Social Security
Social Security is a government-run program that provides financial assistance to individuals who are retired, disabled, or otherwise unable to work. The program is funded by payroll taxes, and is designed to provide a safety net for those who are unable to support themselves. Social Security benefits are paid out to eligible individuals on a monthly basis, and can be used to cover basic living expenses such as food, housing, and medical care.
History of Social Security
Social Security was first established in 1935 as part of the Social Security Act. The program was designed to provide a financial safety net for those who were unable to work due to age, disability, or other factors. Over the years, the program has been expanded to include additional benefits, such as survivor benefits, disability benefits, and Medicare coverage. Today, Social Security is one of the largest government-run programs in the United States, providing financial assistance to millions of Americans each year.
Comparison of Social Security Benefits
| Benefit | Amount |
|---|---|
| Retirement Benefits | Up to $2,788/month |
| Disability Benefits | Up to $2,788/month |
| Survivor Benefits | Up to $2,788/month |
| Medicare Coverage | Up to $2,788/month |
Summary
Social Security is a government-run program that provides financial assistance to individuals who are retired, disabled, or otherwise unable to work. The program is funded by payroll taxes, and is designed to provide a safety net for those who are unable to support themselves. For more information about Social Security, visit the official website of the Social Security Administration at https://www.ssa.gov/.
See Also
- Retirement Benefits
- Disability Benefits
- Survivor Benefits
- Medicare Coverage
- Social Security Administration
- Social Security Number
- Social Security Tax
- Social Security Disability Insurance
- Supplemental Security Income
- Retirement Age
