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Benefits Of Social Security

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Benefits Of Social Security
Eventually everyone wants to retire. In order to do that we need enough income to live on but not everyone has the luxury to have financial stability. Since the mid 1930s, the government has tried to ensure that everyone should at least have some income after leaving the workforce.
That plan is known as Social Security. Initially created during the New Deal, it was a compassionate program to help prevent elderly people from being destitute and was founded on a sound economic model. However, the government’s failure to predict life expectancy and demographic changes, programs expansions to include people with disabilities, and other added benefits have made the program much more expensive and put Social Security in jeopardy of being financially unstable. …show more content…
The New Deal was a series of programs established by President Franklin D. Roosevelt and the government in order to help struggling Americans. These programs fundamentally changed the government’s role and added a new expectation for being responsible for more than just laws and enforcement; it was the first time that it got involved in providing a safety net for poor citizens. In particular, Social Security was set up because there was a specific concern for the elderly and retired Americans. The Social Security program was intended to be, and essentially still is today, a social insurance program run by the government to provide economic security to its
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