Social Security and Elderly Welfare
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Interesting facts about social security, particularly the statistics about married couples. Social security funds might be in jeopardy so pulling resources and saving is key to sustaining life in the senior years.
Which one of your pros and cons do you find to be most significant to the environment today?
Pro: Married couples have the lowest rate of poverty among Social Security recipients. Often, the combination of private pensions, savings and investments, and Social Security provides adequate income. But the biggest threat of poverty comes after a spouse dies, and the elderly widow is left with a significantly reduced income. It usually costs the survivor about 75 percent as much to live as it cost the married couple. The increase in the survivor's benefit is needed to combat poverty among elderly women.
Con: The combination of trimming spousal benefits, while boosting the survivor benefit, would add to the financial obligations of the Social Security Trust Fund. This would be inadvisable at a time when efforts should be made to cut the long-range deficit of the trust fund.
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Solution Summary
The solution is a 749-word narrative that discusses the Pro and Con position presented in the original problem in relation to the social security and contemporary issues in elderly welfare (see problem). Each of the positions presented are expanded via a discussion from a first-person perspective as a sample in writing reflective opinions on public issues. References are listed for further research. A text version is attached for easy printing and download (opens in Wordpad).
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Hi and thank you once again or using Brainmass. The solution below should get you started. This is strictly an opinion-based question,hence the answer is as well (written in the first person to simulate student position). Good luck!
Sincerely,
OTA 105878/Xenia Jones
Opinion on Social Security Facts
I Have chosen the following facts to be most interesting in relation to the statistics about Social Security and Old Age (Married Couples):
Pros: Married couples have the lowest rate of poverty among Social Security recipients. Often, the combination of private pensions, savings and investments, and Social Security provides adequate income. But the biggest threat of poverty comes after a spouse dies, and the elderly widow is left with a significantly reduced income. It usually costs the survivor about 75 percent as much to live as it cost the married couple. The increase in the survivor's benefit is needed to combat poverty among elderly women.
- This is interesting to me because it shows how a combined income and benefits allow for adequate funds for the couple to live on comfortably in their twilight years. These are the years when the couples who faced all the difficulties and challenges ...
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- MPhil/PhD (IP), Open University, Milton Keynes, UK
- MA, Open University, Milton Keynes, UK
- Certificate, Geva Ulpan (via Universita Tel Aviv)
- BA, University of the Philippines
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