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Social Security For Dummies, 2nd Edition by Jonathan Peterson

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Chapter 16

Ten Reasons Young People Should Care about Social Security

In This Chapter

arrow Looking at Social Security’s protections for young people

arrow Understanding the growing value of guaranteed benefits

arrow Appreciating Social Security’s role in fighting poverty

arrow Recognizing that benefits for older Americans help everyone

If you have years until retirement, you have a vital stake in the future of Social Security, and this chapter explores many of the reasons why. For starters, proposals to modify benefits — such as by raising the retirement age or reducing benefit levels — usually are designed with younger workers in mind. (Policymakers have traditionally felt that changing the rules for current retirees or workers who will soon join their ranks is unfair and that young people have time to plan.)

Whatever you may think of the nation’s budget issues and how best to address them, it’s worth knowing that future beneficiaries would feel the brunt of proposals aimed at curbing Social Security benefits. If you’re a young person, that future beneficiary is you.

But younger Americans have a stake ...

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