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Privatization of Social Securi
Title: Privatization of Social Securi
Category: Law & Government / Government & Politics
Details: Words: 1749 | Pages: 7.4 (approximately 235 words/page)
Privatization of Social Securi
Social Security was implemented in 1935 as part of Roosevelt’s “New Deal” following the Great Depression and the collapse of the American economy. It was enacted to be a fully funded retirement plan, meaning its benefits are paid out of a fund built up over the years from contributions made by Social Security taxpayers. The program’s first step away from this was in 1942 when it began to pay out its first pension. There is …showed first 75 words of 1749 total…
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…showed last 75 words of 1749 total…is no way to foresee the future of the stock market and therefore, no way to foresee the future of Social Security. It all comes down to what Congress and the President believe to be the best method to save the impending state of Social Security. All future retirees need to hope that we can look forward to the sense of well being generations before have experienced. No matter what, start investing in an IRA!
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