Social Security Essay -- Welfare Politics Essays

social bailOn a daily undercoat senior citizens face a choice between buying food, give the rent, or buying medicine. Senior citizens slice pills into halves because they idlert affordtheir full prescriptions. (Federal watchword Service Sept. 2002) Social Security is what keeps some elderly and disabled Americans from universe stricken by impoverishment. Without Social Security in our friendship 15.3 cardinal elderly would have incomes at a lower place the poverty line, however after Social Security was added to the equation only 3.8 million elderly have incomes below poverty. Three-fourths of those elderly people who would have been poor without Social Security were removed from below the poverty line by Social Security. more or slight 90 percent of Americas elderly are lifted from poverty by Social Security. Currently nearly 44 million Americans receive benefits under Social Security, making it one of the nations largest anti-pov erty programs existing today. Although many Americans are to a fault not helped by Social Security and linger at the fringes of society because the money is not enough to die hard in America today, dismantle with Social Security adjusting to inflation. Today, the average Social Security benefit is less than $10,000 a year, and for women the average benefit is closer to $9,000. For most seniors, especially those who live in high-cost areas such as my home state of New Jersey, thats further enough to maintain even a basic standard of living. regrettably 11.9% of Americans who receive Social Security are still below poverty level. Its shocking that over ten-percent of a country of 281 million people can have that much of its citizens in poverty. (http//www.cbpp.org/4-8-99socsec.htm)However c... ...ll. The biggest part of privatization is letting the person decide how to lay their Social Security since it is given to them to be invested, quite an than put in a private account aft er beingness taken from the persons paycheck as is the current government policy. Americans could then invest in stocks, corporate bonds, government bonds, money market funds, and annuities. The Republican political party then goes further to say there is less risk and makes many more Americans feel safer. Although there are risks in everything we do. Bibliography http//www.cbpp.org/4-8-99socsec.htm Socialsecuritychoice.org The New York clock Company, October 10, 2002 New York percentage Section A, Page 30, Column 1 U.S. Newswire Inc., October 8, 2002 Section National Desk Federal News Service Inc., September 24, 2002 Section insistency Conference or Speech