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By: Michelle Ly
Estrada, & Linh Nguyen

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Social
Describe how Social Security is funded
and why the text describes it as living on
borrowed time.
What are the possible scenarios for its
future? What do you think will happen,
and why?

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What is Soc

Social welfare policies:

attempts to provide assistance and
support people against lifes crises &
catastrophes (serious sickness,
disability, the ravages of aging or job
loss).
Social Security Act of 1935
Two Programs:
o ENTITLEMENT: provided by law &
regardless of needs
Biggest entitlement: Social
Security & Medicare
o MEAN-TESTED PROGRAMS:
Provide benefits selectively only
to people w/specific needs
To be eligible, must prove.

Describe how Social

Security is funded and
why the text describes it
as living on borrowed
time.
What are the possible
scenarios for its future?
What do you think will
happen, and why?

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Financed through a
dedicated payroll tax.
Employers &
employees each pay
6.2% wages up to
taxable max. of
$117,000 (2014)

Describe how Social

Security is funded
and why the text
describes it as living
on borrowed time.
What are the possible
scenarios for its
future? What do you
think will happen,


.
.
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b
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Liv
Describe how Social Security is

Definition: not expected

funded and why the text describes it
to last much longer
as living on borrowed time.
By the turn of the 21st
What are the possible scenarios for its
Century Social Security
future? What do you think will
happen, and why?
has become the most
expensive public policy in
the history of the world.
1965 Medicare was
added.
Life expectancy now is
around 80 and fewer Birth
Rates.

Possible scenarios in the future?

Social Security has to
change.
Increase
contributions, lower
payments, delay
retirement, tax the
rich more, or some
combination of all.
The system will go
bankrupt eventually

Describe how Social

Security is funded
and why the text
describes it as living
on borrowed time.
What are the possible
scenarios for its
future? What do you
think will happen,

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Wh a
Describe how Social
Policy will be
Security is funded
change to
and why the text
accommodate for describes it as living
todays problems. on borrowed time.
However we
What are the
want it to crash
possible scenarios for
and burn
its future? What do
because that
you think will