Social Security In The Future? Maybe Not

2275 words - 9 pages

Social Security In the Future? Maybe Not

     It was early spring in the year 2048 and my bithday was coming up this
August 26. I would be turning 70 years and retirring. I am not looking forward
to it as much as I thought. My whole life I dreamed of moving to Florida and
living on the beach when I retired. I planned on traveling a lot seeing the
great sites the country has to offer. All of these plans have changed instead
my yougest son is putting an addition on his house so that I could move in. I
am very thankful for what he is doing, but I really don't want to go. I want my
privacy and I'm sure he wants his too. There is no other choice I worked as
long as I could but I'm just getting to old. We all agree that I am not going
into a nursing especially me. If the government would have told us that they
couldn't solve the Social Security crisis almost 30 years ago I would have
prepared better. But instead they promised they could save it and the program
would still be aruond when I retired. They obviously lied and now I have
nothing. Moments later I hear music its my alarm clock. It was only a dream its
April 1996 and I'm 18. The article about the Social Security in the paper had
me thinking and I must have a bad dream.
The Presidential election will be coming up this November ‘96 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) feel 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 fearing that they will never receive Social Security, and the money
they put in would be a waste. Many politicians are afraid to touch this issue
because the elder still make a large number of the voting block. Speaking as a
member of Generation X it is our duty to vote for change in Social Security to
ensure we will have something to look forward to when we retire. We can not
wait any longer to defeat this crisis.
     The Social Security crisis is the threat of the Social Security system
going bankrupt. Well its more than just a threat its the reality. The common
belief is that Social Security is a saving fund where the government takes a
certain percentage out of our weekly pay. Then that money is put into a savings
fund where it is held until we retire. When we retire the money is returned to
us in monthly checks plus the interest. This is where we are wrong. Social
Security is a pay-as-you-go system where the current workforce pays for the
present retirees, and then when they retire they will depend on the younger
workforce to pay for them and so on and so on. Which is fine when you always
have more workers then retirees. This is the problem the government will face
when the Baby Boomers retire in the...

Find Another Essay On Social Security In The Future? Maybe Not

Crisis in the Social Security Administration

2354 words - 9 pages with. Citizen Participation An agency operating in assisting the needs of the public should not only eradicate the top-down bureaucracy within the government, but also between the government and the citizens. The top-down system lacks efficient operation and sensitivity to the feelings and opinions of the consumers. It is important for the consumer to have a direct voice in the social security services; consumer opinions should be held to a

The Future Security Environment in the Middle East

701 words - 3 pages The Future Security Environment in the Middle East The future trend of security issue in the Middle East has shaped into regional environment by many different forces such as fears of interstate aggression, Arab-Israeli conflict, Weapons of mass destruction (WMD), terrorists, social change, economic problems, and new information technologies. These forces influence U.S. national interest and create some potential threats to these

A Brief Analysis Of Social Security In The United States

820 words - 4 pages In the United States, before 1935, very few workers in the United States worked in jobs covered by pensions. Of those with coverage, many never received any benefits because their benefits were not guaranteed.The original Social Security Act was passed in 1935. It had two components: a Social Security retirement benefit that applied only to workers and a welfare program for the needy elderly called Old Age Assistance. The welfare program was

Social Security Policy in Brazil

998 words - 4 pages assistance, the worker must have contributed to social security for at least twelve months prior to becoming ill. Workers who were already sick, or injured prior to joining social security are not entitled to the sickness benefit. Periodic visits to the doctor are required in order for the insured to keep their assistance. The monthly earnings for the sickness benefit are the same as the maternity benefit. Disability benefits are issued to those

The History of Social Security and Social Security Administration

1452 words - 6 pages Social Security and Social Security Administration Michael Jones worked his whole life. At the age of 15 he started as a dishwasher at a restaurant a mile away from his house. He never graduated high school because he had to quit school to help his single mom support a family of six. There were many times in his life where he worked two jobs, but at minimum-wage, if that, 80 hours a week still did not go far. By the age of 20 he was married, and

America is NOT our best hope for the future. Exploring America's social and political loyalties and current policies

1600 words - 6 pages Our ideal future is not one that is unstable, mono-cultural and plutocratic in nature.America is NOT our best hope for the future.Americas track record- domestically and internationally has been an 'America First' policy. If the wider global community, and that includes Australia, would even think about a policy or adventure that would not be beneficial to America, America will simply ignore it, or, in the extreme, put all its power against it

Social Security: Will it Ensure Security in Retirement?

