Social Security Trust Fund

particularly sensitive to current and potential future laws governing immigration”(Melo 607). Additionally, Melo added that, “The prominent role of Hispanic workers in rural America and in labor-intensive agricultural operations such as fruit and vegetable production has raised a number of concerns regarding the status quo of immigration and potential reforms”(Melo 607). Aside from the labor benefits that undocumented immigrants bring to the economy studies have also shown that they have played a key role in prolonging the solvency of the Social Security trust Fund. Furthermore, large percentiles of undocumented immigrants pay taxes, therefore making them huge contributors to the Social Security Trust Fund. Although opponents would argue that they are a people that take away from native born Americans and the government and live on welfare; the truth is that due to the fact that they do not have a social security number they are barred from using many social services. In reality it’s much like the paradox of plenty, they plant but at the end of the day are unable to reap what they sowed; they pay for benefits that they will never be able to use while many Americans are living from the government and the welfare that so many undocumented immigrants or “aliens”; as opponents like to call them; work hard for. (Fitz) It is an embarrassing fact to see that in reality undocumented immigrants bring in to the economy much more than they take out and that while they are hard at work…

Immigration is a politically charged topic, in which debate continues over policies and reform of the system. Some consider the costs of healthcare, education, and social services arguing that undocumented workers add to the national debt. However, as baby boomers retire and more people obtain higher education, economic trends suggest that illegal immigrants are needed in the United States. Deporting illegal immigrants would have staggering consequences for the American economy. Although they…

unplanned events as well as protection using proper limits of insurance etc. On the other hand, I have found that I know very little to reduce taxes so I can repurpose the money to my short, intermediate and long-term goals. Establishing an emergency fund is my number one priority to cover expenses in the event of financial emergencies (Line 1, Worksheet_01). Recently we have depended on our emergency fund to cover the costs of relocation and supplement the loss of my wife’s income as a result…

11/17/14 Privatization of Social Security Social Security is a payroll tax that funds the Old Age Survivors and Disability trust funds (Van de Water). When eligible, employees can receive benefits from these trust funds. Each generation supports the previous retirees. Rather than investing in the trust funds, workers argue that they should be permitted to privately invest their money. Privatization is investing money into personal accounts, stocks or bonds. Privatization is a costly,…

community will provide me with an in-depth understanding of cultural, socioeconomic and political conflicts that has shaped this diverse community in San Diego. Also, since my specialization is in Environment and Security I will be focusing on the how the effects of environmental racism and gentrification have influenced the community to unite together and become vocal on all issues affecting the community. Undoubtedly, I also believe that this is an opportunity for me to give back to my…

Social Security was born on August 14, 1935, when the Social Security Act was signed by President Franklin Delano Roosevelt. When Franklin Delano Roosevelt signed the Social Security Act it was designed to prevent families from going into poverty and act as a cushion for any unexpected losses of income. Social Security is a program that everyone that wishes to participate is involved. Everyone that is legally a citizen or resident and has requested a Social Security number either when they were…

“Isn’t that like the thing old people get?” most millennials will say. Little do they know that “that thing for old people” will have a tremendous impact on their future lives. Social Security has been around for quite a long time; in fact, this summer will be the eightieth anniversary of President Roosevelt signing it into law. In 1935, Social Security was heralded as a social insurance program that would provide economic security and stability to American citizens. Over time, it has become…

Challenges of the Social Security Program and Possible Reforms Social Security has long been a cornerstone of the American life. However, in the more recent years, there have been problems arising with the funding of the social security, with the Social Security Trust Fund to be completely depleted by 2033, and the number of Baby Boomers far outweighing the number of Generation X’ers and Millennials alike. So what are some challenges facing America’s Social Security program today and what can…

maximum. Amounts are automatically adjusted as wages continue to rise. There are two separate trust funds that funds are placed in; the OASI Trust Fund and the DI Trust Fund. All the money that is received by the trust funds is usually used to pay the benefits and operating expenses of the program. If there is expenses or increments not needed they are automatically invested in interest-bearing securities. These interest-bearing securities are guaranteed by the U.S. Government. The income from…

The United States Social Security, the single most depended on welfare program across America, is in danger. Researchers have discovered that the Social Security program, newly named Old Age Survivor Disability Insurance, is deteriorating. Insolvency is deemed the forthcoming issue regarding the downfall of America's largest safety net. By the year 2034, the OASDI trust fund will only be able to pay out 75% of its debt owed to the millions of Americans advancing into their retirement years…