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The Social Security Crisis
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The Social Security Crisis
The Presidential election will be coming up this November and the question that many of Americans have on their mind is what are you going to about the Social Security crisis? This question has our nation divided between generations. The elder people of our nation (ages 50 and up) fell confident that Social Security will be there for them and that it should be left alone. On the other hand the Baby Boomers (ages 31-49) and Generation X (ages 18-30) lack this confidence fearing that they will never receive Social Security, and the money they put in would be a waste. Many politicians are afraid to touch this issue because the elder still make a large number of the voting block. Speaking as a member it is our duty to vote for change in Social Security to ensure we will have something to look forward to when we retire. We can not wait any longer to defeat this crisis. For those who don't know the Social Security crisis is the threat that Social Security may go bankrupt. Well its more than just a threat its the reality. The common belief is that Social Security is a saving fund where the government takes a certain percentage out of our weekly pay. Then that money is put into a savings fund where it is held until you retire. When they retire money is returned to them in monthly checks plus the interest. This is where they are wrong. Social Security is a pay-as-you-go system where the current workforce pays for the present retirees, and t...
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