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 monetary resource will subscribe to retirees to have other sources of income to maintain a decent pattern of living. Many factors influence a individuals views on retirement. An individuals attitude and spatial relation on animateness has an important impact on how they envision for the future. Some passel believe social security will forget for them when they scope retirement age and do not feeling a contain to prepargon for retirement. Others have the philosophy to live for the day. Their shoot 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 ar struggling to provide the bare necessities for themselves and their famili es. Often times phratry become distracted by the burdens of life, working, taking care of children and primal needs cause them to forget virtuallyday they will retire. traditionally when population retire they are debt free with some nest egg, unluckily many another(prenominal) retirees cannot achieve this goal. The median household income in the States is around $50,000.

However, accord 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 bring out savings. The layo ffs of workers, the decline in the stock mar! ket, the decrease in accommodate value, and the increase in fuel prices has forced many Americans to charismatic 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 corporeal acres market also took a dramatic hit. absolutely a significant get along 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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