social security
Social security provides the principal source of retirement income for the majority of people in the United States, this includes those who receive pensions through employer sponsored plans . During the 1700`s and early 1800`s many people industrilized . This allowed people from rural areas to migrate to cites and work in factories . A majority of these people received low wages and had to work under treacherous conditions . Due to these extremely low wages people were unable to save for retirement . If any of these people were disabled on the job or even were fired from the job there families had to suffer greatly . So due to the industrial revolution social security insurance began in the United States . Social security was not developed in the United States though it was known before it began in the United States . Social security first became known in Europe. Social security is a government program that pays retired people a certain amount of money. Social security is also called social insurance because it doesn't only cover retired people but also to disabled workers , to the families of workers who have retired , become disabled , or died ; and now also for medical expenses under Medicare .
on the issue comes into play . I think that people should have the governments help in having a secure fund for them when they are at the age of retirement . What I believe is that if people where given the opportunity to have a choice in them saving there own retirement or in the government helping them out , that the people who go against the government will end up spending what they try to save for retirement before they retire . If this where to happen it would just bring our whole economy down because there would be a lot more elderly people who would have to work till they die to just survive or they would have to retire on noting and be poor for there retirement living with not even enough money to buy food . But now if the government takes just a little like they are doing know you are for certain going to have some thing to retire on it might not be all that you wanted but it is going to be a lot better then noting at all . So my option is that the government should f! ind a solution to our social security problems and fix them so people who are paying for them now aren't left with anything . I believe we have to push the government to give us what we want not wait until its to late and we cant do anything about this serious problem we got on our hands . social security , these three components are very important because you can only collect if you fall into one of these three parts . The three parts are (1) old age , survivors , disability ands hospital insurance (2) unemployment insurance (3) workers compensation . Although most Americans in the work force today are required to pay social security insurance not all are covered by it . Most civilian federal employees hired before 1984 are not covered by social security , some employees of state or local government are not covered by either program . All employers and works who pay for social security finance the program through there payroll taxes . In this fashion the government automatically deducts a certain percentage from peoples paychecks to pay for social security . the government deducts about 6.2% form you and your employer for social security and about 1.45% for part a Medicare hospital insurance , all together the FICA taxes are about 7.65%. Self employed peopl! st be medical evidence and this is ordinarily made by a government agency in your state . problem though because know there is not going to be enough for the younger generations who have to pay for social security . The baby boom generation is at about the retirement age or close to being able to collect social security insurance . When the baby boom generation retires it will bring lots of problems for social security . The baby boom generation followed the hard times of the great depression , this lasted thought out the 19
Some common words found in the essay are:
Medicare Social, Research FICA, , social security, Europe Social, baby boom, United Social, baby boom generation, boom generation, pay social security, pay social, security insurance, insured workers, retirement age, save retirement, annual earnings, social security government, people government, social security insurance, people social security,
Approximate Word count = 1881
Approximate Pages = 8 (250 words per page double spaced)
|