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Social security is one of the most significant politicaleconomic issues in America. It is loaded with controversy and is of deep concern to millions of Americans, both the elderly, who have been receiving benefits since they became payable in the late 1930s, and also younger people, who are deeply concerned and troubled about two problems. The first has to do with the increasing costs, that is, the amount of the socalled contributions being required in order to finance social security. Their second worry grows out of their decreasing confidence in the social security system. Will benefits be available to them when they reach age 65 Is the system sound Is it bankrupt If not now, is it likely to go broke
International Journal of Social Economics – Emerald Publishing
Published: Jun 1, 1983
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