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This is where we 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 younger
workforce to pay for them 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...
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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 will only be 2.4 or less for each retiree. By the year 2010-2015
Social Security is projected by the government to pay out more money than it
could take in...
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General points of the essay
Social Security
Bankruptcy of Social Security
economic benefits and future outlook of social security
Overview of Social Security
Should Social Security Be Privatized
What is the Future of Social Security?
The Social Security Dilemma
Distribution of Social Security
History Of Social Security
Privatization Of Social Security
Privatizing Social Security
Social Security In The Future? Maybe Not
Social Security Reform
Social Security: Future and Implications
The Social Security Crisis
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