HISTORY LESSON ON YOUR SOCIAL SECURITY CARD Just in case some of you young whippersnappers (& some older ones) didn’t know this. It’s easy to check out‚ if you don’t believe it. Be sure and show it to your family and friends. They need a little history lesson on what’s what and it doesn’t matter whether you are Democrat or Republican. Facts are Facts. Social Security Cards up until the 1980s expressly stated the number and card were not to be used for identification purposes. Since nearly everyone
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issue of social security for many of us is something that will worry us not now but in the future years to come. Social Security is an act to provide for the general welfare by establishing a system of Federal old-age benefits‚ and by enabling the several States to make more adequate provision for aged persons‚ blind persons‚ dependent and crippled children‚ maternal and child welfare‚ public health‚ and the administration of their unemployment compensation laws. The topic of Social Security is a very
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Few federal programs are as popular as Social Security (Desilver‚ 2015). In 2014‚ around 165 million people paid into the program while over 59 million Americans received almost $870 billion in retirement‚ disability‚ or survivors’ benefits from Social Security (Basic‚ 2015). While it may seem as though it has been around as long as the country itself‚ Social Security didn’t begin until 1935‚ when President Franklin D. Roosevelt signed the act into law and assigned permanent responsibility to the
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Studies show that African Americans receive diffidently more in social security benefits for each dollar they pay in payroll taxes than the whites do. They earn 73% as much than as white individuals‚ especially on average‚ but because of social security liberal benefit structure‚ their average retirement is about 85% as much as whites. In addition‚ studies show that African Americans benefit excessively from social security’s disability and survivor’s benefits‚ since they are more likely than the
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Social Security and the Great Depression The Great Depression was a period during American history which featured the largest economic crisis the nation has seen to date. A combination of a massive stock-market crash and failure of the people to invest in government programs left many working ‘paycheck to paycheck’ so to speak‚ and even more completely unemployed. Banks began to fail‚ as more and more workers became unemployed‚ leading the country to a traumatic time of poverty. The Social Security
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As a result of the 1936 passage of Social Security and the 1965 passage of Medicare‚ they have been considerable improvements in the lot of the elderly‚ a population conventionally defines as those or older. A 1988 census report indicated that if the elderly did not receive government transfer payments (primarily Social Security benefits)‚ the 1986 poverty rate for the elderly would have been 48.5 percent instead of 12.4 percent. Medicare‚ the nation’s health insurance entitlement for the elderly
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I was very intrigued by the Social Security Game that we were assigned to play for this assignment. I appreciated the fact that it recognized that our Social Security program is at risk of being depleted by the time my peers and myself intend on retiring. At the beginning of the game they explained that during this process‚ two approaches to fixing this Social Security issue would be liable for our approval; Benefit reductions and Revenue increases. Under the circumstances of benefit reductions there
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Aging Baby Boomers -- can America pay for their retirement? Social Security Administration officials are now reporting that as Baby Boomers leave the work force‚ America is facing the lowest ratio of persons working per retiree in the history of the program. Boomers‚ like much of the current working American population‚ have paid into Social Security for most‚ if not all‚ of their working lives. This being the case‚ what’s all the fuss about? Is there a crisis concerning the retirement of Baby
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ACA Medicare Incentive Payments INTRODUCTION: United States expenditure on the healthcare system is much more than any other developed country in the world. Despite spending trillions of dollars there are more than 29 million Americans who lack the health insurance. US healthcare system works as a market place where multiple stakeholders including government agencies‚ public and private insurers and other investors work in liaison to provide healthcare to US citizens. This creates an essence of a
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Social Welfare is defined as being programs that are run by government to promote the well being of its citizens. Throughout the history of the United States Social Welfare programs have been subject to many changes‚ due to the changing philosophies of Us Citizens. During Colonial times Social Welfare needs were met primarily through mutual aid. The majority of people lived in farming communities. People in these communities lived in extended families. People generally worked together to support
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