If we take the former approach, we must now combine men and women together demographically; women now work far more outside the home than they did in 1935. According to the United Nations, this is now roughly 80 years, meaning the retirement age should be pushed to 70, allowing 5-8 more years of pay ins, and far fewer years of pay outs (World Population Prospects, 2006). In addition, if we follow the original mandate, Social Security is a supplemental or emergency program, not meant for those who do not need it. So, if we take a two-pronged approach; moving the retirement age to at least 70 and recategorizing those who take retirement benefits based on their savings and investment programs, we are in more of a fiscal position to tweak the system already in place. While this may seem unfair to some, if we think about it logically, those "baby boomers" who have had a longer time for earning at higher wages have had the opportunity to place more assets into retirement. If the GAO finds that it takes, on average X dollars to live after retirement, and their portfolio is worth 5-10 times that much, they can perhaps not qualify for Social Security without it becoming a hardship. Yes, they paid into the program, as well as...
Contrast that with a member of the working-poor who has not saved and works until 70-72, just to survive. This is the level of the population that the program was intended for. However, if this is not the way we wish to view the program, and we want it as more of a long-term savings program, then we should revamp it, change the investment strategies and structures, and align it more closely with a sliding scale of income, ensuring that there is a balance between intake and output (Gale, 2010).
Psychology, Financial Decision-Making, and Household Management Reason for Selecting Subject The reason I chose this subject is that in the recent times, the aspect of financial education and understanding has become a contentious and significant one. Its importance has been realized largely because there is increasing intricacy of financial products and also the increasing accountability and liability of people with respect to their own financial well-being. It is imperative to note that
The main purpose of this research study is to understand the psychology of decision-making and management of households with respect to Arab students living abroad. The study will take into consideration the impact of the difference in culture and also the influence of such culture in dealing with bank interest. The research model used in this study is the addition of a moderating variable. The data will be collected through
running the daily operations for a family household. Consider a typical household and family -- two adults and two children. The task at hand needs as much planning and utilization of resources as any organization; except, in this case, on a smaller scale and with a lower-risk. The paper will look in depth at the resources and requirements of the household and the optimum and their optimum utilization. These factors
financial condition of a hypothetical town; Swobodaville. The paper analyzes the town's revenue structure, and expenditure profile among others. In addition, paper outlines how public organizations within this town use data from audits and assessments to increase their effectiveness. Financial Condition There are several factors that are likely to influence the town's revenue structure. These factors are economic growth, taxations among others. The town has taxation waivers which may have led
S., France and publicity, Chad was able to renegotiate more favorable contracts with the Bank, expropriate over $450 million in taxes from the private Consortium firms which they claim they had already paid, under the threat of replacement with Chinese firms. Global oil prices spiked, and Chad cleared over $1 billion in revenues in the last year of the Bank's project in 2008. Much of this increased income coincided at
Health Advocacy Campaign The basic purpose of the consumer education programs is to promote awareness about the effects that tobacco has on our health. These programmes have basically been made in a way to induce fear in the people in order to emphasize the largest cause of preventable death all around the world and to make the young people stop smoking (Fletcher, 2007). It has been noticed through the researches that were
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