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What is the problem with social security?

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The problem that many people see is that as the Baby Boom generation retires, social security costs are going to become so high that the system may not be adequately funded by the payments made by the existing work force.
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What is a social problem?

There are many social problems, crime, corruption, debt, pollution, depression, poverty, hunger, disease, drugs, alcoholism and unemployment

What is Social Security?

Social Security is benefits provided under the Social Security Act  (1935), financed by the Social Security Tax authorized by the  Federal Insurance Contributors Act (FICA)

What problems do socialism have?

Granted this is a bit over simplified, but... Imagine being in a classroom, any classroom. And, in that classroom there is only one way that papers and homework are graded, wi

When can you get Social Security?

Currently, the social security retirement age is 65. However, you can get the funds out earlier if you were willing to receive less in the way of a benefit. You can check ou

When do you get social security?

In normal scenarios if you are born in the US they would apply for you when you were born, if you are into US by for some work then you have to apply by yourself in the Social

Problems with social security?

The problem that many people see is that as the Baby Boom generation retires, social security costs are going to become so high that the system may not be adequately funded by

What problems came with the social security act?

I'm not aware of any problems with the original Social Security Act of 1935. It provided income for disabled and retired workers and their dependents - currently, 40% of the i

How do you get Social Security Disability benefits for a mental problem?

For this purpose you will have to apply through the Social Security Administration process. Make sure that you specify that you seek disability, rather than retirement, benefi

What is the answer to Social Security?

One way is to close tax loopholes. Another possibility a flat tax with no deductions except for catastrophic events.Reducing benefits for those already receiving SSI is NOT an

Why social security?

I will start with the facts and figures. Did you know, 54 million depend on Social Security1 out of every 6 people. About 2 out of 3 seniors depend on Social Security for most