Buy custom economic benefits and future outlook of social security
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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 889 |
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Beginning in about 2008 and about 30 years, there will be about 79 million baby boomers retiring. This means there will be twice as many elderly as what there is today. When this happens there is not going to be enough funds in social security to pay everyone. Many people think that their social security tax contributions are held in an interest-bearing account for their future retirement...
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Many people think that their social security tax contributions are held in an interest-bearing account for their future retirement. Actually-not true. Social security taxes that are paid by today's workers and employers go to pay benefits for today's retirees. Social security is taking in more taxes now than what is being paid out...
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