Social Security Essay -- Welfare Politics Essays

companionable warrantorOn a daily basis senior citizens submit a choice between buying food, paying the rent, or buying medicine. Senior citizens slice pills into halves because they cant affordtheir full prescriptions. (Federal News Service Sept. 2002) Social pledge is what keeps many elderly and disabled Americans from being stricken by meagreness. Without Social Security in our society 15.3 million elderly would have incomes below the pauperization 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 ridiculous without Social Security were removed from below the poverty line by Social Security. Nearly 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-poverty programs existing today. Although many Americans are too not helped by Social Security and linger at the fringes of society because the money is not enough to live in America today, even 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 much(prenominal) as my home state of New Jersey, thats barely enough to maintain even a basic standard of living. Unfortunately 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) just c... ...ll. The biggest part of privatization is letting the person decide how to invest their Social Security since it is given to them to be invested, rather than put in a private method of accounting after being taken fr om 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 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 quantify Company, October 10, 2002 New York Section Section A, Page 30, Column 1 U.S. Newswire Inc., October 8, 2002 Section National Desk Federal News Service Inc., September 24, 2002 Section Press convocation or Speech