Social Security Is The Most Popular Government Program

Does one really know the benefits of Social Security and why we pay it? One of the benefits of having a Social Security program is retirement. When a person reaches the retirement age, which is between 65 and 67, they can begin to collect their retirement. That is why when people get’s older they do not have to worry about not having any financial support because they no longer work because of old age.

The Social Security Administration (SSA) is a U.S. government office made in 1935 by President Franklin D. Roosevelt, the SSA directs the social protection programs in the United States. The organization covers an extensive variety of standardized savings administrations, for example, inability, retirement and survivors' advantages. Already working under the Department of Health and Human Services, the SSA has worked as a completely free organization since

This gives people old of age a chance to enjoy the rest of their life without having to work during their elderly time in life. One of the programs of the Social Security was ‘’Old Age Assistance’’. Seen in the ‘’Social Security programs’’, they state the description as ‘’Federal financial support and oversight of state-based welfare programs for the elderly’’. This allowed elderly people who were incapable of making a living to earn money to take care of themselves. Also seen in ‘’Social Security programs’’, as of 2008 the number of beneficiaries is 50,898,244.

Social Security Provides Important Retirement Benefits: According to the Social Security Administration, nine out of 10 Americans over the age of 65 receive retirement

The Social Security program is based on contributions that workers pay into the system. While you are working, a portion of

On August 14, 1935 in Austin, Texas, President Franklin D. Roosevelt inked his signature on the Social Security Act. It was originally implemented to resolve problems with unemployment, old age insurance, and public health and welfare. The Great Depression was the catalyst for the creation of the Social Security program, and the basic structure was very similar to Germany’s social insurance programs from the 1880s. Today, social security is mostly used for retired senior citizens starting at the age of 62. At 62, American citizens can begin to collect, but will only receive 35% of their monthly benefit due, rather than the maximum amount of 50% when they reach the full retirement age of 66. (cite) In addition, social security is dispersed to about 14 million disabled people under the age of 62, who can no longer work in the labor force for various reasons. The people who qualify as disabled are just a small percentage of those collecting compared to senior citizens, and are often not mentioned when social security issues are brought up because of their minute effects on social security distribution.

The Social Security system is perhaps the most successful government social insurance program in the nation 's history; and began with the Social Security Act in 1935. Social Security is a needed federal system that encourages income stability to millions of people across the United States. This is accomplished by giving a stable flow of income to replenish lost wages that occur as a result of disability, retirement, or death of a family member. There are about 59 million people in the U.S. that receive Social Security. Most of them are the required 65 years of age or older. Sadly about half of the 59 million people rely solely on Social Security to pay their bills and everyday necessities.

There are many types of Social Security benefits available for people in different situations and of all ages. There are Social Security Child’s Insurance Benefits that go to children with disabled or retired parents that are also taking Social Security benefits. Disabled widower’s insurance benefits are paid to disabled widows or widowers of a deceased worker. Divorced spouses of workers that are receiving benefits are eligible for Divorced Spouse Benefits. And the Supplemental Security Income is intended for blind or disabled applicants over the age of 65 (Benefits.gov, n.d.).

President Franklin D. Roosevelt signed the Social Security Act into law on August 14, 1935. The main intentions of this act were to provide benefits for the elderly population that was retired and not able to work. This act helped to protect the elderly against poverty if they were not able to save for retirement during their working years. At the time of the signing, only retired people of 65 years or older were eligible for these benefits. This act also included unemployment insurance, old age assistance, aid to dependent children, and grants to states to provide various forms of medical care. Things such as disability coverage and medical benefits would come later. Today we have many issues with our social security program, largely to

A. Social Security is a Federal program where they take a percentage from all of the wages earned by workers in this country.

Social security was created in response to the Great Depression. The purpose of it is to protect aged and disabled persons from illness expenses, to give children a chance to grow up healthy and secure, keep families together, and to augment the material needs of individuals and families. The Social Security Act was first passed in 1935 and later amended in 1956 to provide disability benefits. Some programs included under the Social Security Act are: retirement insurance, survivor’s insurance, disability insurance, and some public assistance and welfare services. The Social Security program is meant to provide benefits,social security numbers, and generate its own finances.

Social Security is one of the many government programs put into action by President Franklin D. Roosevelt because at the time the poverty rate among senior citizens exceeded 50%. The act was put in place to help people get past unforeseen or unprepared dangers in life such as old age, disability, poverty, and many other things. Basically if you fall into one of those categories you are eligible to get money from the government to help you get by. Money to fund the program is taken out of your check along with taxes, currently 6.2% of your check goes towards Social Security. The program needed to be set in place immediately so it does not work the same way a 401k or other retirement plans work. In a regular retirement plan money is saved individually

Social security, the federal retirement system, is one of the most popular government programs in United State?s history. Today, Social Security benefits are the backbone of the nation's retirement income system. The long road to the successful development of social security began in 1935. Before 1935, very few workers received job pensions. Those workers that were covered never received benefits because they were not guaranteed.

     Social Security is a public program designed to provide income and services to individuals in the event of retirement, sickness, disability, death, or unemployment. In the United States, the word social security refers to the programs established in 1935 under the Social Security Act. Societies throughout history have devised ways to support people who cannot support themselves. In 1937 the government began issuing Social Security identification cards to all citizens. Each card had a unique number that the government used to keep track of a person’s earnings and the taxes collected from those earnings that went to finance Social Security benefits. The Social Security Act is an act in which

     Social Security is the federally administered insurance system. Under current federal laws, both employer and employee must pay into the system, and a certain percentage of the employee’s salary is paid up to a maximum limit. Social Security is mandatory for employees