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Word Count: 1,189
Retirement seems to be one of the most often overlooked areas of peoples future plan Simply because it seems so far away it is an area that is subject to procrastination People are expected to live longer now than ever before this is another reason why young adults and teenagers are not worried about saving for their retirement The baby boom generation the seventy seven million people born between 1943 and 1960 face an entirely different retirement plan As they began to retire people are starting to think that there will be no money left and this will turn into a crisis What will happen when seventy-seven million baby boomers begin to want the money they paid in but it is not there Retirement provisions such as Social Security IRAs and 401ks are there to help when you are deciding how to save moneySocial Security started a long time ago in the 1930s when Franklin D Roosevelt was president He was elected president in November 1932 By March there were over thirteen million people that were unemployed and almost every bank was closed Franklin D Roosevelt proposed a sweeping program to being recovery to business and to agriculture and relief to those who were in fear of losing their farms and homes to being unemployed In 1935 recovery was slowing arriving but more And more people were turning against Roosevelts New Deal program This led Roosevelt to a new program of reform which we know today as social security It stated heavier taxes on the wealthy new way of controlling banks and public utilities and a huge work relief program for those people who were unemployed Social Security has been around for so long but now people under the age of sixty-five think it will go bankrupt before they retire according to a new CNNTIME poll and most of them do not think they will be able to save enough on their own Only thirty-one
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