Much has been made about potential threats to the Social Security System in the United States today, and the primary threat is seen as deriving from demographic realities
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"INTRODUCTION
Much has been made about potential threats to the Social Security System in the United States today, and the primary threat is seen as deriving from demographic realities. The intent of the system from the beginning was for each generation to provide for the previous generation through a form of taxation so that the system would pay for itself as it operates. Some believe that they pay in money which is returned to them when they retire, but in fact what they pay in now is paid to those who are currently retired. The baby boom after World War II produced the first generation that was much larger than the one that would follow so that the system is now under strain and will have to be paid for by future generations rather than the one currently working. This suggests that the system needs drastic reform, and a ..."
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