1. Context – Domestic Policy & Social Security
2006 Q2 – In recent decades, entitlement programs have constituted a substantial portion of the United States budget. Social Security is the largest entitlement program. _______ Government programs that provide mandated/guaranteed benefits to those eligible.

2. Warm-Up Discussion https://www.youtube.com/watch?v=k1hCklDziYA
Do you know anyone who gets Social Security checks?
Do you think Social Security is a scam? Do you think its fair for the gov’t to take your money only to pay you back when you’re older?
Do you think you would do a better job of saving for your own retirement?
If you retired in 2017, your check would ~1300 per month. (Avg. rent in LA for one-bedroom is ~1,440 per month)
Pre-Warm Up Questions – Does anyone work? Do you get Social Security taken out? Does anyone know what Social Security is?
Donald Trump on Social Security

3. Social Security - A government system that provides _____
Social Security - A government system that provides _____. (65 years old)

4. Social Security paid through ____ (6
Social Security paid through ____ (6.7%) Young/Working/Able Adults pay for the Elderly

5. Age Breakdown in United States (2010 Census)
Percentage
65 years and old
14.5%
18-44 Years Old
62.5%
Under 18
24%

6. The Baby Boomer Generation occurred post-WWII (1945) after troops returned home. This increase in births is called the Baby Boomer Generation. This is related to Social Security because as the baby boomers become older and are Senior Citizens (65+) there needs to be more money to be paid out to these people.

7. US Population Projections
<18 Years Old
Adults (18-65)
65+
2030
2060
2017

8. Trends in Social Security
_____. (Will there be enough money?)
1. There will be _____. BABY BOOMERS are getting old!
2. ____. Life expectancy is 78 years old! (2015)
_____(Will there be enough money)
3. With fewer workers in the future, less money is being paid in, and more money is being paid out

9. What can the gov’t do to fix Social Security?
_______
People will have to pay into the program longer.
More money will be paid into Social Security
In addition to paying Social Security, you need to ____ and ____ your money so that you have enough money to retire!