As a young person in the working class of college students, I often get frustrated that I have to pay social security taxes. I know the history of the program and I know that the length that people stay alive after retirement is increasing. Due to this increase in life after retirement people are spending more time benefiting from our social security programs. My grandparents are an example of this. They receive benefits from the government which helps to maintain their comfortable living style. At first, this sounds great until I stop and attempt to figure out how a shrinking workforce, due to the high level of the retirement of the Baby Boomers, is going to continue to pay for this program. At the same time, I also think about why I should
…show more content…
He looks at the long-term projections of our society, not just the current level of workers who are due to retire in the next ten years. He says due to the health of our younger generations if we raise the retirement age we may no longer be able to work that long let alone past it. In spite of increasing life spans the younger generations are experiencing higher levels of obesity, homelessness, and mental health problems. With these examples, Gorin claims that we will not be able to work until sixty-seven let alone past it. This leaves me with questions about if our generation will work past the age of sixty-seven but are continuing to live longer, how are we going to continue to fund government assistance post …show more content…
Despite all of the hype around the “huge” effects of an aging population that has taken place in the United States, other countries such as Italy and Germany are experiencing these effects at a much higher rate than we are. I think this is an important issue to not only look at what we as a country are doing, but also what other countries are doing and how it is showing up and affecting their economies. If we are to change anything around our social security programming it is vital that we have done our research and have looked around at other countries to know what works or what does not before we spend a lot of time switching it over just to find out that it does not work as well as we
He looks at the long-term projections of our society, not just the current level of workers who are due to retire in the next ten years. He says due to the health of our younger generations if we raise the retirement age we may no longer be able to work that long let alone past it. In spite of increasing life spans the younger generations are experiencing higher levels of obesity, homelessness, and mental health problems. With these examples, Gorin claims that we will not be able to work until sixty-seven let alone past it. This leaves me with questions about if our generation will work past the age of sixty-seven but are continuing to live longer, how are we going to continue to fund government assistance post …show more content…
Despite all of the hype around the “huge” effects of an aging population that has taken place in the United States, other countries such as Italy and Germany are experiencing these effects at a much higher rate than we are. I think this is an important issue to not only look at what we as a country are doing, but also what other countries are doing and how it is showing up and affecting their economies. If we are to change anything around our social security programming it is vital that we have done our research and have looked around at other countries to know what works or what does not before we spend a lot of time switching it over just to find out that it does not work as well as we