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More and more talk recently about the fact that Social Security is on the fast decline has left many people, especially those around the retirement age, wondering what they are going to do for their income when they retire and the system falls through. The fact that this system is disappearing is quickly turning into a major problem because there is a large percentage of the economy that is on the verge of retiring and they are going to need money for that. How, though, will they receive this money if it no longer exists?
Social Security is a system that is set up in the United States that helps people of old age still have a source of income after they retire. It even helps some people who have medical issues and are not able to work. Everyone that does work, however, has to pay a percentage of every paycheck they make towards the Social Security fund to help the people who need it. Then, at a certain age, when people are eligible for it, they start receiving payments from it while other people continue to pay into it. But for some time now, there has begun to be more people taking…
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