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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

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

Summary

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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..

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semi-formal

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English

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not hateful

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External references

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Source diversity

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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