ZuoTi.Pro
Question

Social Security should serve as a foundation for employee retirement programs. Therefore, Congress should explore more...

Social Security should serve as a foundation for employee retirement programs. Therefore, Congress should explore more extensive revisions to the program to ensure that the next generation of retirees will receive the benefit.”

Do you agree or disagree with this statement? Explain your response

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

I agree with the statement. The baby boomers generation i.e. those born between the years 1964 to 1964 will enter retirement starting this decade and will take away the major chunk of the social security benefits earmarked by the government trust. Also, piling college debt and other obligations imply that the current generation is failing to save for retirement in as much as they should. These demographic changes provide monetary challenges and if estimates are to be believed the Social Security Trust will run out of reserves by 2034. The Congress can look at alternatives that include raising the retirement age for social security benefits, increasing the payroll social security taxes which means that more revenues are generated among others.

0 0
Add a comment
Know the answer?
Add Answer to:
Social Security should serve as a foundation for employee retirement programs. Therefore, Congress should explore more...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • 1). The retirement benefit of the Social Security program is considered a progressive benefit with a...

    1). The retirement benefit of the Social Security program is considered a progressive benefit with a regressive financing scheme. (1) How is the Social Security benefit progressive? (2) How is its financing scheme regressive? 2). One of the main goals of the ACA (Patient Protection and Affordable Care Act of 2010, aka Obamacare) was to provide affordable health care to the uninsured. 1. What were the THREE primary pieces of the law that were meant to provide coverage for everyone...

  • FISCAL POLICY IN THEORY: March, 2020: we are on the verge of Congress and the President...

    FISCAL POLICY IN THEORY: March, 2020: we are on the verge of Congress and the President passing legislation that will empower the federal government to spend an unprecedented amount of EXTRA money not seen since World War 2 ---- in order to address the pandemic but also to help cushion the blow financially of perhaps ten or twenty million Americans --- or more --- losing their jobs, and thus suffering a drop in income. The scale of the 2020 recession...

  • Case 19-3 Yeah, Science! Pinkman Inc. (“Pinkman”) is a wholly owned subsidiary of an SEC registrant....

    Case 19-3 Yeah, Science! Pinkman Inc. (“Pinkman”) is a wholly owned subsidiary of an SEC registrant. Pinkman has a contract (the “Contract”) with the Heisenberg Institute (“Heisenberg”), which is a privately funded research institute with the stated mission of developing a cure for narcolepsy and other wide-spread sleep disorders. Under the Contract (which has a term of ten years), Pinkman serves as the administrator of the “Lab,” which is a multiple-unit campus consisting of recreational vehicles that Heisenberg uses to...

  • Risk management in Information Security today Everyday information security professionals are bombarded with marketing messages around...

    Risk management in Information Security today Everyday information security professionals are bombarded with marketing messages around risk and threat management, fostering an environment in which objectives seem clear: manage risk, manage threat, stop attacks, identify attackers. These objectives aren't wrong, but they are fundamentally misleading.In this session we'll examine the state of the information security industry in order to understand how the current climate fails to address the true needs of the business. We'll use those lessons as a foundation...

  • Too Late to Compensate Free Trade’s Losers CAMBRIDGE – It appears that a new consensus has...

    Too Late to Compensate Free Trade’s Losers CAMBRIDGE – It appears that a new consensus has taken hold these days among the world’s business and policy elites about how to address the anti­globalization backlash that populists such as Donald Trump have so ably exploited. Gone are the confident assertions that globalization benefits everyone: we must, the elites now concede, accept that globalization produces both winners and losers. But the correct response is not to halt or reverse globalization; it is...

  • Aflac Insurance Company InformatIon: Aflac is a Fortune 500 insurance company founded in 1955 by three...

    Aflac Insurance Company InformatIon: Aflac is a Fortune 500 insurance company founded in 1955 by three brothers, John, Paul and Bill Amos. Today, Aflac employs more than 4,500 people and has more than 71,000 licensed independent agents throughout the United States and Japan. The following is an excerpt from the New York Stock Exchange business summary. “Aflac Incorporated is a general business holding company and acts as a management company, overseeing the operations of its subsidiaries by providing management services...

  • Case Study 1: Should a Computer Grade Your Essays? Would you like your college essays graded...

    Case Study 1: Should a Computer Grade Your Essays? Would you like your college essays graded by a computer? Well, you just might find that happening in your next course. In April 2013, EdX, a Harvard/MIT joint venture to develop massively open online courses (MOOCs), launched an essay-scoring program. Using arti ficial intelligence technology, essays and short answers are immediately scored and feedback tendered, allowing students to revise, resubmit, and improve their grade as many times as necessary. The non-profit...

  • 1.2 Recruitment is one of the crucial functions of HRM. Based on the information provided below,...

    1.2 Recruitment is one of the crucial functions of HRM. Based on the information provided below, how would you describe THE COMPANY’s approach to recruitment, before and after the implementation of the Brand Ambassador Program? How did the use of social media lead to the revision of the whole approach regarding recruitment? How ‘THE COMPANY’ Developed a Brand Ambassador Program At ‘THE COMPANY’ we usually categorize Employment Brand at ‘THE COMPANY’ into four big ‘buckets’: candidate experience, brand ambassador programs,...

  • Read the articles provided (Riggio, 2008) and Javidan & Walker (2012). Perform a self-assessm...

    Read the articles provided (Riggio, 2008) and Javidan & Walker (2012). Perform a self-assessment of the global mindset competencies. What competencies do you feel are your strengths? Your areas for improvement? What next learning steps could you take to address your areas for improvement? LEADERSHIP DEVELOPMENT: THE CURRENT STATE AND FUTURE EXPECTATIONS Ronald E. Riggio Claremont McKenna College This article discusses the common themes in this special issue of Consulting Psychology Journal on "Leadership Development" and summarizes some of the...

  • Assess whether from a utilitarian, rights, justice and caring perspective, Unocal did the right thing in...

    Assess whether from a utilitarian, rights, justice and caring perspective, Unocal did the right thing in deciding to invest in the pipeline and then in conducting the project as it did. In your view, and using your utilitarian, rights, justice and caring assessments, did Unocal do the right thing? CASE: Unocal in Burma Union Oil Company of California, or Unocal, was founded in 1890 to develop oil fields around Los Angeles and other parts of California. By 1990, Unocal had...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT