Essay Example on Social Security was established in 1935 by the Social Security Act








Social Security was established in 1935 by the Social Security Act Jimenez 2015 It is the most important of all the welfare programs Jimenez 2015 Additionally it is the largest social welfare program in the United States even though it's not really much a welfare program Jimenez 2015 Instead it s intended to be more of an insurance type program for those in the workforce Jimenez 2015 Through this program funds are matched and distributed based on the earnings a worker made prior to retirement Jimenez 2015 The money then remains in a trust fund and is paid out in the form of monthly penchants once the worker retires Jimenez 2015 Over 90 of those who are retired in the United States receive some form of retirement pension under the social security act Jimenez 2015 Additionally since a policy change made in 1956 Social Security has also insured and paid workers who have lost wages due to disability Jimenez 2015 56 million people have received Social Security according a survey conducted in 2012 Jimenez 2015 75 of them were retired workers or widows and widowers over 65 whereas another 11 million were disabled and then there was another 2 million who received benefits as survivors of deceased workers Jimenez 2015 It seems like the pretty ideal program however like any other social welfare programs many issues surround it it Jimenez 2015

For example there is a lack of solvency as well as ethnic and gender disparities in terms of payouts the income cap on taxable wages the use of the Social Security trust fund to pay current debts of the federal government and the potential privatization of Social Security funds Jimenez 2015 Social Security however was not intended to be the only source of support for retirees but instead it was designed to supplement pensions and other savings belonging to the retiree Jimenez 2015 Because there are still those whose still fall below the poverty line even after social security benefits are disburse or who are ineligible for Social Security can receive cash grants through the program Jimenez 2015 Supplemental Security Income SSI was created by Congress in 1974 Jimenez 2015 It replaced multiple programs such as Old Age Assistance and Aid to the Blind and Totally Disabled Jimenez 2015 Like social security income supplemental security income is aimed to help low income retirement age workers and those with disabilities who are not eligible for grants under Old Age Survivors and Disability insurance OASDI Jimenez 2015 However unlike Social Security Income children under the age of 18 who are single and unmarried and meet the income level and disability criteria are also eligible Jimenez 2015 It is funded largely by general revenue funds of the federal government and supplemented by some states there is reluctance by public officials to spend adequately for those covered by SSI Jimenez 2015 In 2012 8 3 million people received SSI benefits however this number didn't take into account the dependents of disabled beneficiaries who are receiving benefits approximately 25 of SSI recipients received benefits on the basis of age 16 of which were disabled children under the age of 18 whereas another 75 were disabled adults ages ranging from 18 64 and then there was 1 who were blind Jimenez 2015 It seems that the numbers of disabled persons receiving benefits have become increasingly popular over the years and fewer of those receiving benefits are 65 and older Jimenez 2015

There are other restrictions that may make one ineligible for benefits These include immigrants who are not citizens who came to the country after August 1996 as well as those disable due to accidents that included drugs and alcohol or drug Jimenez 2015 It does not matter the age disability or income Jimenez 2015 The federal standard for SSI benefits is not aimed to bring individuals or families out of poverty It's simply a there to supplement social security income Jimenez 2015 Both conservatives and liberals share common views about the nature of the social order and policy in the United States such as equality and fairness as well as the open social and economic structure that allows all individuals to move up the economic ladder however they both hold two very different views when it comes to government involvement Jimenez 2015 Conservatives hold the belief that social welfare policies make people less self reliant and more independent of the government whereas liberals are all for the government helping out because they feel as if it is a safety net protecting the people of the United States Jimenez 2015 Conservatives believe that government involvement has become excessive and more and more people have begun to rely on it whereas liberals believe that the government helps the market system perform better and also protect citizens from the greed of big business houses Jimenez 2015 Conservations on the other hand believe in a free market and think that together the free market competitive capitalism and market enterprise create the greatest opportunities and standard of living Jimenez 2015 Overall conservatives wish to limit government involvement whereas liberals want to expand it Jimenez Jillian Social Policy and Social Change Toward the Creation of Social and Economic Justice 2nd Edition SAGE Publications Inc 2015 Argosy University

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