social security reforms

social security reforms

Discussion

Play the Social Security Game (Links to an external site.)Links to an external site. to solve the Social Security problem. Detail your choices, noting the why’s of your choices and also discuss the effects on the stability of employment, inflation, and GDP as a result.

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Answer preview

Social Security’s financial state shows that there is a need for having reforms due to the projected financial problem for future retirees. This has caused many to believe that social security is about to collapse or it is a scheme but these are myths (American Academy of Actuaries, 2017). The only challenge that the trust fund is experiencing is a long-term financial problem but based on the actuaries’ perspective, the financial problem should not scare retirees. The social security board calculates…

 

(300 words)

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