k related, are made to support themselves not only today, but to support themselves in the future financially. Some believe that one must save constantly throughout their lives and build up. Only for retirement. Others don't save, or are incapable of saving either due to income, disability, or circumstance, and depend on social security to help support them financially. Most people save for higher education for themselves, their children, or their own retirement, but in the instance where one is no longer working, loses a spouse, or is physically incapable of working, they can fall back onto their savings, or government assistance to help support them. However, when mass financial instability occurs in a country, it damages their economy greatly.
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During the English poor laws, the poor were distinguished between the “deserving” and “undeserving” which was a very harsh way to distinguish between the two. Those considered “undeserving” were often whipped in the streets, and were seen as social pariahs branded with the letter “P” on the outside of their clothing. In no way was society accepting of the poor, and this often discourages people from openly seeking financial assistance.Many opposed social security considering it was funded locally through taxes. People couldn't understand why they should work to help support those who didn't work and were in poverty. Today in the united States, the view on social security has drastically changed. Many accept that now that people are living to be older, it's no fault of their own that they can't work, and that one day they will also receive the same compensation. Jasmine V. Tucker, Income Security Senior Policy Analyst, says that, “Americans are willing to pay more to keep Social Security strong. About 8 in 10 say it is critical to preserve Social Security even if it means increasing the Social Security taxes paid by working Americans.” The social acceptance of social security has enabled more people to receive social security without the fear of persecution. When people feared social …show more content…
Compared to the life expectancy in the 1800s which was approximately 40 years old, the life expectancy of today has double. This increase in life expectancy is due to changes in environmental standards, increased standards in sanitation, medications, and other medical discoveries. The first vaccine being in the late 1700s saved many lives but made no major impact on the average life expectancy itself. However, a very sharp increase occurs in the 1900s due to the hundreds of vaccines made during early 1900s, as well as many medical advances that were made during that period of time. With people living to be older, all of the sudden these people had to save money to support themselves once they were no longer capable of working. This occurred at the same time as the Social Security Act of 1935, and it seemed like an obvious choice to most people to not worry about saving their money, but rather pay their tax and receive compensation later in their lives. At this time, more people were willing to receive this compensation because it was more widely accepted. As stated previously, being impoverished and receiving help was widely frowned upon, and shamed in
During the English poor laws, the poor were distinguished between the “deserving” and “undeserving” which was a very harsh way to distinguish between the two. Those considered “undeserving” were often whipped in the streets, and were seen as social pariahs branded with the letter “P” on the outside of their clothing. In no way was society accepting of the poor, and this often discourages people from openly seeking financial assistance.Many opposed social security considering it was funded locally through taxes. People couldn't understand why they should work to help support those who didn't work and were in poverty. Today in the united States, the view on social security has drastically changed. Many accept that now that people are living to be older, it's no fault of their own that they can't work, and that one day they will also receive the same compensation. Jasmine V. Tucker, Income Security Senior Policy Analyst, says that, “Americans are willing to pay more to keep Social Security strong. About 8 in 10 say it is critical to preserve Social Security even if it means increasing the Social Security taxes paid by working Americans.” The social acceptance of social security has enabled more people to receive social security without the fear of persecution. When people feared social …show more content…
Compared to the life expectancy in the 1800s which was approximately 40 years old, the life expectancy of today has double. This increase in life expectancy is due to changes in environmental standards, increased standards in sanitation, medications, and other medical discoveries. The first vaccine being in the late 1700s saved many lives but made no major impact on the average life expectancy itself. However, a very sharp increase occurs in the 1900s due to the hundreds of vaccines made during early 1900s, as well as many medical advances that were made during that period of time. With people living to be older, all of the sudden these people had to save money to support themselves once they were no longer capable of working. This occurred at the same time as the Social Security Act of 1935, and it seemed like an obvious choice to most people to not worry about saving their money, but rather pay their tax and receive compensation later in their lives. At this time, more people were willing to receive this compensation because it was more widely accepted. As stated previously, being impoverished and receiving help was widely frowned upon, and shamed in