Essay about Social Security And The Security

1738 Words Apr 8th, 2016 7 Pages
During the 20th century, life expectancy nearly doubled, those 65 years or older has increased by ten-fold and this number is expected to double in the next 25 years, increased morbidity means more finances for retirement. Many seniors have worked their entire life and contributed to social security so that they can have financial stability when they retire, but
According to “Matthews & Matthews Berman, “Current predictions indicate that the Social
Security trust fund will run out in 2037 if nothing is done. After this point, retirees can generally expect about 75 cents on every dollar of their scheduled benefits.” (p. 2). The purpose of this study is to advance new knowledge by gaining insight into Social Security: Will It Ensure
Security In Retirement? I will focus on the history of social security, how social security will run out in the near future, the depletion of social security due to increased morbidity, will social security be around for young people and finally, if social security will be enough for financial security. Social security, also known as old age, survivor and disability insurance (OASDI) is a program that pays the United States citizens benefits for old age, survivor and disability insurance. President Franklin D. Roosevelt signed the Social Security Act on August 14,
1935. Since 1941, the board of trustee for social security presents a report on the financial status of the program to congress. The board is made up of six members…

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