2188 words - 9 pages Security predict the system bankrupting, even without the government removing funds to reduce the general budget shortfalls, but many deny the probability of a crisis. A bankrupt system cannot provide a secure future for individuals and their families, and even if a Social Security bankruptcy is not in the future, the benefits are relatively low. Taking the time to plan and save for retirement can mean the difference between a poor standard of

Throw Your Hands in the Air Maybe You´ll Hit a Drone

1090 words - 5 pages Throw Your Hands In The Air…Maybe You’ll Hit A Drone It is never too early to be concerned about the future. Especially if the argument and the justification for concern can be made now. Jeff Bezos’ of Amazon has proposed a drone fleet that will venture into an unfamiliar frontier of package delivery, bringing customers all orders under 5lbs their package by one of Amazons specially designed “octocopters”. Though this plan is nothing more than

Security and Privacy in Social Media

1797 words - 8 pages limitations on the information that various surveillance companies have access to. Unfortunately, devices used today contain high-technical software that the average person does not understand and cannot change. At the present time there is not a universal design to protect the privacy of individual’s data while using social networks. It appears that there are more problems than solutions to security and privacy in the social media. However

Privacy and Security in Social Networking Sites

1918 words - 8 pages . For example, Facebook Timeline – much like other social network websites – has adjustable settings that permit you to alter your security settings in order to restrict or not restrict your information at any given moment. The first aspect deals with limiting the amount of information you share publicly, whereas the second deals with providing full transparency to the information you share. As a result – and because these options deal with

Current Events 2006 in Medicaid and Social Security decisions in the Legislature

664 words - 3 pages Crutsinger, Martin, AP Economics Writer. "Social Security, Medicare Trust Funds Sink".Http://news.yahoo.com/s/ap/social_security;_ylt=AnVFL3PRI0hn2_h0PUu z3Jes0NUE;_ylu... 5/1/06In Washington, the trustees for the government's two benefit programs said Monday that the trust fund for social security will be depleted in 2040, a year earlier than expected, while the Medicare will exhaust its funds just 12 years from now. The Medicare problems are

Similar Essays

The Future Of Social Security Essay

744 words - 3 pages adjustments in the smallest increments can make the largest impacts on the system of Social Security. Young people and many others are convinced Social Security will not be there when they reach the retirement age. Some proclaim it will only become a monthly allowance from the government, not providing for all the needs one requires. After years of paying into the system, the return will be insubstantial for adequate living. Retirees will have to look

The Future Financial Status Of The Social Security Program

1172 words - 5 pages characteristic that benefits can only be paid within the framework of trust funds assets that can be drawn to cater for members’ benefits. These trust funds cannot borrow when the reserves are not enough to cater for compensation. Existence of assets in future is thus important to cater for interest of members even in future. It is important to analyze the financial status of the social security program since it enables members to be comfortable and to trust

The Past, Present And Future Of Social Security

3124 words - 12 pages , to slightly increase the payroll tax rate, and to raise the normal retirement age from 65 to 67 through a phased in plan beginning in 2003. Social Security was once again in a period of partially forward funding future benefits as the trust funds grew sharply. An unintended result of the success of Social Security is that men in their 60?s are working less, from over half to nearly one-sixth. On April 7, 2000, President

The Social Security Is Not A Ponzi Scheme

1051 words - 4 pages Social Security is not the Ponzi scheme some oppositions may advocate. Social insurance, as envisaged by President Roosevelt, would address the permanent problem of economic security for the elder community by creating a work-related, contributory system in which workers would provide for their own future economic security through taxes they paid while employed. It provided an alternative both to reliance on welfare, and to radical changes