Social Security

موضوع: Social Security الأربعاء يونيو 19, 2013 10:32 am

Social Security plans for solvency over 75 years, but because of demographic pressures and the weak economy, it is currently solvent only until 2033. After that, without reforms, it would pay about 75 percent of promised benefits.

Meanwhile, the nation is having a retirement crisis. Even before the recession, people had not saved enough to make up for the loss of traditional pensions. The downturn and slow recovery have made things worse. Less than half of households ages 55 to 64 have retirement savings, and of those, half have less than $120,000. Many near-retirees also have lost home equity or a job.

All that will leave most retirees heavily reliant on Social Security, which currently pays a modest benefit, on average, of $1,265 a month. Already, the majority of retirees — with annual incomes up to $32,600 — get two-thirds to all of their income from Social Security.

Even at higher incomes, up to $57,960, Social Security is the single biggest source, accounting for almost half. Only the top fifth of seniors, with incomes above $57,960, do not rely on Social Security as their largest source of income; most of them are still working.

Going forward, there is no escaping the reality that Social Security will be more vital than ever. To save it, we need consensus on direction and principles, among Democrats and across the aisle.

Admin عدد المساهمات : 656 تاريخ التسجيل : 14/03/2013

What do you think

عدد المساهمات : 220 تاريخ التسجيل : 23/06/2013

This topic is really great
Thank you for information bro

موضوع: رد: Social Security السبت يوليو 06, 2013 2:08 pm

You are welcome