Ask at least one question in response to an original peer post that you would like the author to explore further. no plagiarize, spell check, and check your grammar. Please use reference below

An issue that continues to impact the social security system is that older Americans continue to exceed the life expectancy rate. According to Karger, and Stoesz (2018), since 1900, the percentage of Americans 65 and older has more than tripled from 4.1 percent to 12.3 percent, and they now represent over 13 percent of the total population. The increase in life expectancy and the decrease of infertility rates have a negative impact on the balance sheet of unfunded social security systems by reducing the share of “active” populations (Patriarca, 2018). One solution to this problem is increasing the retirement age to help sustain the medium to the long-run gap in funding for social security. By increasing the retirement age individuals will contribute to funds for a longer period of time and draw fewer funds throughout their life span. The major goal of social insurance is to supplement the gap of loss of wages upon retirement, death, disability, or unemployment (Karger, & Stoesz, 2018). The increase of life expectancy along with an increase in population has created a gap in funds available for those who will retire in the future. In 2018, the Social Security Administration fund had a balance of $2.9 trillion and is expected to be fully depleted by 2034 if no changes are made (Horan, Wise, & Horan, 2019).

Budgets are formed for two reasons, one is to determine what funds are needed to support their initiative and the other is to determine how much money will be needed to pay expenses (Herzberg, 2015). In order for organizations to sustain their mission, they have to come up with ways to raise funds in order to fill the gap for expenses that arise and to generate revenue. Fundraising is an organized management function for raising capital by soliciting money from private citizens, businesses, government agencies, and foundations that is needed to carry out day-to-day activities that are needed to carry out activities to support their mission (Herzberg, 2015). Funds can be raised in a variety of ways like donations, activities that are paid for by participants, volunteer work, and solicitation for funds.


Herzberg, J. T. (2015). Foundations in human services practice: A generalist perspective on individual, agency, and community. Upper Saddle River, New Jersey: Pearson. ISBN: 9780205858255; eISBN: 9780205982233

Horan, P., Wise, I., & Horan, T. (2019). The U.S. Social Security System: How It Works, Its Financial Situation, and the Short-Changed Benefits Paid to the Most Vulnerable. Review of Business, 39(1), 15–28. Retrieved from….

Karger, H. J. & Stoesz , D. (2018). American social welfare policy: A pluralist approach (8th ed). Upper Saddle River, New Jersey: Pearson. ISBN: 9780134628127; eISBN: 9780134543468

Patriarca, F. (2018). The Effects of Aging on Notional Defined Contribution Pension Systems: A Theoretical Investigation. Metroeconomica, 69(2), 396–408. Retrieved from….

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