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Social Security Funding Debate

This is a UK news story, published by MSN, that relates primarily to Social Security news.

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other worldwide retirement systems compare

Moneywise

Moneywise

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How does US Social Security compare with retirement systems around the world?

Moneywise

Summary

Nutrition label

79% Informative

$1.5 trillion in Social Security benefits are to be paid out monthly to roughly 68 million Americans and more than 67 million beneficiaries in 2024 .

The UK 's National Insurance system is administered by the nation's Department for Work and Pensions .

Salary contributions by both employers and workers total a minimum of 8% of a salary.

But one thing is for sure — no plan at all over the next decade is likely to cause some concern over a not-so-safe safety net for those approaching retirement. This article provides information only and should not be construed as advice. It is provided without warranty of any kind..

VR Score

80

Informative language

80

Neutral language

17

Article tone

semi-formal

Language

English

Language complexity

40

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

31

https://www.eurodev.com/blog/germanys-pension-landscape https://www.brookings.edu/wp-content/uploads/2016/07/cqr20160603C.pdf https://www.gov.uk/government/news/state-pension-age-review-published https://www.ssa.gov/news/press/factsheets/HowAreSocialSecurity.htm https://moneywise.com/insurance/auto/save-money-auto-insurance?throw=C2WTRN1_streamline&placement=placement_3&utm_source=syn_msna_mon&utm_medium=Z&utm_campaign=63509&utm_content=syn_7a431f9b-6b09-4d8e-b3b4-7f95b7655e5c https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/benefit-amount.html#h2.1 https://www.ssa.gov/oact/STATS/OASDIbenies.html https://economy-finance.ec.europa.eu/system/files/2021-05/dk_-_ar_2021_final_pension_fiche.pdf https://www.canada.ca/en/services/benefits/publicpensions/cpp.html https://moneywise.com/insurance/life/how-to-create-a-financial-safety-net-for-your-family?throw=C2DM2_streamline&placement=placement_1&utm_source=syn_msna_mon&utm_medium=Z&utm_campaign=63509&utm_content=syn_56bff3e0-d3dd-4470-bc6c-c8998642b030 https://commonslibrary.parliament.uk/research-briefings/cbp-9535/https://www.ssa.gov/history/briefhistory3.html https://www.cnbc.com/2024/03/22/how-social-security-benefits-may-change-under-republican-democrat-proposals.html https://moneywise.com/retirement/retirement/v-5-money-moves-to-make-right-now?throw=C2HALF_streamline&placement=placement_2&utm_source=syn_msna_mon&utm_medium=Z&utm_campaign=63509&utm_content=syn_7c659dba-2ae9-44a0-8a5c-3c371fbff466 https://www.canada.ca/en/services/benefits/publicpensions/cpp/cpp-benefit/amount.html https://www.ssa.gov/news/press/factsheets/basicfact-alt.pdf https://faq.ssa.gov/en-US/Topic/article/KA-01897 https://secure.ssa.gov/apps10/poms.nsf/Help?readform https://moneywise.com/real-estate/invest-in-real-estate?throw=C2DM3_streamline&placement=placement_1&utm_source=syn_msna_mon&utm_medium=Z&utm_campaign=63509&utm_content=syn_ee411979-27c1-462f-ac98-393b553b9454 https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security.html https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/payroll-deductions-contributions/canada-pension-plan-cpp/cpp-contribution-rates-maximums-exemptions.html https://www.gov.uk/workplace-pensions/what-you-your-employer-and-the-government-pay https://www.india-briefing.com/news/introduction-social-security-system-india-6014.html/https://moneywise.com/insurance/auto/official-car-insurance-finds-you-the-lowest-rates-in-minutes?throw=C1DM1_streamline&placement=placement_1&utm_source=syn_msna_mon&utm_medium=Z&utm_campaign=63509&utm_content=syn_1822582f-8099-4882-96f4-5c2b0ecc740e https://moneywise.com/life/lifestyle/hybrid-its-not-taxed-at-all?throw=C2WTRN2_streamline&placement=placement_3&utm_source=syn_msna_mon&utm_medium=Z&utm_campaign=63509&utm_content=syn_df10a07a-fbc5-4b14-a4bf-08b616c1d1f1 https://www.gov.uk/government/publications/your-new-state-pension-explained/your-state-pension-explained https://www.ssa.gov/budget/assets/materials/2024/2024OP.pdf https://www.ssa.gov/policy/docs/ssb/v70n3/v70n3p111.html https://moneywise.com/investing/real-estate/invest-vacation-rental-homes?throw=C2WTRN3_streamline&placement=placement_3&utm_source=syn_msna_mon&utm_medium=Z&utm_campaign=63509&utm_content=syn_36b5c985-8b8d-4265-a258-80c973a7cf20 https://www.reuters.com/world/india/indian-govt-likely-offer-assured-base-pensions-compromise-with-states-sources-2023-06-21/https://www.epfindia.gov.in/site_en/FAQ.php

Source diversity

14

www.eurodev.com www.brookings.edu www.gov.uk www.ssa.gov moneywise.com www.canada.ca economy-finance.ec.europa.eu commonslibrary.parliament.uk www.cnbc.com faq.ssa.gov secure.ssa.gov www.india-briefing.com www.reuters.com www.epfindia.gov.in

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