Aging and Social Security

Aging refers to the natural process of growing older, which affects everyone. As the population ages, more people retire and rely on Social Security, a government program providing financial support to retirees, disabled individuals, and survivors of deceased workers. Funded through payroll taxes, Social Security aims to ensure a basic standard of living for those who can no longer work. However, increasing life expectancy and declining birth rates challenge the system's sustainability, raising concerns about its ability to support future generations adequately. Balancing benefits and funding is essential for maintaining this vital safety net.