1. SOCIAL SECURITY RETIREMENT BENEFITS
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2. Introduction
Government intervention is a series of actions that are often carried out a specific government or the entity of the public that has a simultaneous effect on the market economy.
In most cases, it has an objective of impacting the overall economy of the nation
Therefore, government intervention is more of a process undertaken by a particular government (which is beyond the provisions that are laid down in the contacts ad provisions of public goods).
In the United States, government interventions has continually advocated the use several economic policies with an aim of compensating the flaws and shortcoming of the overall economic system.
Government intervention is a series of actions that are often carried out a specific government or the entity of the public that has a simultaneous effect on the market economy. In most cases, it has an objective of impacting the overall economy of the nation-so in simple terms government intervention is more of a process undertaken by a particular government (which is beyond the provisions that are laid down in the contacts ad provisions of public goods).
In the United States government interventions has continually advocated the use several economic policies with an aim of compensating the flaws and shortcoming of the overall economic system.

3. Social Security Retirement Benefits
Social insurance discussions were rampant during the Industrial Revolution
Though, before then mini-societies looked at the issues but it wasn’t yet materialized by the Federal government.
It was activated by:
Increases in urban populations
Increase in the numbers of the old people in the society (65 years and above)
social insurance is specific strategy which provided is a method and a procedure for addressing the problem of economic security in the context of modern industrial societies. The need and imperativeness of the social securities was first seen during the industrial revolution. Even if social insurance were often seen before the industrial revolution, its importance was discussed after the industrialization period. It was activated by the sudden increases of urban population. And the observation that the number of older people(65 Years and above) was increasing also activated the government to intervene and bring the policy of social security for the old people in what is called the “Social Security retirement benefits”

4. Growth in U.S. population aged 65 or older, selected years 1870–1940
The above was the trend that was observed by the Federal government in the United States. It was observed that the numbers of the old people were rising very fast. The government intervened and documented a policy that was aimed at ensuring that the old people would always be secured. It was obvious that they would not be any good position of working in the future and that could have made them venerable to several issues such as health and related problems, cleanness and many more. So during the Industrial Intervention a forecast showed that the numbers would increase in the nation and that called for a new social policy that would ensure that the old age of workers was always secure.

5. Analysis
Apparently, there are several issues that are related to Social Security retirement benefits.
One thing is that several economists have a different view when it comes to this idea.
In most cases, the economy is driven by young people. People who are able to work efficiently.
Introductions of these retirement benefits could affect the man power in several organizations.
People will reduce or control giving birth beyond the recommended levels.
Traditionally, children were seen as the best retirement benefit
So social benefits will translate to less births and that translates to less young people in the society and hence the manpower decreases. All that affects the economy negatively.
Apparently, there are several issues that are related to Social Security retirement benefits. One thing is that several economists have a different view when it comes to this idea. In most cases, the economy is driven by young people (People who are able to work efficiently especially in manual jobs). Introductions of these retirement benefits could affect the man power in several organizations. Traditionally, children were seen as the best retirement benefit. So social benefits translate to less births and that translates to less young people in the society and hence the manpower decreases. All that affects the economy negatively.

6. Beneficiaries Old people who have already retired
Spouses who are not employed
Children who are still not working-probably still in school
Maids and other workers who are employed to work for the old people
With the intervention from the government on the issues of social security several people were expected to benefit from it. Firstly, people in the old age are likely to be the biggest beneficiaries as some of them retire without having created personal savings or investments that can be productive to them in future. Additionally, some people marry spouses who are not employed and the same can also benefit from the retirement benefits and the younger kids who would be possible be in school. And, on a positive note several people are employed in the homes of the old aged individuals and they are paid very well. that drives the economy to some extent.

7. Negative Impacts
It is quite clear that employers are likely to be the main causalities.
Especially those in the industrial sections
The building and construction industries likely to be affected
However, companies that require less expertise will be less affected
Low birthrates will be the main reason why the industries will be affected
Sometime gaps will be recorded in the expertise and experience in the job field.
It is quite clear that employers are likely to be the main causalities. Especially those in the industrial sections. The building and construction industries likely to be affected. However, companies that require less manual operations will be affected. Low birthrates will be the main reason why the industries will be affected and sometime gaps will be recorded in the expertise and experience in the job field. As seen earlier employees will tend to reduce the number of children that they give birth to and some of them decide to even marry a little later in their life and that could lead to the issue of lack of enough manpower in the industries and also expertise gaps could be observed.

