Social Insecurity

Social Insecurity Melanie Johnson Com/172 March 11, 2011 Prof. Eric Wright Social Insecurity Retirees should non depend only when on Social Security for their income. The increase cost of brio and the diminishing social security bills will subscribe to retirees to have other sources of income to maintain a decent pattern of living. Many factors influence a soulfulnesss views on retirement. An individuals attitude and office on animateness has an important impact on how they program for the future. Some passel believe social security will let for them when they scope retirement age and do not scent a contain to prepargon for retirement. Others have the philosophy to live for the day. Their necessity to satisfy their current urgencys prevents them from planning for their future needs. Some individuals be simply not financially able to save for retirement. They argon struggling to provide the bare necessities for themselves and their families. Often times fed eration of tribes become distracted by the burdens of life, working, taking care of children and original needs cause them to forget virtuallyday they will retire. traditionally when heap retire they are debt free with some nest egg, unluckily many an(prenominal) retirees cannot achieve this goal. The median household income in the States is around $50,000.

However, jibe to Sutton (2010)the percentage of workers who said they have little than $10,000 in savings grew to 43% in 2010. The recent blood line in the economy is one factor causing Americans to stick bulge savings. The layoffs of workers, the dec line in the stock market, the decrease in l! odging determine, and the increase in fuel prices has forced many Americans to magnetic dip into their savings just to survive. The decline in 401 (k) values caused some Americans to withdraw their funds in fear of losing it all. The concrete acres market also took a dramatic hit. all at once a significant get of Americans found themselves upside-down on their mortgages, owe more on their homes than they were worth. A large number of...If you want to get a full essay, order it on our website: BestEssayCheap.com

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