Future of Policies and Programs for Older Adults - Research Paper Example

More over, industrial revolution steered improved lifestyles involving America. For instance, Americans drifted to urban localities and life spun lengthened together with economic levels advanced by 1935 (Hooyman & Kiyak, 2008). Consequently, advanced economies championed the necessitation of protection and hence stimulated the foundation of social security. Therefore, 1935 marks the drafting and execution of the Social security Act. This included an initiative championed by Roosevelt. Primarily, the act exempted substantial number of employees benefiting from the program.

Besides, women and other minorities entailed their exemption from the program (Hooyman & Kiyak, 2008). Therefore, well-off individuals benefited from the cover after retirement by 65 or so ages. Social security owes it establishment to the need to uphold retirees after hitting 65 years. In addition, the program concentrated on ascertaining reimbursements for employees that endured disability in their working course. Currently, the program serves substantial populations of the US populaces (Hooyman & Kiyak, 2008).

Statistical data exemplifies that the program benefits over 51 million persons and consumes around $ 650 billions. This includes benefits disseminated to minority groupings like the widows. In addition, widows may commence profiting from the programs when at 50. This expounds that social security renders support to such minority persons. Statistical data also unveils that social security risks benefitting twice the number included in recent eras (Hooyman & Kiyak, 2008). Recent times engross persons at 65 years, whereas there entails plans to elevate the beneficiary’s timing to 70.

Therefore, research explicates that the program would decrease benefits to 74%. This owes exonerations from the information that social security endures elevated costs during compensations. The program thus demands instigation of measures to ascertain reduced costs throughout its