Social Security

Executive Summary The kindly warrantor System was not knowing to be the main source of income for all retirees in the linked States; however, because of dozens of modifications, that is what it has become. The trunk has been through some ups and downs, but the botch boomers that are approaching retirement age will bring out the circulating(prenominal) governing body for good if we dont modify it now. The current worker grants 6.2 share of their income to Social certification and their employer pays a duplicate 6.2 percent for a total of a 12.4 percent Social Security payment. This 12.4 percent is not put in a savings chronicle and given to you when you retire. Your money is being stipendiary to those who are already retired. By the time that you retire, you will solo stick out what you put in plus about 2 percent. You could earn that by putting your money in an account at the bank. The 6.2 percent programme allows the worker to take their arrogate of the Social Security tax and set up personalized accounts in which they can invest their money into secure markets that pay back traditionally between 6 and 12 percent. Your employers 6.2 percent would still be sent to pay Social Security costs such as disability and survivors benefits as well as to pay the transition costs associated with ever-changing to this clean externalize.

Introduction For many years the Social Security system in America has aided the elderly with retirement benefits. Today, however, the system faces a disaster as the number of retired Americans increases. A new system is needed to save Social Security and attend American workers have adequate savings for their retirement. Our goal is to communicate the young people of America of a new plan which will allow workers to privately invest their Social Security tax dollars. The gains of such a system are a lot greater than anything the traditional system has been able to provide. We hope that as younger Americans become more informed about this plan to improve Social Security, they will have a... If you want to get a full essay, order it on our website: Ordercustompaper.com

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