Social Security Number Policy Research Paper

We could save the Social Security Program, if we engaged in some simple changes. There could be some slight changes in the retirement age area and in the Taxes area. According to the Article "Modest Changes Could save Social Security Program" written by Stephen Ohlemacher, he clearly stated that employees are 100% grantee for an full retirement benefit package once the hit the age of sixty-six. It will later rises to the age of sixty-seven for elders that was born in 1960 or later. In addition, employees are able to receive an early retirement at the age of sixty-two, although their retirement benefits would have been reduced (Ohlemacher). Some changes we can apply to the retirement age, is that we could slightly increase the retirement age until it reaches seventy in the year 2027, which would eliminate some shortfall in the program. Secondly, there should be a three-year increase in the early retirement age,

In 1945, the government started to use number to identify a person. Social security number, life insurance, policy number, all identify a person. These number are so important that in the modern day if any person get a hold of these number, a person’s identity could be stolen, meaning that person money, housing and banking could be at risk. In the modern era, numbers are used for everyday life, from purchasing, owning houses, and even drive a vehicle. It's a way the government can keep track of every Americans. Social Security began in 1935 for the sole purpose of tracking the earning histories of the U.S. workers. Now every legal resident of the United States has one. Its easier to keep track due to the era of computers, but its seem dehumanizing

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

In January 1935, President Franklin D Roosevelt presented his Social Security Act to Congress. The draft of the Administration bill was the beginning for the legislative attention to the Social Security in 1935. Social Security was introduced to help retired workers receive retirement payments. The Social Security Act and related laws establish a number of programs that have the following basic purposes: (Social Security Administration, 2006)

In 1935, President Franklin D. Roosevelt, signed a document that created a new phenomenon called Social Security. Social Security is a government program where people pay 7% of their wages into it and those who are retired, unemployed, or unable to work can receive Social Security. Social Security recently has become a little more concerning for people in the future because of the Baby Boomers are getting closer to that age where they can receive Social Security. However, the people of the United States are still to this day for the government program. During George W. Bush’s time as President, he wanted to privatize Social Security. He quickly was despised by the public and Democrats for trying to restructure Social Security; therefore, the

The American Social Security system is projected to help people with limited financial resources, including the poor, the physically disabled, the mentally ill, and the elderly (Grabianowski 2015). It was created in response to the pervasive poverty during the Great Depression to provide workers with a basic level of income in retirement, as well as disability pay and life insurance while they work (Kessler, 2014). In addition to providing benefits for workers, it also covers their dependents, immediate family members, and even divorced spouses, at the time of serious accidents or illnesses (Kessler, 2014). The first widespread social security program I America was the Civil War Veteran pensions in 1982 that supported injured Union veterans or to their widows. This plan expanded in 1910 to include Civil War veterans and their survivors (Social Security Administration). As America went into economic recession following the stock market crash of 1929, the Great Depression brought a strong focus on the need for a comprehensive system that provided assistance to the poor and elderly, so they could live independently (Social Security Administration). In 1934, President Roosevelt formed a Committee on Economic Security (CES), who came up with a plan that allowed workers to put a small percentage of their pay into an aggregate account that could be drawn when they retired, to help meet their monthly expenses, which became the Social Security Act (SSA) in 1935 (Social Security

I would like to see the social security system completely reorganized and a higher retirement age for anyone born after the year 2000. This reorganization would not affect anyone born before the year 2000 in any way. However, anyone that can retire before 2035 will have the option to invest up to twenty-five percent of their current social security withholdings in a 401k type retirement plan. An option of this type would allow the individual to decide where their investment goes and thus reduce the amount that the federal government is responsible for paying out to any retiree that chooses this option. Anyone born after the year 2000, their retirement would be a combination of the two accounts and of the current funds being

In 1929 the United States experienced a stock market crash known as The Great Depression. This had been the biggest economic disaster in western society. Between 1930 and 1932, the unemployment rate increased from 3% to 25% leaving 13 million Americans unemployed. Those who were able to maintain employment saw a 40% decrease in income by the year 1932 (Szostak, 2003). In an effort to protect individuals who were old, disabled or unemployed, President Franklin Roosevelt implemented “social insurance.”

For the past 78 years, one governmental system’s benefits have been essential to the nation’s elderly and disabled individuals. This system itself has focused on providing benefits to every American when they reach the age of 65, or earlier than the age of 65 if they preferred to receive smaller amounts of benefits per year (Social Security Administration). The system, at the same time, has taxed citizens and companies to levy this distribution of benefits. This system may seem to be a great idea; however, the trust fund has been ever decreasing with no end of this decrease in sight (Economist Briefing). This system –Social Security – is in grave danger of running out of funds and needs to be reformed immediately.

The New York Times article, Misguided Social Security Reform, discusses the proposed social security reform “chained” consumer price index (C.P.I) as an alternative to cost-of-living adjustments (COLAs.) The author explains why C.P.I. will leave retirees in a worse situation because it researches price changes for the general working population instead of taking into account that the elderly are not regular consumers who can adjust their spending as prices change. The elderly have lower incomes and also cannot be as flexible on spending due to their needs are not the same as the working class. The article offers excellent social security reform ideas that will protect the current retirees as well as future

Almost every American adult citizen is aware of the Social Security Administration. Every payday, each working American has tax deduction for Social Security on their payroll stubs and these deductions are recorded on their W2 forms at the end of the year. If they have older parents or disabled family members, then they would be aware of Social Security Disability Income (SSDI) and/or Social Security Income (SSI). Many young people are not conscious of life before Social Security, how disabled or elderly citizens lived without Federal assistance or how Social Security came into existence. Like any issue, there are champions and challengers, people will argue over the benefits and the weaknesses of the issue or alternate ideas for the same

I agree with you, we must take action to save social security and medicare now before it is too late. I also agree that no changes should be made for the Americans that already receive benefits, or are approaching the age. I believe that they paid into the system many relying on these programs to survive. I think changes should be made for younger generations so that we are aware and can plan accordingly.

The Social Security Administration has several functions, the main one being to provide financial assistant to patients with a disability that will be unable to work for a period of twelve months or more. This requirement is usually met by individuals who have been diagnosed with prostate cancer.

The Social Security Administration was created August 14th of 1935, when President Franklin D Roosevelt signed the Social Security Act. The mission of this agency is to "Promote economic security for the nations people". They strive to provide financial benefits and assistance, support and retirement plans for workers and their families. Until the year of 1995 this administration was under the Department of Health and Human Services, after then it has become its own agency. This agency was created as a result to a long term development for the country to allow citizens retirement and disability for those who are unable to work, all while not becoming in poverty. The SS agency has two trust funds, Old Age and Survivors and Disability insurance.

Social security is the government providing minimal financial support for individuals with little or no income. Social security can provide insurance, but around four out of five social security users are the elderly, or retired people. According to cpbb.org nearly ninety six percent of people ages 21-65 earned life insurance through social security. Social security also ensures that people will have retirement protection. This is for citizens sixty to ninety. (http://www.cbpp.org/research/social-security/policy-basics-top-ten-facts-about-social-security). For the elderly, social security is a way to get money, and for those with social security it is a major source of it too. According to the U.S. Social Security Administration, the social