President Bush examined the significance of Social Security and the need to settle the Social Security framework for future ages of Americans. The President has guaranteed Americans that he won't change the Social Security framework in any capacity for those conceived before 1950.
Government disability was one of the considerable good triumphs of the twentieth century by giving a basic establishment of salary for resigned and handicapped specialists.
For 33% of Americans more than 65, Social Security benefits comprise 90% of their aggregate salary
Foundation on Presidential Action
The government managed savings is sound for the present seniors and for those nearing retirement, yet it should be settled for more youthful specialists – our kids and grandkids. The legislature has made guarantees it can't stand to pay for with the present pay-as-you-go framework. In 1950, there were 16 specialists to help each one recipient of Social Security.
Today, there are just 3.3 laborers supporting each Social Security recipient.
In 2008 – only three brief a long time from now – people born after WW2 will start to resign. What's more, throughout the following couple of decades, individuals will live more and advantages are booked to increment drastically. When the present most youthful specialists turn 65, there might be 2 laborers supporting every recipient.
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