History of Social Security

History of Social - until we are 70 Social security needs to be strengthened for future generations Personal Insights… People believe Social

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
History of Social Security FDR signed the Social Security Act into law in 1935. i Why? i What is it?
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Current Statistics/Needs More than 53 million people depend on Social Security today. (as of July 2010) It is viewed as a “safety net” for retirees, survivors of workers who die young, and people with disabilities and their families-to stay out of poverty.
Background image of page 2
Current Issues: Raising the retirement age-we could possibly work
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: until we are 70!! Social security needs to be strengthened for future generations Personal Insights… People believe Social Security is going broke…not true. For the moment it is okay. We would still like for it to be okay when we retire. In other words we do not want to be 100 when we retire! By the year 2039, Social Security will still be able to pay 78% of promised benefits...
View Full Document

This note was uploaded on 05/24/2011 for the course SOWK 335 taught by Professor Ford during the Spring '11 term at James Madison University.

Page1 / 4

History of Social - until we are 70 Social security needs to be strengthened for future generations Personal Insights… People believe Social

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online