Generational Equity

 

According to the US Social Security site, "The Social Security program that would eventually be adopted in late 1935 relied for its core principles on the concept of "social insurance." Social insurance was a respectable and serious intellectual tradition that began in Europe in the 19th century and was an expression of a European social welfare tradition. It was first adopted in Germany in 1889 at the urging of the famous Chancellor, Otto von Bismarck."

Since that time the topic of Generational Equity has risen in national conversation.

Generational Equity would ideally be in place and the fairness of social security's purpose would reach into all of the generations, however with the various crises of today, it is looking less and less probable.