8. Externalities
At the time when the Social Security retirement benefits were being developed and implemented by the federal government, several things had not been noted.
One thing the government had not evaluated on the fact that the latter was to evolve over time.
They did not also try to look at the in depth externalities that would be related to the issue at that specific time.
“The second set of influences of the system on labor markets operates via the share of the payroll tax nominally paid by employers. To the extent that employers cannot shift 100 percent of the burden of this tax on to employees in the form of lower wages (or lower wage increases), this share of the tax is likely to affect firms' employment decisions (Ehrenberg 1979).
Underfunding is also possible and can lead to some people contributing but they end up failing to enjoy the full benefits in future.
At the time when the Social Security retirement benefits were being developed and implemented by the federal government, several things had not been noted. one thing the government had not evaluated on the fact that the latter was to evolve over time. They did not also try to look at the in depth externalities that would be related to the issue. Ehrenberg (1979) already observed, “The second set of influences of the system on labor markets operates via the share of the payroll tax nominally paid by employers. To the extent that employers cannot shift 100 percent of the burden of this tax on to employees in the form of lower wages (or lower wage increases), this share of the tax is likely to affect firms' employment decisions.

9. Cost Trend
$19.9 trillion funds have been collected from employees by the government since the social retirement benefits plan was introduced.
Retirement benefits are a big concern to both employers and employees
For some decades the participation has decreased and sometimes its decreased
In the early 1990’s, “32 percent of private-industry workers participated in a defined benefit plan, while 35 percent participated in a defined contribution plan…” (Costo, 2006)
in the early years of the 21st century the numbers increased to 42%.
In modern days the prevalence of cash balance arrangements (and other benefit plans) and issues to deal with investment affect the participation of employers in extreme retirement benefits options.
The latter varies across different states, where about seven states in USA give provisions that people who are in the public retirement benefits plans are in a constant contract with the state government. In this states, it is quite difficult to change the terms and the structure of employee’s retirement benefits. Some of these states include Illinois and California.
$19.9 trillion funds have been collected from employees by the government since the social retirement benefits plan was introduced. Retirement benefits are a big concern to both employers and employees. For some decades the participation has been varying and hence the costs tended to increase or decrease at specific periods.
In the early 1990’s, “32 percent of private-industry workers participated in a defined benefit plan, while 35 percent participated in a defined contribution plan…” (Costo, 2006) and in the early years of the 21st century the numbers increased to 42%.
In modern days the prevalence of cash balance arrangements (and other benefit plans) and issues to deal with investment affect the participation of employers in extreme retirement benefits options. The latter varies across different states, where about seven states in USA give provisions that people who are in the public retirement benefits plans are in a constant contract with the state government. In this states, it is quite difficult to change the terms and the structure of employee’s retirement benefits. Some of these states include Illinois and California.

10. Conclusions
To some extent, Social Security retirement benefits have largely been very beneficial to American citizens at large even it there ae several shortcomings that could be pointed out.
The social security retirement benefits have been able to realize most of its goals that led to its formation 82 years ago.
It has impacted the comfort and the health of individuals in their old age
Created a better way of people improving the economy even when they are not working.
To some extent, Social Security retirement benefits have largely been very beneficial to American citizens at large even it there ae several shortcomings that could be pointed out. The social security retirement benefits have been able to realize most of its goals that led to its formation 82 years ago. It has impacted the comfort and the health of individuals in their old age. The introduction of the social security retirement plans created a better way of people improving the economy even when they are not working. In modern days, people are always encouraged to even go ahead and even apply for private retirement benefits plans.

11. Recommendations
People should be encouraged to claim the retirement benefits once they are 70 years so that they can have identified the several ways that they can make use of the money.
People should also be well trained on all issues that surround the taxing of retirement benefits
The government should reduce the taxes that are imposed on retirement benefits
The taxes vary from several individuals on the basis of marital status and the number of children that they have. The task for each of these individuals should be minimized.
Individuals should also be encouraged to not avoid marrying or giving birth to enough children where possible so that issues to do with expertise gaps can be solved efficiently.
Additionally, more people should be encouraged to take part in these plans, to reduce underfunding of the same.
People should be encouraged to claim the retirement benefits once they are 70 years so that they can have identified the several ways that they can make use of the money. People should also be well trained on all issues that surround the taxing of retirement benefits. The federal government should reduce the taxes that are imposed on retirement benefits. The taxes vary from several individuals on the basis of marital status and the number of children that they have. The task for each of these individuals should be minimized. Individuals should also be encouraged to not avoid marrying or giving birth to enough children where possible so that issues to do with expertise gaps can be solved efficiently. Additionally, more people should be encouraged to take part in these plans, to reduce underfunding of the same.

12. References
Costo, S. L. (2006). Trends in retirement plan coverage over the last decade. Monthly Lab. Rev., 129, 58.
Ehrenberg, R. G. (1979). The Impact of Retirement Policies on Employment and Unemployment.
Inderbitzin, L., Staubli, S., & Zweimüller, J. (2016). Extended unemployment benefits and early retirement: Program complementarity and program substitution. American Economic Journal: Economic Policy, 8(1),
Morris, A. E. J. (2013). History of urban form before the industrial revolution. Routledge.