension time of their lives. There has also been an inflow in sr. Americans have to acquire ?retirement jobs? in order to adduce their income. some(prenominal) low-income households utilize social security as their only income source. Women and minorities depend on Social Security delinquent to deficiency of edu cation and employment therefore contracting to pass judgment minimum wage positions in which they be unable to save up or invest to supplement social security benefits. Social security also provides income for those people who have become change and can no longer work and for those spouses and children whose wage wage earner has passed away. Many Americans believe that Social Security is bankrupt.
But in worldly concern Social Security will be able to bide paying expose expert benefits until 2053, afterwards that 70 to 80% still could be paid out thereafter for decades. So with this in mind, Social Security is clad ding a semipermanent financial problem but i! t is not a crisis as some are trying to lead everyone to believe. The baby boomers are beginning to retire and will be tapping the Social Security benefits in great numbers. This being the case, a reform is require and the system needs to be alter to be able to pay 100% and be able to continue to provide the benefits it has... If you want to get a full essay, order it on our website: OrderCustomPaper.com
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