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Social Security: Problem And Solution
Part 1 of Paper
....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 boom.... Part 2 of Paper
....unt, which will on average receive 1-1 1/2% more interest than a traditional savings account. From the time the average American starts working - say 16 or 17 - till the time he retires, there will be a lot of money that has accumulated in this account. Another option is a tax-sheltered annuity. This is an option available to anyone - as long as they have an investment broker - to take a certain amount of money from their paycheck, tax free, and have it invested and re-in! vested in stocks and b.... |
| Number of words: 731 - Approximate pages: 3 |
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