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Argumentative Essay On Social Security

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The Social Security system was created in 1935 to provide income for retirees. Today, 167 million people pay Social Security taxes, and 60 million Americans (retired workers, the disabled, survivors of the deceased, and beneficiary dependents) receive the benefits. American workers pay Social Security taxes on their income through an automatic deduction. However, the taxes that you pay are not stashed away into your own personal Social Security savings account, but rather it pools to cover current beneficiaries. According to the Social Security Administration, as seniors age, they rely more and more on Social Security benefits. Social Security was designed to be a supplement, not the only source of income for Americans, though. I have heard that Social Security will only …show more content…

Therefore, Congress will have to close the gap somehow and will probably scale back on benefits or increase taxes or even a combination of the two. Social Security will most likely NOT be available when I come to retiring age, unless there is some sort of reform. Perhaps there will be some benefits, but certainly not as much as retirees are currently receiving, which really is not all that much to begin with. As I said before, though, Social Security was never meant to be the only income source in our older age. Whether Social Security is fully available when I do retire (which I do not believe that it will be) or only partially, people of my age need to start planning for retirement now and become less dependent upon the government. We can do that by putting our paycheck towards a 401(k) plan or a Roth IRA. Unless there is some sort of reform that changes everything, there is absolutely no way that Americans my age will receive a comfortable and livable wage from Social Security. While that may be disappointing to hear, it is not necessarily a bad

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