Baby Boomers and Social Security
Examines the effectiveness of social security in the United States in relation to retiring Americans.
# 25734 | 1,642 words | 6 sources | MLA | 2002 |
Published on May 02, 2003 in Economics (Public Finance) , Political Science (Social Security and Welfare) , Latin-American Studies (Post-Modern (1960 on)) , Public Administration (General)
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This research takes a look at the U.S. Social Security system, and asks the question whether privatization would provide a better approach to retirement for Americans than the current structure. It then examines social security system in Chile by way of contrast and analyzes the two for their effectiveness.
From the Paper:"The so-called "baby boomers," one of the largest generational groupings in American history, are nearing the age when they will be able to collect Social Security benefits. When that happens, the ratio between those individuals contributing to Social Security and those receiving it will decline significantly. As a result, many have expressed concern about how Social Security can be funded over the long-term, and several different proposals have been made by politicians and economists alike."
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