THE SOCIAL INSURANCE SYSTEM OF THE UNITED STATES OF AMERICA
DOI:
https://doi.org/10.5281/zenodo.19674811Keywords:
USA, social insurance, Social Security, pension system, Medicare, Medicaid, reforms, financial sustainabilityAbstract
This scientific article provides a systematic analysis of the social insurance system of the United States. The
article examines the main components of this system, including old-age, survivors, and disability insurance programs such
as Social Security, unemployment insurance, Medicare, and Medicaid, from the perspectives of their evolution, financing
mechanisms, and effectiveness. Established by the Social Security Act, the system emerged as a direct response to
the Great Depression and has undergone significant development and reform over the subsequent eight decades. The
study demonstrates that while the U.S. system has achieved notable success in reducing poverty and providing citizens
with income security, it is currently facing new challenges related to demographic changes, including the aging of the
baby boom generation, financial sustainability issues, and political differences. Based on recent research and official
statistical data, the article analyzes the strengths and areas for further improvement within the system, as well as current
approaches to reform
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