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Social security benefits are amongst the most powerful motivators for people to work. When people are in service, they are not unaware of the fact that at their old age they will no longer be able to put food on their family’s table. Many people do not have the advantage of their children being able to help them with livelihood after their retirement even fewer people have anything left in them to work after the age of 60. This accounts to be the reason why people prefer retiring at 62 years of age when their social security benefits mature (NASI, 2015). The fact that people do not work in their last 4 years of permissible service illustrates that social security benefits mean so much for people.
The government must not cut these benefits because otherwise such a large number of people will not be able to remain self-dependent. Yes, people who are about to retire are in a substantial number and so many people cannot be granted “free money” as they call it, the government must also then be aware of the fact that old homes and welfare centers for the homeless can only inhabit so many people (Social Security, 2015).
People who long for their social security benefits to mature are those who do not make enough salary that pays their mortgage or helps them make any savings to put away for a long time (Riffkin, 2015). They earn only enough money that passes their month and by the end of it they are running dry. However, if paying old aged people money every month hurts the budget of the government; will it be suitable for the government to pay these people up one time after retirement? If so, is it equally beneficial for the retired workers too?
References
NASI. (2015). What is the Social Security Retirement Age?. Retrieved July 3, 2015, from https://www.nasi.org/learn/socialsecurity/retirement-age
Riffkin, R. (2015). Average U.S. Retirement Age Rises to 62. Retrieved July 3, 2015, from http://www.gallup.com/poll/168707/average-retirement-age-rises.aspx
