Social

Retirement seems to be one of the most often overlooked areas of people's future plan. Simply because it seems so far away, it is an area that is subject to procrastination. People are expected to live longer now than ever before, this is another reason why young adults and teenagers are not worried about saving for their retirement. The baby boom generation, the seventy seven million people born between 1943 and 1960, face an entirely different retirement plan. As they began to retire, people are starting to think that there will be no money left and this will turn into a crisis. What will happen when seventy-seven million baby boomers begin to want the money they paid inÐ'... but it is not there? Retirement provisions such as Social Security, IRA's, and 401k are there to help when you are deciding how to save money.

There is much-heated debate on the issues of Social Security today. The Social Security system is the largest government program of income distribution in the United States. Today there is a surplus within the Social Security system. They are generating more tax revenues from workers than they are paying out to beneficiaries. But the problem a lot of people are concerned with is that they won't see a dime of what they worked so hard to contribute into the Social Security system for so many years. Social Security provides benefits to about forty-three million Americans. Not only to retired workers, but also to their spouses and dependents of the workers who die prematurely. It also provides benefits to disabled workers and their dependents. Without the benefits some social problems such as poverty and elder abuse may develop throughout the country. Now that the baby boomers generation approaches retirement age, there is concern about the consequences it will have on Social Security.

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