The Social Security Program of USA

The impact of all of these options are huge because they affect every American. The options provided here are the 6 biggest options when it comes to Social Security. Now that everyone knows what might happen, lets talk more about the when. In 2010, the amount of money coming in was to small to pay back to people. Interest from the trust bonds was collected to help aid in maintaining full benefits. As a temporary solution, shaving the interest off the bonds would have been a great fix, but the original problem still exists. Nothing has been done to balance the money in to money out ratio. Unless Congress makes some big calls, in 2020, the SSA will be forced to sell their bonds. With the interest already being collected, and now the bonds being sold, the amount of money earning interest would severely drop.

Although social security was just used as a retirement program at first, it changed in 1939 to also benefit survivors and the retiree 's spouse and children, and in 1956 disability benefits were also added to the Social Security Act. In the original 1935 law, it was stated to contain the first ever national unemployment compensation program, served as an aid to states for several health and welfare programs, and to Aid to Dependent Children program too.

===The goals of the Social Security program is to bring monetary assistance to specific and certain groups such as the elderly, disabled and widows. The goals of the social security program, as stated in their government page are, “to keep American families from becoming destitute--in health or in the essentials of life. We do not want a program which, alone, would enable anybody to live in luxury; but we do want a program that will assure every family in the Nation enough to live on in times of adversity.” (ssa.gov) To learn about one of America’s most successful program it is important as a reader to know that this program has been around for 80 years, since August 14, 1935 when President Franklin Roosevelt signed and made Social Security

In 1935, President Franklin D. Roosevelt, signed a document that created a new phenomenon called Social Security. Social Security is a government program where people pay 7% of their wages into it and those who are retired, unemployed, or unable to work can receive Social Security. Social Security recently has become a little more concerning for people in the future because of the Baby Boomers are getting closer to that age where they can receive Social Security. However, the people of the United States are still to this day for the government program. During George W. Bush’s time as President, he wanted to privatize Social Security. He quickly was despised by the public and Democrats for trying to restructure Social Security; therefore, the

The original intention for creating social security was to act as a safety net for retirees, but as time past, there seems to be a great deal of economic issues relating to the program. Social Security was created to help benefit retired workers, spouse and children of deceased workers, as well as workers who have become disabled before retirement. This insurance program provides retirees with a steady income once they retire. President Roosevelt signed the program into law on August 14,1935 (“FDR signs”, 2009). Since then, Social Security has been beneficial for many workers and retirees. In fact, social security has become the main source of income for many retirees.

The Social Security Administration was created August 14th of 1935, when President Franklin D Roosevelt signed the Social Security Act. The mission of this agency is to "Promote economic security for the nations people". They strive to provide financial benefits and assistance, support and retirement plans for workers and their families. Until the year of 1995 this administration was under the Department of Health and Human Services, after then it has become its own agency. This agency was created as a result to a long term development for the country to allow citizens retirement and disability for those who are unable to work, all while not becoming in poverty. The SS agency has two trust funds, Old Age and Survivors and Disability insurance.

Social Security was a program designed for our seniors that was started in 1935 because of the Great depression. It is funded by workers

Social security is the government providing minimal financial support for individuals with little or no income. Social security can provide insurance, but around four out of five social security users are the elderly, or retired people. According to cpbb.org nearly ninety six percent of people ages 21-65 earned life insurance through social security. Social security also ensures that people will have retirement protection. This is for citizens sixty to ninety. (http://www.cbpp.org/research/social-security/policy-basics-top-ten-facts-about-social-security). For the elderly, social security is a way to get money, and for those with social security it is a major source of it too. According to the U.S. Social Security Administration, the social

Social Security was created when Franklin D. Roosevelt signed the Social Security Act on Aug. 14, 1935. The program provided a social protection system based on the idea that if laborers combined a percentage of their wages, they would have the capacity to ensure each other and their families against wage loss due to retirement. Through this national benefits program, Social Security made available a basic level of monthly income to laborers who paid into the system. Although benefits were originally limited to laborers aged 65 years and older, the minimum age at which laborers became eligible for Social Security benefits was lowered to 62 for women in 1956 and for men in 1961.Social Security benefits were originally intended to supplement

In the America society, we want to develop a system that our Americans can live a happy and comfortable life. That’s why America created a system called social security in 1935, this system is to help those who are older and have disabilities. (see staff.) Social security has three main part: first is the objective and comprehensive introduction to the American social security system; the second is the information authority, novel, the policies and data are from the US government and the legislature; third is the academic and practical combination of the US social security system Of the policy practice at the same time, through the appendix, glossary and reference literature and other means for the reader to provide a comparative study and

The Social Security Administration (SSA) has struggled to accommodate numerous demographic trends, specifically those affecting the retirement sector of the American populace. As a result of medical advances, the senior population has steadily extended its lifespan and retirement. Consequently, Social Security appears to be unsustainable as human longevity increases and continue to operate in a deficit with inadequate funding. The following studies will examine and compare pension trends in regards to social security

In the United States Social Security is the commonly used term for the federal Old Age, Survivors and Disability Insurance program. The original Social Security Act was signed into law by President Franklin Roosevelt in 1935, and the current version of the Act, as it is encompasses several social welfare and social insurance programs. Over time the SSA was admitted t o give money to states to provide assistance to the elderly. With few exceptions, all legal residents working in the United States now have an individual Social Security number. Indeed, nearly all working and many non working residents since Social Security's 1935 inception have had a Social Security number because it is required to do a wide range of things, paying the IRS and

Finding a policy that fits each of these standards is difficult and may not even be possible. However, I believe the best example policy to show for all categories is Social Security. Through Social Security there have been many policies expanded in order to reach a variety of different people and needs. Within the Social Security website it mentions the policies history and who it originally targeted in 1935 when first created by stating, “this Act provided for unemployment insurance, old-age insurance, and means-tested welfare programs.” (Patricia Martin & David Weaver, “Social Security: A Program and Policy History.”) From this, it shows that multiple groups were kept in mind in attempt to include all those in need. Even better, there has since been more categories added under Social Security that include Temporary Assistance for Needy Families, Food and Nutrition Assistance, Veterans’ Assistance, and many others. By doing this, equality under the policy is provided because there are programs created for different situations. The creation of all these policies could also transition into the idea that it keeps the people’s best interest in mind.

The Social Security program is a very successful over the last 20 to 30 years. As an employee of the Social Security Administration, I have seen hundreds of retiring and disabled worker and families that benefit from the insurance. According to Invanceich, “"the pension portion of the Social Security system was established under the Old-Age, Survivors, and Disability Insurance (OASDI) program. The goal of the pension portion was to provide income to retired people to supplement savings, private pensions, and part-time work." (Invancevich, 381). The program has grown to include Medicare, Medicaid, and people that are not able contribute to the program. The old age program established in 1935 is the basis for current social security insurance.

After four decades of failure to enact a universal healthcare program, advocates decided to refine their approach in the 1950s, and the strategy that ultimately led to the passage of Medicare and Medicaid was formulated. Wilbur Cohen and I.S. Falk recognized that a health insurance plan focused on Social Security beneficiaries would be much easier to sell than a plan for all Americans. By limiting its benefits to the elderly, Medicare could be portrayed as a program for people who met two important criteria: they had greater need for healthcare coverage and they were especially deserving of public assistance. Because of their age, seniors have relatively high medical costs--when Medicare was passed, average healthcare expenses for people sixty-five or older were twice the average expenses for younger persons. (Orentlicher, D. (2012).