Social Security's Long Term Solvency Problems

Social Security's Long Term Solvency Problems

Introduction

In the U.S., the social security system is a contributory social insurance mandatory that ensures a basic income to employees who have retired. He divided the community at risk of income loss due to retirement, a disability or death. Retirees are protected against inflation, fluctuations in financial markets and the depletion of their retirement income prior to death.

The social security system was designed as a program to pay-that today's workers pay the benefits of today's retirees. This plan was created in 1935 in order to mitigate the effects of poverty among ...