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Q: What is Social Security? Discuss how it fits into your retirement plan. There are concerns that Social Security may have trouble paying full benefits in the future. Why does this matter to you
now?
A: Social Security is a mandated supplemental retirement system in the US that was established in 1935 as part of Roosevelt's New Deal. [ It was motivated largely by the events of the Great Depression, which saw many Americans out of work and the nation's retired elderly often left in the direst of poverty. The intent of the Social Security program is to ensure a threshold subsistence level below
which any worker who had paid into the program cannot fall. ]
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Original conversation
User: What is Social Security? Discuss how it fits into your retirement plan. There are concerns that Social Security may have trouble paying full benefits in the future. Why does this matter to you now?

Weegy: Social Security is a mandated supplemental retirement system in the US that was established in 1935 as part of Roosevelt's New Deal. [ It was motivated largely by the events of the Great Depression, which saw many Americans out of work and the nation's retired elderly often left in the direst of poverty. The intent of the Social Security program is to ensure a threshold subsistence level below which any worker who had paid into the program cannot fall. ]
OU812vh1|Points 218|

User: Social Security may have trouble paying full benefits in the future.

Weegy: Most countries has Social Security plan that benefits contributor on their retirement. The money can be withdrawn in full or as monthly pension. The amount of pension depends on the amount of contributions made. [ In US, there are concerns that there won't be enough funds to support people in their retirement because the number of aging people is greater than those contributing to the funds. ]
Expert answered|canozzie|Points 0|

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Asked 12/8/2010 5:36:45 PM
Updated 9/22/2011 11:24:25 AM
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Added 9/22/2011 11:24:25 AM
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