Describe longterm stresses on social securitySolutionSocial

Describe long-term stresses on social security

Solution

Social security is a government policy to provide monetary aid to people with no income or inadequate income. It is implemented as it ensures the well-being and provides a sufficiency of basic amenities to those who are vulnerable sections of the population. The long-term stresses imply that major portion of social security addresses to the older generation and because of a shortage of funds in this sector it requires long-term investment by the government.

In the US, it is a federal program led by social security administration which provides retirement income to senior citizens who have paid in the program. It is also associated with covering the cost of long-term aging care.