Social Security System Essay

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The current social security system should not be replaced by a private pension program. Replacing the problem would only make the current issue worse and cause more problems down the line. The issue with social security isn’t that people are living longer, it is the fact that people are having fewer children. The biggest problem is the economy, not how the current system is being ran. The only problem with social security is the fact that newer generations don’t believe that it will benefit them by the time they retire.
One of the biggest issues is the fact that future generations are having fewer children. Since the baby boom, the amount of children being born per year have been declining. Therefore, with fewer children being born the current …show more content…

Since the 1960s and more forms of birth control have been found, social security funds have been challenged by a revolutionary improvement that has been brought into women’s lives. To solve this issue the government will have to implement more taxes on people in the workforce to help fund the future of social security.
To solve this issue we need to find a way to generate the amount of money lost by fewer people entering the workforce. Mainly because this is the only issue with the system, fewer people working which equals to social security’s budget to be low. One way to solve this issue would be to implement more taxes, or to ensure more security over its treasury. As long as the treasury is protected with its surplus in those accounts it should help secure future generations of retirees.
Overall social security should not be replaced with a private pension program. All that must be done is to help fix the current system and find another way to gather funding. Instead, invest what can be afforded safely so that even if the stock market was to crash the money would be safe. So no social security should not be replaced with a private pension program because it would not help hard working Americans when it came their turn to

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