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Acton Lawyers
Recent news headlines foretell about the looming predicaments and dilemmas facing Social Security but the same may be avoided with the help of Social Security Acton Lawyers. Although most would agree that current recipients are in no imminent danger of losing their benefits, or having their benefits reduced, what remains in the horizon is the future of this social welfare program but this brewing predicament may be answered by Social Security Acton Lawyers, which has financially aided Americans for over 75 years. Pressing questions need to be answered.
The Social Security Act, signed into law by President Franklin Roosevelt in 1935, formed a federal program for unemployment insurance, old-age pensions, aid to dependent children as well as offered federal grants to states for workers’ insurance plans and medical care. Disability insurance was added to the Social Security program in 1954, and Medicare was added in 1965.
Social Security Acton Lawyers state that the present program is a pay-as-you-go system in which the taxes paid by current workers are immediately sent to current retirees as benefit checks. Surplus money is put into a trust fund for use when taxes don’t cover benefits. That means the system can only function when the benefits paid to retirees are equal to or less than the Social Security taxes paid by workers to avoid such dilemma Social Security Acton Lawyers must be contacted.
Social Security’s future financial troubles will arise due to fact that more and more Americans are living longer, and American families are choosing to have fewer children. This suggests the retiree portion of the U.S. population is increasing and the worker portion is decreasing. This is the real quandary facing Social Security at the moment.
Social Security is a pay-as-you-go program, and by law, no one has “earned” Social Security benefits or the benefits “owed” to them. In 1960, the U.S. Supreme Court ruled that the federal government is not obligated to pay Social Security benefits to anyone and the government is entitled to cut benefits at any time but together with your Social Security Acton Lawyers this right can be afforded.
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