Social Security Concerns in Retirement

Definition

These are worries about the adequacy and sustainability of social security benefits during one's retirement years.

Related terms

Social Security Act: A law enacted in 1935 to create a system of transfer payments in which younger, working people support older, retired people.

Entitlement Programs: Government programs providing benefits to members of specific groups based on established rights or by legislation.

Fiscal Policy: Government policy that attempts to manage the economy by controlling taxing and spending.