Social Security research Essay Example | Topics and Well Written Essays - 3500 words

Social Security research - Essay Example It was Republican senator Marco Rubio who said that â€Å"But heres what I would tell people of my generation. I turn 40 this year. There isnt going to be a Social Security. There isnt going to be a Medicare when you retire. Forget about what your benefit is going to look like. There isnt going to be one if we dont make some reforms to save that program now.† It is this understanding that has led many leaders to believe that in order to survive, social security must be turned into an optional program for it members rather than mandatory. This case study shall be written in terms of someone who has had previous experience with the inner working of social security, yet through provide suggested solutions to the problem based upon the feelings, understanding, and needs of the members of the system. It shall thoroughly present the situation of the company and confidently describe the future of social security if changes are not made to the program immediately. Social Security is something that employed people from all walks of life look forward to collecting once they reach the mandatory age of retirement. It is like a forced savings account that everyone is forced to participate in so that they can have some sort of financial nest egg once they become too old to work. That is the main concept behind the existence of Social Security. Although the system had a very premise for being brought into existence by then President Roosevelt, the system was mishandled and its programs ended up being mismanaged over an extended period of time. This led to the financial disarray and incapacity of the system to truly answer to the needs for which it was first created. However, that is not to say that the problems in the system cannot be fixed. But the solutions may be difficult to implement so other options to social security should be looked into