Ageism is a very large problem in America today. Many elderly people are being forced out of their jobs for a younger generation to take over. With many elderly losing their jobs and still needs to make ends meet they need assistance. Medicare and Social Security are two very helpful systems for the elderly. With these two system in place many retirees are able to enjoy their retirement without having to worry about doctor visits or financial steadiness. These two systems is what makes so people can retire and enjoy what they have so long and hard worked for. Medicare is a very helpful system for many elderly people. Medicare covers people over the age of 65 or for younger individuals who are disabled. “Medicare, covers about 43 million elderly
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Social Security works by giving a individual a income based off how long they were in the workforce and how much the individual earned. Senior citizens are the main recipients of social Security. Social security covers about 38 million retired and 10 million disabled people. For more than half of the senior citizens social security is their main source of income in their household. Social Security is a lifetime income that protects retired and disabled seniors from worrying about financial problems. “At the time the social security system was established, the elderly constituted 5% of the population (Moody 2006), and the average life expectancy was about 50 years of age (Curl and Hokenstad 2006).” “The proportion of the elderly in 2000 grew to 12%, and is projected to increase to 21% by 2050 (He et al. 2005).” With the growing rate of elderly it is presumed that they will increase to such a number that there will be more retired than workers. With that being said this would mean that Social Security would run into a major problem. “The Social Security and Medicare Boards of Trustees (2007), a nonpartisan panel responsible for reporting on the financial status of the Social Security Trust Funds, projects that tax revenues will fall below actual program costs in 2017. This is the year when the program will spend more than it receives through payroll deductions.” With this being said it means the government would have to pay for the rest of Social Security since the work people would not tax enough to pay for social security. Making it much harder for those that are retired if the government decides not to pay the rest for Social
Social Security works by giving a individual a income based off how long they were in the workforce and how much the individual earned. Senior citizens are the main recipients of social Security. Social security covers about 38 million retired and 10 million disabled people. For more than half of the senior citizens social security is their main source of income in their household. Social Security is a lifetime income that protects retired and disabled seniors from worrying about financial problems. “At the time the social security system was established, the elderly constituted 5% of the population (Moody 2006), and the average life expectancy was about 50 years of age (Curl and Hokenstad 2006).” “The proportion of the elderly in 2000 grew to 12%, and is projected to increase to 21% by 2050 (He et al. 2005).” With the growing rate of elderly it is presumed that they will increase to such a number that there will be more retired than workers. With that being said this would mean that Social Security would run into a major problem. “The Social Security and Medicare Boards of Trustees (2007), a nonpartisan panel responsible for reporting on the financial status of the Social Security Trust Funds, projects that tax revenues will fall below actual program costs in 2017. This is the year when the program will spend more than it receives through payroll deductions.” With this being said it means the government would have to pay for the rest of Social Security since the work people would not tax enough to pay for social security. Making it much harder for those that are retired if the government decides not to pay the rest for Social