Article Analysis
...nd it plays an important position in our well been. The social security program has two roles, one is a retirement savings plan and second is the redistribution of wealth to lessen poverty among the elderly. This is system is not enough to survive on today's economy. The Social Security Program has serious funding problems. The article goes into detail on proposals that have been presented to officials of the social security administration with recommendations on how to fix problem, but none of these proposals are without administrative and political difficulties. These proposals include Reducing Benefits, Increasing Revenues, and Increasing the Return on Assets of the Social Security Trust Fund. The research Method used for the Social security funding problem was data analysis collected from the individual's Primary Insurance Amount, which, in turn, is based on that individual's average indexed monthly earnings (Anders & Hulse 2006). The average indexed monthly earnings is calculated by adjusting each year's covered earnings (i.e., earnings not more than the maximum OASI base) for growth in average earnings between the time they were earned and age 60. The 35 highest years of adjusted earnings are averaged, and the result is divided by 12 months to yield average indexed monthly earnings. The primary insurance amount is based on the average indexed monthly earnings increases, but it [no comma before "but" -- the following is not a stand-alone clause] does so at a decreasing rate (Anders & Hulse 2006). In 2006, the primary insurance amount is 90% of average indexed monthly earnings below $656, plus 32% of average indexed monthly earnings between $656 and $3,955, plus 15% of average indexed monthly earnings more than $3,955. The primary insurance amounts is then adjusted for inflation (rather than growth in average earnings), and it is adjusted downward or upward for individuals who begin receiving Social Security benefits before or after reaching full retirement age (Anders & Hulse 2006). In the last couple of years, the social security full retirement age had been gradually increasing from 62 years old to 67 by the year 2022. The chart below extracted from the article depicts the affiliation between average indexed monthly earnings and the primary insurance amount. The bottom-line is that the higher average indexed monthly earnings individuals receive larger monthly Social Security benefits than lower-average indexed monthly earnings individuals do. The more dollars that you [Word choice. "You" and "your" are second person pronouns that mean general humanity. In academic writing, replace second person (you and your) with a third person pronoun (he, she, it, one, and they) for more specific writing.] put into the system the more benefit you [Eliminate second person "you" and "your" in academic writing.] will draw when you reach retirement age. (Anders & Hulse 2006). An excellence Social Security benefit research program will allow to protect and give the proper resources to the economic well-being of the aged and disabled populations. This is particularly true for the aged among whom receipt of Social Security benefits is nearly universal and reliance on such benefits is important. This statistical research articled was mainly done on total population; I recommend doing a statistical research on the sampling Method. The researcher clearly defines the target population being studied and...