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The Social Security Crisis

Beginning of Essay
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 ? This question has our nation divided between generations. The elder people of our nation (ages 50 and up) fell co ....

Middle of Essay
.... 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 then when they retire they will depend on the workforce and so on and so on. Which is fine when you always have more workers then retirees. This is the problem the government will face when the Baby Boomers retire in the year 2010. In 1950 there wer ....

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