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This is because there have been more workers paying into the system than there have been retirees drawing from the system.
When Social Security was first enacted, there were more than 40 workers for each retiree collecting benefits. In recent years, this has narrowed to 3.4 workers per eligible retiree, according to a 2001 report issued by the President's Commission to Strengthen Social Security. According to the White House website (www.whitehouse.gov), “By the time today’s youngest workers turn 65, there will only be 2 workers supporting each beneficiary.”
There are several factors that have led to the shift in the ratio of workers to retirees...
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Common topics in this essay:
- economic benefits and future outlook of social security
- What is the Future of Social Security?
- Social Security
- Social Security
- The Social Security Dilemma
- Government Policy; Social Security
- Social Security In The Future? Maybe Not
- Social Security
- Social Security
- Social Security
- Social Security
- Social Security
- Social Security
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- social security
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