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Essay's paper info
Topic: Social Issues
Number of pages / Number of words: 15 / 3935
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"As a result of declining birth rates and increasing life expectancy, the ratio of workers to Social Security beneficiaries is expected to shrink from 5.1 in 1960 to 3.4 today to 2.1 in 2030."

When Social Security was designed, it was designed as a "pay-as-you-go" system. There was no money actually set aside by the government for the system...


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There was no money actually set aside by the government for the system. When workers pay their Social Security taxes, most of the money is immediately paid out as benefits to the retired. The leftover money goes straight to the Treasury in exchange for Federal IOUs and are used to finance the National Budget...


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General points of the essay

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