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Old age and social security essay 250 words

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Old Age Problem

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Essay On Mandatory Retirement - Words | Cram

We use cookies to give you the best experience possible. Social SecuritySince the beginning of time there has been a longstanding tradition of the workers supporting the elderly. This was practiced during biblical times, with the children supporting their parents, and has continued to the present day. As times changed and humans developed more as a society, it became apparent that everyone should be required to support those who cannot work. The goal in mind is to provide everyone with economic security. These principles helped bring about the creation of Social Security.
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Free Social Security Essays and Papers

Social Security is a federally administered social insurance program. The program was created in ; it was designed to mitigate the financial damage caused by the Great Depression. Social Security provides monthly cash stipends to the disabled and the elderly. As of December , 58 million people were receiving Social Security payments Social. Social Security is financially unsustainable because there is a significant difference in the number of retired and the number of workers paying into.
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They are not there to collect FICA taxes. The Secretary of the Treasury supervises the preparation and mailing of benefit checks or direct deposits on debit cards and banking accounts. They also provide management and investment of the trust funds. Social Security numbers is an identifiable method.
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