Social Security is on the verge of taking care of the baby boomer generation. This means he will pay more in benefits than he receives in taxes. Simply put, it means that you will spend more money than you will earn. I think you should pay into your private retirement account to be able to reap the benefits in the future. It's not your place to pay money to a group of workers that current seniors can benefit from. You must take care of your future and not rely on other people's responsibility. “…people started to see pension funding as a right…and so…they started saving less” (Klay & Steen). That said, people of a certain age should be "grandfathered" in this sense, people in their 40s, say, still get regular Social Security retirement money, but anyone younger needs to start complying with this new reform . If you get married, continue to pay on your own unless your spouse works. If so, pay the same amount BUT put half into yours and half into your spouse. If the other spouse works, however, they should pay into their account and you into yours. The Social Security Act was passed by President FDR as one of his programs to combat the Great Depression. The Social Security Law was enacted on August 14, 1935 (Social Security Law). The current problem is the fear of what will happen to Social Security when the baby boomer generation begins to retire. As millions of baby boomers near retirement, the program's annual cash surplus will shrink and then disappear. Thus, Social Security will not be able to pay all benefits from its payroll and other tax revenues (Center for Social Security Reform – Issue). This is pushing the US government to think about reforms and changes for... middle of document......IC&action=e&windowstate=normal&catId=&documentId=GALE%7CEJ3010685214&mode=view&userGroupName=nysl_ro_phs&jsid=5f52bd05587b2f9d0ba22d7420fc11d4>."Social La security should be managed by the government" of the Institute for America's Future. Capitalism. Noël Merino, ed. Current Controversies Series. Greenhaven Press, 2010. Institute for America's Future, The Dangers of Privatization: Social Security Privatization Reduces Lifetime Benefits; Makes older adults vulnerable to poverty: The impact in the United States. Washington, DC: Institute for America's Future, 2008. Reproduced by permission. .