This essay stresses that the social security welfare program has several goals that it intends to meet. For instance, they aim at providing for the needy in the community. They are also determined in providing the economic security that the American people desperately need. Doing so would require them to maintain maximum freedom in the economic lives of the American people.
This paper declares that the provision of social insurance has been instrumental in the success of the program. Social insurance addresses the concept of economic security. The basic behide social insurance is that people make contributions to a centralized fund. The fund provides income to individuals who happen to find their income un-sustaining and give back after a period of time. Social insurance emphasizes on the social suitability of benefits. In its system, individuals who previously earned less income receive a higher benefit than those with higher earnings. It is this mechanism that has helped the system to grow in terms of benefits which is not applied by private insurance organizations. Social welfare has a number of aspects that contribute to its effectiveness. Provision of social insurance is one of those strengthening aspect to the program. Social insurance has been instrumental in empowering citizens. This is because it is a contribution made by people so that it can helps them get income later on. The concept provides a form of economic security to people. It enables them to provide for themselves even at old age when they cannot work.