SS
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
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| show | Not an investment plan or insurance plan. Is an agreement among American that no one should retire into poverty
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| show | Program for Disabled , Program for widows and orphans, Program for the retirees
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| show | Founded in 1935. Intended to provide a minimum level of benefits just above poverty. Designed to help the poorest 70%. Later expanded to include nearly all employees and empolyers
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| How Social Security Works | show 🗑
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| How much does Social Security have in Treasury Bonds | show 🗑
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| SS Taxes | show 🗑
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| show | When you retire people who are working will be paying taxes to take care of you
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| show | Your benefits are mostly based on how much you paid in Social Security taxes. Higher Income more taxes you paid more you will receive. Less taxes you paid less you will receive
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| Social Justice and Social Security | show 🗑
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| show | costs are only 1.3 % of revenue due to lack of advertising, marketing, sales cost, large CEO costs . dividends to shareholders.
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| show | SS is very important to many retirees. for 24.7% of retirees, Social Security is 50% or more of their income. For 51.8 % of retirees, Social Security is 50 % or more of their income
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| show | Widespread media discussion. Fear that Baby Boomers will swamp the system. The fear about Social Security failing is a
fear about economic dependents.
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| show | Groups of people who are economically dependent on rest of society.
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| show | Elderly divided by The total population
• Elderly are 65 and older.
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| Total Dependency Ratio | show 🗑
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| What are factors that affect social security. | show 🗑
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| Labor Market Participation | show 🗑
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| show | The greater the labor market participation rates,
the more people working.
• more people working more taxes are paid
to SS
• The more taxes collected, the greater the revenues.
• Increased labor market participation is good
for Social Security.
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| Mortality and Longevity | show 🗑
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| show | The lower the mortality rates, the more
people survive long enough to retire.
• That means more people able to collect
Social Security.
• Lower mortality rates results in higher
Social Security spending.
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| show | The greater the longevity rates, the longer
people live.
• The longer they live, the longer they collect
Social Security.
• Greater longevity results in higher Social
Security spending.
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| Mortality and Longevity Impact | show 🗑
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| show | How many children are born and survive past
age one.
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| show | "Lower birth rates lead to fewer economic dependents and workers paying into the Social Security system, as well as fewer retirees collecting from the system later. The impact of low birth rates on SS in the U.S. has been a long trend low birth rates.
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| Immigrants | show 🗑
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| show | Immigrants can’t collect until they become
citizens.
• And immigrants can’t collect until they have paid
a certain amount in taxes to Social Security.
• And immigrants can’t collect until they retire.
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| Immigrants SS | show 🗑
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| show | Immigrants cancel out most of the
falling birth rate effect.
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| show | how quickly the economy grows
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| Economic Growth Impact | show 🗑
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| show | – How much output for our inputs.
– How much we can produce with our use of
energy, labor, raw materials
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| Productivity Impact | show 🗑
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| Forecasting | show 🗑
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| Whats good for Social Security. | show 🗑
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| show | Every forecast past 6 months is likely to
miss the target. The further into the future, the more
problems/errors.
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| Unpredicted Events | show 🗑
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Created by:
bellam08
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