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Social Security entails the provision of incomes to individuals to enable them maintain a reasonable and socially acceptable standard of livelihood. Where social security is administered on a contributory basis individuals in paid employment save some of their money with private or public social...

for years now everyone has imown that most of the elderly people have suffered from serious economic deprivation, that their incomes were inadequate, that inflation exacerbated the situation by reducing real incomes and eroding savings, and that the aged were one of the largest poverty groups in...