How Will Social Security Benefit Me?
What Is Social Security?
Social security is a government social program set up during the Great Depression. The purpose of this program is to help provide individuals with the ability to pay for their retirement needs. If you are unable to pay for your own retirement, you are going to be happy to have those social security payments coming in. The only problem is that most people do not understand the benefits of a program for themselves when they are paying into the system.
How Does The Program Benefit Me?
In the present day, you are probably paying into the social program. However, once you reach retirement age, you will be able to receive the benefits that you deserve. All of that time spent paying into the system will finally pay off. It is just one of those things that you have to wait for. You are paying for the senior citizens of today, and the workers of tomorrow will pay for you. It is all about realizing that this program is a full circle. If you are willing to wait your turn in line, then you will benefit from the social security program.
Will It Be Around Forever?
There is some debate as to the idea of if this program will be around forever. Many people actually believe that social security will melt away over time. There are more senior citizens than ever before. They are also living longer than before. That is not even to mention the fact that the unemployment rate is through the roof. If money is not flowing into this program properly, then there are certainly going to be some problems with this in the future. For the time being, the program is there for those who need it. The future is yet to be seen.