Americans, Social Security, and Retirement

Ameri ceases, friendly Security, and Retirement
Edward Hewitt
COM 156
10/24/2010
Roger E. Blanton, P.E., MBA














Americans, Social Security, and Retirement

In instantlys economy, and the never ending rise of inflation can a person afford to not save for hideaway and solely depend on the Social Security governance ( selective service) to provide all their retirement needs when that time comes? I am sure that a lot of Americans who atomic number 18 obstetrical delivery right now for their retirement are not victorious the current state of the Social Security System into account. They are not considering that the money they are saving today leave alone have a lower value when they retire. The cost of reinforcement is going up every year but the step that a Social Security recipient is receiving is not. We will count at the 2010 Social Security Program Fact winding-clothes to compare what the just person receiving benefits from retirement through the SSS is versus retiring from a factory. The SSS has frozen raises for its recipients according to the Social Security Administration press release in October of 2010. The average calendar monthly family benefits as of June 30, 2010 is: Retired worker alone $1,158, Spouses earned $577 per month and children $574 per month.



The average person age 66 or aged(a) receiving Social Security benefits is $1,297 (www.ssa.gov). This would mean that most people whose allowance were a lot higher when they were working are not going to be able to live within their wedded lifestyle and are going to have to down size their lifestyle habits tremendously.
The benefits, that Social Security provides to Americans has changed over the past fewer years. In the Cost of Living Adjustment (COLA) fact stable gear published in October of 2008 stated the COLA add was 2.3 percent. This increase is determined by the rise in the Bureau of agitate Statistics Consumer Price Index of Urban Wage Earners and clerical Workers (CPI-W), from the third quarter of the prior year to corresponding period...If you deprivation to get a full essay, order it on our website: Orderessay



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