During the 1700`s and early 1800`s many people industrilized . This allowed people from rural areas to migrate to cites and work in factories . A majority of these people received low wages and had to work under treacherous conditions . Due to these extremely low wages people were unable to save for retirement . If any of these people were disabled on the job or even were fired from the job there families had to suffer greatly . So due to the industrial revolution social security insurance began in the United States . Social security was not developed in the United States though it was known before it began in the United States . Social security first became known in Europe.

Social security is a government program that pays retired people a certain amount of money. Social security is also called social insurance because it doesn't only cover retired people but also to disabled workers , to the families of workers who have retired , become disabled , or died ; and now also for medical expenses under Medicare .

in the future and investing part of social security funds in equities . Now they decide to lower benefits this means that they will rise the retirement age for full coverage or early retirement, they would lower the cost of living adjustment or gradually scale benefits in other ways .

Social security went through an extended time of troubles from the mid 1970`s to the mid 1980`s , but no prospects of anymore problems have been seen until now . This has happened because they started giving out more benefits to recipients than they had pay for . Social security problems have arose and are closing in . In less then 15 years a fleeting interlude the way financial planners reckon time , tax collectors from work will no longer pay all the benefits promised to an expanding pool of retirees . If something is not done the system is projected to go broke by the year 2032 . In fact people have received more then they paid since the first recipient of social security . A problem has not been apparent for a while because Politians have ignored it . The problem was solved by increasing the birth rate , that was the baby boom generation because this would have more workers paying for social security and it would help support the beneficiaries . That only made a bigger problem though because know there is not going to be enough for the younger generations who have to pay for social security .

As a person I must fall into one of these two sides this is where my option

Social security is the most important financial protection plan in the country but it beam to be a problem since the baby boom generation erupted , but will social security benefits be available to younger Americans who are required to pay into it ? As we know the US government cant guarantee that social security will last until the younger generation who are paying for it have to retire . But do you believe the

government is doing enough to help social security get back on track an be there for all these younger Americans who are entering the work force today . What is the plight of social security going to be?

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