Americans are living longer, and drawing more Social Security payments than they ever put in. Early in the

next century, we will be paying out more than we take in, and Social Security will have to dip into its

surplus, which is currently used by the federal government for other spending. When the last of the baby

boomers retire, the payroll tax would have to almost double to maintain benefits. This creates an undue

burden on Generation X-ers, and solutions need to be found to prevent this from happening.

* Citizens should be given a choice on whether or not they wish to invest their own Social Security funds in

a high-yield bank account, or the stock market.

Right now, the average American has withdrawn all he has put into Social Security within 7 years

of retirement. This forces the everyday worker to support those currently on Social Security with his

payments. Whoever is still in the work force should be given the opportunity to do with th

vested in stocks and bonds. It can be cashed out at any times. Many banks offer tax-sheltered annuities for a

are eligible for social security. What means-testing refers to is that if someone did not need Social Security,

see fit. If someone feels that they are unable to invest wisely in the stock market, there are other options

done preferably for national security reasons. For instance, if the government bought stock in mass

most people never would live to collect their Social Security. Today, the average American can expect to

available. For instance, and perhaps the simplest, is to invest the funds into a money-market account, which

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Approximate Word count = 753
Approximate Pages = 3 (250 words per page double spaced)