The Social Security System

1442 Words6 Pages
Dear Congresswoman Ann Wagner (R),
“All peoples throughout all of human history have faced the uncertainties brought on by unemployment, illness, disability, death and old age. In the realm of economics, these inevitable facets of life are said to be threats to one 's economic security”- (www. ssa.gov). The 1935 Social Security Act was a giant step towards creating an economic security for the nation. However, as a person who has yet to be in the work force for 10 years I have already begun to realize that my comfort in retirement cannot rely on government funding, there are those whoever, who will rely entirely on that funding. Due to the differences in people’s willingness to take their futures under their own control, I would suggest reform in the fashion of partial privatization. Without this reform Social Security will not survive into the 21st century.
The current state of the social security system, while its history comes from a well-intentioned source, has been negatively impacted by many issues in recent years. “The Social Security program 's has many benefits: retirement and disability income, Medicare and Medicaid, death and survivor benefits. INVESTOPEDA These are important benefits to have for the wellbeing of the country as a whole. However due to demographic changes resulting in fewer workers paying into the program and more recipients taking benefits out, the available benefits are becoming scarce CITE. The rules of supply and demand are showing a
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