The Social Security System For The Elderly Citizens Essay

The Social Security System is in need of a new reform; our current system was not designed for the age stratification we have at this time. The U.S. Social Security Administration Office of Policy states, â€Å"The original Social Security Act, signed into law on August 14, 1935, grew out of the work of the Committee on Economic Security, a cabinet-level group appointed by President Franklin D. Roosevelt just one year earlier. The Act created several programs that, even today, form the basis for the government s role in providing income security, specifically, the old-age insurance, unemployment insurance, and Aid to Families with Dependent Children (AFDC) programs.† Social Security was modeled to aid the elderly citizens, however during the past elderly people were not destined to live an elongated life. The older population has grown drastically and is relying on the help of the government’s financial help in order to survive economically. The failure to fund the Soci al Security system accurately has resulted in a situation where there will not be enough funds distributed in the future; Government officials must create a new Social Security policy reform. Social Security is available for all working citizens; many of the younger generation may not be able to receive this aid in the future. The Social Security system was not designed for the age distribution we have now. Due to the differences in age stratification, the older generation life expectancy has increased. In theShow MoreRelatedReform for the Social Security System Essay872 Words   |  4 Pages The Social Security System is in need of a new reform; our current system was not designed for the age stratification we have at this time. 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