Sentences with phrase «u.s. social security system»

Currently, the U.S. Social Security system is largely a pay - as - you - go program, with workers paying taxes that fund the benefits of current beneficiaries.

These demographic trends raise concerns about the long - term solvency of the U.S. Social Security system.

These demographic trends raise concerns about the long - term solvency of the U.S. Social Security system.

Currently, the U.S. Social Security system is largely a pay - as - you - go program, with workers paying taxes that fund the benefits of current beneficiaries.

Under the current structure of the U.S. Social Security system, the age to receive full benefits (also known as «full retirement age» or «normal retirement age») is 65 for workers born in 1937 or earlier.

When President Franklin Roosevelt created the U.S. Social Security System 53 years ago, the median life expectancy was 63.7 years.

Not exact matches

Project Jasper, a joint effort between the private sector and Canada's central bank and payment systems operator over the past two years, is a good example of this type of work, and is a blueprint that the U.S. should follow if we ever want to see blockchain become a viable Social Security number replacement.

It is worth noting that while people under age 65 in the U.S. live in a heavily market - dominated economy where poor employment outcomes mean poverty and a lack of access to health care, almost everyone over age 65 has most of their healthcare paid for by Medicare, (a FICA tax financed, single payer system that pays providers more or less the same rates as private insurance companies and has few cost controls), more than half of their nursing home costs paid by Medicaid, (which is stingy in how much it pays providers and moderately means tested), and receives enough of a guaranteed income from the combination of Social Security and SSI payments to keep the poverty rate for people age 65 +, (even if they have no retirement savings of their own), above the poverty line, regardless of the state of the local economy.

«Here in the U.S., it's important because [while] most people in the university system have a social security check,... it's probably not enough.»

However, by doing minor tweaks & changes to the Social Security system, the U.S. Senate Special Committee on Aging report said social security benefits could be enough to pay out for the next 75 Social Security system, the U.S. Senate Special Committee on Aging report said social security benefits could be enough to pay out for the next 7Security system, the U.S. Senate Special Committee on Aging report said social security benefits could be enough to pay out for the next 75 social security benefits could be enough to pay out for the next 7security benefits could be enough to pay out for the next 75 years.

As a result, the U.S. dependency ratio is increasing, adding pressure to an already fragile Social Security system.

Though the U.S. has not talked publicly about how the breach happened, U.S. Department of Homeland Security official Andy Ozment testified that the attackers had gained valid user credentials to the systems they were attacking, likely through social engineering.

As a result, the U.S. dependency ratio is increasing, adding pressure to an already fragile Social Security system.