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Today, many peoplebelieve that this is aprogram in whichthey contribute a
PORTION OF THEIREARNINGS
that they canCOLLECT ONCE
THEY RETIRE.
BACK IN 1935
working peoplewould contribute to
the system thatwould help retired
people supportthemselves.
Then, when it wasyour
turn to retire,the current
generation ofworkers would
basically pay foryour checks.
This means that theworking class is paying
those Social Securitychecks in real time.
The system was supposedto keep rolling at this pace.
WHEN DID THEPROBLEM OCCUR?
People who retiredand collecting checks
IS MORE THANPeople who are working and paying into the fund
THEGOVERNMENT'S
SOLUTION* Buy secure savings bonds.
When they mature, the interest should beable to handle the influx in retirees that
are eligible for benefits.
* The thinking is that the government caneasily draw on the added surplus as
needed.
WILL THIS WORK?As of today no one is really sure if this
will work long term or not.
As long as the money in the fund cansupport the checks to those eligible, the
system will continue to work.
Speak withJOHNSON & BISCONE
now to help you settle claimsissues.
Are you struggling to receive SocialSecurity payments for disability?