Social Security Program Issues

Social security is defined by the Oxford dictionary as a system in which people pay money regularly to the government when they are working and receive payments from the government when they are unable to work, especially when they are sick or too old to work (Oxford Advanced Learners Dictionary). The term social security refers to the system of providing financial, medical and other aids to an individual to protect him from unprecedented crisis situation. In the present civilized world, social security has become an integral part of the activities which a state carries out for the welfare of its citizens. Governments, particularly in the developed countries, are spending huge amount of resources on the social security programs offered to their citizens (Gruber and Wise). These social