Benefits Of Social Security

For over 80 years social security has provided Americans with money after they reach the minimum age requirement. This money has provided retirement money for millions of people across the country but is now in jeopardy. To get an understanding of the current and future situation of social security it’s important to understand what social security is, when it was created, why it was created, and also how it has performed since it was created. After getting an understanding of social security I will then talk about the current state of social security including problems with it and the different arguments that are being made about what should be done with social security. The problems and current situation of social security will also be

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The Obama administration wants to keep people collecting Social Security benefits from owning guns if it is determined they are unable to manage their own affairs, the Los Angeles Times reported.

On August 14, 1935, President Franklin D. Roosevelt signed the Social Security Act into law and proclaimed that it was a cornerstone, the foundation of a structure to be maintained and built upon by and for future generations. Social Security benefits cannot protect Americans against all risk; however, as the President said, it could decrease undue hardship for old age, disabled workers and their families.

The original intention for creating social security was to act as a safety net for retirees, but as time past, there seems to be a great deal of economic issues relating to the program. Social Security was created to help benefit retired workers, spouse and children of deceased workers, as well as workers who have become disabled before retirement. This insurance program provides retirees with a steady income once they retire. President Roosevelt signed the program into law on August 14,1935 (“FDR signs”, 2009). Since then, Social Security has been beneficial for many workers and retirees. In fact, social security has become the main source of income for many retirees.

Eventually everyone wants to retire. In order to do that we need to make and save enough money to live on, but not everyone has the luxury of having financial stability. Since the mid-1930s, the government has tried to ensure that everyone should at least have some income after leaving the workforce. This plan is known as Social Security. Initially created during the New Deal, it was a compassionate program to help prevent elderly people from being destitute and was founded on a sound economic model. However, the government’s failure to predict life expectancy and demographic changes, program expansions to include people with disabilities, and other added benefits have made the program much more expensive and will eventually put Social Security

Social Security was created when Franklin D. Roosevelt signed the Social Security Act on Aug. 14, 1935. The program provided a social protection system based on the idea that if laborers combined a percentage of their wages, they would have the capacity to ensure each other and their families against wage loss due to retirement. Through this national benefits program, Social Security made available a basic level of monthly income to laborers who paid into the system. Although benefits were originally limited to laborers aged 65 years and older, the minimum age at which laborers became eligible for Social Security benefits was lowered to 62 for women in 1956 and for men in 1961.Social Security benefits were originally intended to supplement

Social Security as a whole has been a major part of The United States’ economy for a very long time. Though it is very important form of income to many people, specifically to older citizens, there are many people have opposing views over the branch of the welfare state. In some cases the social security system has been said to be more of a tool used to steal more money from working families. In other cases it is said to be the only reason that some people have not filed for bankruptcy.

I just wanted to include a few interesting facts to go along with your response regarding retirement age that I found interesting. Social Security benefits go beyond the retired worker. It offers disability compensation for a person who is unable to work due to a disability and covers any dependents. If you receive Social Security disability, you are then eligible for Medicare as well. Being married also brings spousal benefits. Once your spouse has applied for his or her own benefits, then you can apply for spousal benefits. This is worth up to fifty percent of your spouse's benefits. For example, if your benefit is worth $500 and your spouse's is worth $2,000 then you can switch to spousal benefits that would be worth $1,000.

In Bonnie Smith-Yackel’s essay My Mother Never Worked she passionately defends her mother after Social Security refuses to grant her death benefit check. Yackel does not realize that Social Security fairly distributes benefits to contributing Americans. Social Security was reasonable to not granting benefits to a woman who never contributed as a wage earner. Hence it would not be fair if benefits are granted to a fraud who never paid wage taxes compared to wage earners who do. Americans who abuse Social Security benefits by committing fraud is unethical and not to mention illegal. Americans that are in desperate need for Social Security benefits require it far more than frauds. By eliminating fraud the government can properly grant social benefits to hard working Americans. Social Security benefits should be permitted to Americans that work and provide back to their country or they are disabled. Also, hard-working citizens that pay their duties will receive back from benefits, including employees that are qualified as disabled. Benefits should not be granted to any citizen that makes no contribution to their country such as, tax deductions from their wages. Furthermore, Social Security needs to reach out to the majority which is the poverty-stricken. By informing the impecunious or immigrants of Social Security it could save them from the misfortune of poverty. Even though, Social Security relieves some citizens from a financial burden there are still many improvements to be

The Social Security program is a very successful over the last 20 to 30 years. As an employee of the Social Security Administration, I have seen hundreds of retiring and disabled worker and families that benefit from the insurance. According to Invanceich, “"the pension portion of the Social Security system was established under the Old-Age, Survivors, and Disability Insurance (OASDI) program. The goal of the pension portion was to provide income to retired people to supplement savings, private pensions, and part-time work." (Invancevich, 381). The program has grown to include Medicare, Medicaid, and people that are not able contribute to the program. The old age program established in 1935 is the basis for current social security insurance.

As time moves forward, and changes our everyday lives, social security benefits has affected our lives drastically. The aids for social security retirement benefits differs depending on age and if your spouse is taking care of a child who is under the age of 16, or disabled, and gets social security benefits on your record, your spouse gets full benefits, regardless of age. With technology progressing daily, it gives the people a chance to receive assistance from the government. The ability to apply online, giving the people access to each get a chance for a lending hand.

The Social Security Program is a federal insurance program that provides benefits to retired people and those who are unemployed or disabled. Social Security Tax is The tax levied on both employers and employees used to fund the Social Security program. The Social Security tax pays for the retirement and disability benefits received by millions of Americans each year.

My sole intention in this writing is to contend for the continued existence and necessity of Social Security in America, and for whom, and when it was legislated. I have constructed and presented information in this paper as an overview of the necessity of maintaining Social Security in America. My objective is committed to contradicting destructive opinions of Social Security being “just another entitlement program” which could/should be eliminated. In addition, to achieve this objective it is paramount to divulge what the Social Security Administration (SSA) is and who is directing the operation and governing at the Social Security Administration presently. For instance, the SSA has the responsibility for making sure the legislated laws and

"On a daily basis senior citizens face a choice between buying food, paying the rent, or buying medicine. Senior citizens slice pills into halves because they can't afford