Generational Gaps In The Social Security System

Elderly people (women and men age sixty-five or older) (Macionis, 2005), Have many obstacles to face as they grow older, many of these obstacles involve social inequality. Not only do the elderly have to learn to deal with many forms of Ageism (the stereotyping and prejudice against individuals or groups because of their age), some also have to deal with the fact that they do not have enough savings or pension benefits to be self supporting, for most people over sixty-five, the major source of income is social security (Macionis, 2005). This forces many elderly Americans back into the workforce to continue to earn money to support themselves and or spouses. Although many elderly Americans may choose

The generation consisted of consumers but not savers (From Savers to Spenders:)1. Baby Boomers used fossil fuels, gas guzzling cars, and neglected to invest or save money. As a result there is possible global warming, significant amount of personal bankruptcies, and the government is in significant debt because it financed an unsustainable government welfare programs. The effect on the current generation may be higher taxes fewer government programs and the cost of dealing with climate change. The Boomers also saw the development of high tech and the erosion of jobs.

There are currently six living generations in the United States, each with different characteristics, beliefs, and values. The things that define each generation’s culture are derived from their history, upbringing, and the lifestyle of their time. Our generation was born between 1980 and 2000. We are called Millennials. More specifically, we grew up in the South, which typically lends itself to being more conservative and religious. These characteristics, along with our instant gratification attitude, define who we are, what we believe, and how we view other generations. For example, we might have differing views with the Silent Generation. Some Millennials may feel the Silent Generation’s social, religious, and economic conservatism is outdated.

In today’s society, the work industry is comprised of numerous generations from baby boomers to millennia’s. Due to reasons ranging from increased cost of living to political policies, Americans are being forced to work longer in order to obtain the social security benefits they’ve contributed to during their careers. Each generation has certain generational influences such as war times and civil rights for the baby boomers and social media and the technology boom for the millennia’s. One constant that has not changed, however, is that the average American has to work for a living, and with the evolution of the US economy, they are having to work longer and are retiring later.

Debates over Social Security have been ongoing since its inception in 1935 until today. The trend seems to be toward an increasing percentage of the American public, across party and demographic lines, in favor of strengthening Social Security funding, and a willingness to pay more to preserve and even improve benefits. However, the trend towards privatization of Social Security is also on the rise. What is not clear is whether Americans favor privatization because of fears that the Social Security Trust Fund is living on borrowed time.

There are five different generations working together on any given work day in the world. These generations are the Traditionalists (veterans), the Baby

In a world where the old are ignored and have no social security to live off from. Where 65 year olds work in restaurants just to make money for basic items to which they survive form. Hoping they never sick because of them know they would never be able to afford medication and surgery. Living with their children in a single home after they are no longer able to work. Their children having their parents are a burn on them after they have so fought so hard to gain their own independence. Social security is a very conversational topic because of old people having a large influence on the American politics. Social security has developed over time and has remained a very important policy in the United States. Raising Social Security has been a delicate process and there are many reasons why people are for and against it.

A generation can be defined as the period, cohort or age of a group of people. Age is seen as the age that the persons were when particular transitions or events in life take place. Period can be defined as the overall experience of a person’s lifetime. Lastly, cohort can be seen as the overall grouping of people who have shared events during their formative years that more than likely contribute to like-minded behavior throughout the duration of their lives. There are currently four generations in United States society: Silent Generation, Baby Boomers, Generation X and The Millennials. The silent generation was born between the years of 1930 and 1945. Significant events during this time period include but are not limited to World War II and the Great Depression. The baby boomer generation was born between the years of 1946 and 1964. Significant events for this generation include the substantial growth of the middle class as well as economic prosperity. Generation X is born in the time period of 1965-1979, this generation was brought together by the big energy issue as well as the Vietnam War. Lastly the final generation that is currently in the workforce are the Millennials. This generation was born between the years 1980 and 2001, this group is brought together by the 9/11 terrorist attacks as well as the internet

portion of the retiree’s income. In order to provide these benefits to retirees a 6.2% tax

Social Security, on average, makes up the largest part of older people 's income (Novak, 2012.) With Social Security making up such a vast portion of retirement income, yet only maintaining 62% (Mendel &, Schram, 2012) of a person’s pre-retirement income, individuals should utilize Individual Retirement Accounts, and Defined Contribution plans combined with Social Security to avoid poverty in old age.

     There is much-heated debate on the issues of Social Security today. The Social Security system is the largest government program of income distribution in the United States. People are concerned that they won't see a dime of what they worked so hard to contribute into the Social Security system for so many years. Social Security provides benefits to about forty-three million Americans. Not only to retired workers, but also to their spouses and dependents of the workers who die prematurely. It also provides benefits to disabled workers and their dependents. Social Security appears to most people like a simple retirement saving’s account. After all, you generally

Generations can be loosely defined as bodies of individuals born and living at about the same time. “Each generation is molded by distinctive experiences during their critical developmental periods” (Twenge, 2008). The

Each generation has certain characteristics and values with which the members of it can identify. Members of Generation X highly value their job and family time; so they try to find a balance between these two aspects of their lives. Generation X are hardworking people, but they are

The Social Security System is in need of a new reform; our current system was not designed for the age stratification we have at this time. The U.S. Social Security Administration Office of Policy states, “The original Social Security Act, signed into law on August 14, 1935, grew out of the work of the Committee on Economic Security, a cabinet-level group appointed by President Franklin D. Roosevelt just one year earlier. The Act created several programs that, even today, form the basis for the government's role in providing income security, specifically, the old-age insurance, unemployment insurance, and Aid to Families with Dependent Children (AFDC) programs.” Social Security was modeled to aid the elderly citizens, however during the

Generation gap means difference in attitude, or lack of understanding between younger and older generation. This generation gap has always been there but these days it has reached to an explosive stage. The values and patterns of life have changed to a great extent. Today, everybody likes to live and behave in his own way. This attitude has widened the generation gap, which can never be filled. It is now destroying family life completely. The elders look after the children and make all sorts of sacrifices to bring them up. Naturally, they feel they have a right over them. They want their children to follow their instructions as they have certain expectations from them. But the children, when they grow up, want a complete freedom in their thoughts and actions and unfortunately their thoughts and actions are just opposite to those expected by the elders. They revolt when any kind of restrictions are imposed on them. Consequently, the family breaks up and everything gets ruined.