Social Security Example

Social Security Example Social Security – Coursework Example Social Security Affiliation: The government has been having talks about cutting of the social security fund making the younger people think that the program will not survive to reach their old age. The other group of younger people thinks that it is not the work of government to plan their financial future for them or even bother with their savings plan and hence the reason they do not believe in social service fund (Samuelson, 2011). AARP has had a really successful financial backing which shows much more sustainability in future than the social service fund. The fact that is it run by a private entity and not the government also guarantee the young people of the seriousness of the initiative towards the people. The organization also compared to the social service funds starts benefiting people from 50 years which is much more attainable than the 65 years of the government retirement fund (Jason, 2009). The social security fund program should be privatized and eliminated completely from the government. This will change some of the redundant policies that have been dragging it down to its grave (Feldstein, 2008). Revised policies and programs will renew people’s interest and change the negative views of the youth. The other solution is to reduce the number of years the contributors start receiving their funds to at least 55 years. This will attract more people and hence it will be sustainable in the long run. The fact that the program already has competition which is continuing to thrive will present a challenge to the implementers to emulate the competitors and thrive as well.ReferencesFeldstein, M. (2008). Privatizing Social Security. Illinois: University of Chicago Press. Jason, J. (2009). The AARP Retirement Survival Guide: How to make smart financial decisions in good times and bad. New York: Sterling Publishing Inc. Samuelson, R. (2011, November 20). Half Of Millennials Dont Believe Social Security Will Exist When They Retire: Poll. The Huffingto n Post. Retrieved from huffingtonpost.com/2011/10/20/millenials-social-security_n_1021602.html