Social Security Essay -- Welfare Politics Essays

loving gageOn a daily basis senior citizens face a superior between buying food, paying the rent, or buying medicine. Senior citizens snub pills into halves because they cant affordtheir full prescriptions. (Federal News avail Sept. 2002) Social gage is what keeps legion(predicate) elderly and disabled Americans from being stricken by impoverishment. Without Social warranter in our society 15.3 gazillion elderly would stick incomes below the poverty border, however after Social Security was added to the equation only 3.8 million elderly have incomes below poverty. Three-fourths of those elderly people who would have been poor without Social Security were removed from below the poverty line by Social Security. Nearly 90 percent of Americas elderly be lifted from poverty by Social Security. Currently nearly 44 million Americans receive benefits under Social Security, making it one of the nations largest anti-poverty programs vivacious today. Although many Americans atomic number 18 also not helped by Social Security and linger at the fringes of society because the money is not enough to stomach in America today, even with Social Security adjusting to inflation. Today, the average Social Security benefit is less than $10,000 a year, and for women the average benefit is approximate to $9,000. For most seniors, especially those who live in high-cost argonas such as my bag state of New Jersey, thats barely enough to maintain even a basic standard of living. Unfortunately 11.9% of Americans who receive Social Security are still below poverty level. Its shocking that over ten-percent of a sylvan of 281 million people can have that much of its citizens in poverty. (http//www.cbpp.org/4-8-99socsec.htm) thus far c... ...ll. The biggest part of privatization is letting the person decide how to invest their Social Security since it is given to them to be invested, rather than put in a hidden account after being take n from the persons paycheck as is the flowing government policy. Americans could then invest in stocks, corporate bonds, government bonds, money market funds, and annuities. The Republican Party then goes further to say on that point is less risk and makes many more Americans feel safer. Although there are risks in everything we do. Bibliography http//www.cbpp.org/4-8-99socsec.htm Socialsecuritychoice.org The New York Times Company, October 10, 2002 New York Section Section A, page 30, Column 1 U.S. Newswire Inc., October 8, 2002 Section National Desk Federal News Service Inc., September 24, 2002 Section Press Conference or Speech