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Essay / Research Paper Abstract
This 4 page paper examines a report by Estelle James published in 2005 on Social Security reform. The report is discussed and the topic is also addressed in general. Bibliography lists 4 sources.
Page Count:
4 pages (~225 words per page)
File: RT13_SA538SS.rtf
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Unformatted sample text from the term paper:
security base (James, 2005). The report interestingly points out that for example while only 2.5% of wages are taken from paychecks in Sweden, Chiles government takes 12.5% for the same
thing (James, 2005). It is also noted that, when examining different programs around the world, it seems that some nations allow the recipients to take a lump sum, while other
governments require recipients to withdraw the money gradually (James, 2005). The author concludes: " The most important commonalities among all these systems involve the creation of a minimum pension and
strong restrictions on payouts, both consistent with the original purpose of Social Security - to ensure that the elderly remain above a reasonable income level throughout their retirement years" (James,
2005). This is certainly true. However, the origins of Social Security in the United States are really a part of the New Deal that was implemented to get the country
back into shape after the Great Depression. It was not initially intended as a permanent program to help older people manage their money. In any event, Social Security has become
an important part of the American economic system. In any event, it seems that the purpose of this study is to compare and contrast the U.S. system with other social
security systems abroad, perhaps in an attempt to gain new insights in respect to reform. The Social Security system in the United States is sorely in need of help. It
appears that there is a sense it will run out of money, largely due to the fact that boomers will drain everything it has. Again, this is a global problem
and so, in one sense, it is prudent to look and see how other governments have handled the matter. This look at social security reform is pertinent, but the author
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