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The Social Security Crisis
Part 1 of Paper
....ave on their mind is what are you going to
about ? This question has our nation divided between
generations. The elder people of our nation (ages 50 and up) fell confident that
Social Security will be there for them and that it should be left alone. On the
other hand the Baby Boomers (ages 31-49) and Generation X (ag.... Part 2 of Paper
....st. This is where
they are wrong. Social Security is a pay-as-you-go system where the current
workforce pays for the present retirees, and then when they retire they will
depend on the workforce and so on and so on. Which is fine when you always have
more workers then retirees. This is the problem the government will face when
the Baby Boomers retire in the year 2010. In 1950 there were 7.2 workers for
each retiree. Today there are 3.2 workers for every retiree, an by the year
2020 there.... |
| Number of words: 396 - Approximate pages: 2 |
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