The federal insurance program that provides benefits to retired and disabled people who pay into the system through payroll taxes.
Social Security Preservation
Proponents of social security preservation argue that the decades-old program protects recipients from poverty due to rising consumer prices and health issues. They also argue that the program has grown in importance as employer pensions become less common and investment vehicles more complicated.
Social Security Reform
Proponents of Social Security reform propose replacing Social Security with a private system of individual retirement accounts that provides greater returns on investment. They also argue that the program's funding mechanism is unsustainable over the long term due to demographic changes.
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