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Essay

Bankruptcy of Social Security

Essay specific features

 

Issue:

Business

 

Written by:

Candace M

 

Date added:

November 18, 2016

 

Level:

 

Grade:

A

 

No of pages / words:

3 / 635

 

Was viewed:

1698 times

 

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Essay content:

By the year 2030, eighty four million Americans will be receiving Social Security benefits. Since the “baby boomer” years, our population growth has been slowing along with our labor force growth (Facing Facts Alert; April 19, 2000; Concord Coalition). Today the worker to beneficiary ration is 3...
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Today the worker to beneficiary ration is 3.3 to 1. By 2040 it will be 2 to 1. Unfortunately, many of these people will be solely dependent on Social Security benefits because many employers are discarding pension promises, and stagnant wages have made it extremely difficult for workers to save money for retirement on their own...
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