Social Security Essay

Since the very implementation of Social Security in 1935 during the time of the Great Depression to present day, it has been a never-ending source of controversy. As mentioned by Nancy Niles, Social Security was considered “old age insurance” (Niles, 2011, p. 9). It was designed to help older Americans, workers who become disabled, and families in which a spouse or parent dies (Niles, 2011). Not only has Social Security played a very essential role in the lives of many Americans throughout the years

Transforming of Social Security in the hands of three Presidents Social Security is a system that is prevailing in several nations for their citizens’ welfare, which was initiated in the US in 1930’s. It is interesting to see how it has transformed in the hands of some of the US presidents. Ever since it was originated, it has been on the ramp getting modified constantly in such a way that it meets the needs of the Americans. According to the definition, Social Security is a federal insurance program

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

Social Security Disability is a benefit that person may receive if he or she is going to be incapacitated for more than 12 months of life. The Social Security Administration offers such a benefit to people who have remained in the workforce for many years and accumulated a certain number of work credits. The benefit provides the person with monies that can assist him or her with medical bills, household bills, survival and the like. The SSA has a stiff set of criteria for people who want to collect

I believe our current social security system should be replaced by a mandatory private pension system. If it is not gracefully transitioned from the way it currently is then it will unfortunately disappear altogether in an abrupt fashion. A replacement will alleviate this issue and replace it with a viable option that can sustain itself. First let us get into the numbers. If we are just looking at the retirement benefit and not disability or Medicare then our current system is barely balancing.

As complex as it can be, there's one simple thing about Social Security claims - they all follow the same rules. Someone can come to me to talk about Social Security benefits, and I'll know the rules that apply because the same rules apply to everyone. The same is not true for private disability insurance policies – these often have sneaky little exceptions and exclusions that nobody told you about when you signed up for long term disability (LTD) coverage at work, or purchased a disability policy

Social Security at 80: Time to Retire? or Revise In 2015, America’s Social Security System turns 80 years old. The original act was a landmark bill, as it was the establishment of America’s safety net. The promise of the act was to ensure that America’s retirees would have some protection from poverty. Since the Social Security Act of 1935 was passed, the social safety net has been expanded to cover additional groups and classes of people. The most important additional programs established being

Inevitable Future Retirement and Social Security issues have become local, national, and international concerns that will also affect each of us on a personal level. Social Security benefits began in 1935 when the depression hit and put many elderly people out of work (http://ssa-custhelp.ssa.gov). Social Security has been around for over 70 years providing a dependable monthly income with automatic increases as the cost of living increased. The Social Security Administration reports that workers

425). Will social security be there for young people? Many young people believe that

Social Security and a Brighter Future Declining pensions and rising health care costs and shrinking home values and savings accounts make Social Security more important than ever before. This paper will focus on the U.S. Social Security system exploring 1.) The principles and history of the U.S. Social Security system, 2.) Issues surrounding the negatives and positives of the system, and 3.) The future of our U.S. Social Security system. It is with all intentions to leave you with an understanding