Socila Security Advantages and Disadvantages
What Are The Advantages And Disadvantages Of For over 60 years, the Social Security program has been one the most successful domestic government programs, providing economic protection for US citizens of all ages. The Social Security is more like a set of programs, designed to provide income and services to individuals in the event of retirement, sickness, disability, death, or unemployment. Such programs were originally enacted in 1935. As Americans we know that Social Security is very important for people with disabilities, people with families and for children who have lost a parent. However this program also has a variety of disadvantages as well.As people work, they have to pay taxes that are sent to the Internal Revenue Service (IRS). Through this process people earn "credits" that count toward eligibility for future benefits. Nevertheless, there is a maximum of four credits per year that can be earned. Eligibility for benefits depends on the credits required by each category. The Social Security consists of mainly five categories. Disability, Family Benefits, Survivors, Medicare and Retirement are these major categories. This type of division has converted the Social Security in a very s
disability payment may be reduced if you are eligible for a pension from work not covered by Social Security" (Landis, 91). uccessful program providing fair benefits to many Americans. It's the fact that in future years the age of retirement will raise. Nevertheless, I would make some changes to it. It's one of the programs that should not be cut. The most notable disadvantage for most Americans is the deduction of their paychecks. The number of credits depends on the age a person becomes disabled. Such benefits are a percentage of the earnings averaged over the most of a working person's lifetime. According to the facts only citizens that have a physical or mental impairment and have enough credits can receive disability benefits. When someone retires the Social Security benefits are not intended to be the only source of income. Florida: Sphinx, 1996. However not every disability person would have the required credits and eventually they would not receive support. The last and most important section of the Social Security is Retirement. Such a benefit helps especially to those people who don't get a high amount of money as a retirement or disability benefit.
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