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Vast numbers of hardworking people are paying into this fund, when it won't be there for them should they be unable to work or retire.
The average social security benefit in 2004 ? 2005, was $895.00 per month, or $10,470 annually. While this may be helpful supplemental income, it is by no means enough for anyone to retire on. The poverty line is currently around $15,000.00, but we would expect our retiree's and disabled to live on 35% less than poverty limits allow. Most people now rely on another form of retirement, to supplement their social security. But when Social Security isn't even enough to cover most people's living expenses, why bother with the program at all?
As an example of Social Securities declining efficiency, in 1950 nearly 16 workers paid S...
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Common topics in this essay:
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