Social Security Benefits

Social Security (SS) is a federal program that provides a steady income for mainly elderly people who no longer receive wages due to situations such as retirement, disability, or death. Social security provides social stability to more than ninety-six percent of working Americans who retire, and there are many different benefits that come

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.

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

     Several federal agencies today support and administer the various Social Security programs. The programs associated with Social Security include Old-Age, Survivors, and Disability Insurance (OASDI), Medicare, Unemployment Compensation, and Supplemental Security Income (SSI). For people who have worked for a living, OASDI and Medicare provide support during their older years and when they have stopped working. Unemployment Compensation provides temporary financial help during periods between jobs. SSI provides income to people who cannot work for various reasons. The OASDI

The U.S. Social Security program is designed to aid residents in need through welfare subsidies. The programs are provided by organizations on federal, state, local, and private levels; and help to provide eligible residents with food, shelter, healthcare, education and money. Aid is provided through financial aid for college education, unemployment disability insurance, food stamps, pensions for eligible low-wage workers, subsidies for housing, and health insurance programs for public employees (Feldstein, 2005; Krugman, 2007).

The social security act and related laws offer so many different programs to help those that qualify for the benefits. These programs include retirement insurance, survivors insurance, disability

Although Social Security is often associated with retirees, benefits can be used to help a wide variety of people, regardless of age. Whether you have become disabled or are experiencing financial hardship, these benefits can provide you and your family with valuable aid to prevent hardship and improve quality of life. Below, the Social Security disability attorneys at Young, Reverman & Mazzei Co., L.P.A. discuss your available SSD options.

===The goals of the Social Security program is to bring monetary assistance to specific and certain groups such as the elderly, disabled and widows. The goals of the social security program, as stated in their government page are, “to keep American families from becoming destitute--in health or in the essentials of life. We do not want a program which, alone, would enable anybody to live in luxury; but we do want a program that will assure every family in the Nation enough to live on in times of adversity.” (ssa.gov) To learn about one of America’s most successful program it is important as a reader to know that this program has been around for 80 years, since August 14, 1935 when President Franklin Roosevelt signed and made Social Security

Social security in the United States is a federal system run by the Social Security Administration to provide monetary benefits, or welfare, to citizens who are retired, unemployed, or disabled. In 1935, President Franklin D. Roosevelt enacted the Social Security Act which limited the dangers of old age, unemployment, disability, and families with dependent children within the United States during the great depression. In order to obtain the funds paid out to current social security recipients payroll taxes called Federal Insurance Contributions Act (FICA) and the Self-Employment Contributions Act (SECA) taxes are collected from the earnings of current workers.1 FICA and SECA

August 14, 1935, social security was made official when President Roosevelt signed the Social Security act. Social Security was designed to help support Americans after the world war one. It gave citizens a sense of stability. It provided a retirement plan and other benefits to u.s citizens including disability. Today, social security has moved from being extra help, to a fundamental need. Many times we see people who have nothing accept social security to provide them an income. We can look through the system and even find whole families on benefits. Yes, a lot of these families need the extra help, but social security is supposed to be of help, and not to provide every penny to families. Social security, and welfare

Social security has been around for a while . There has been proponent and opponent of the program. A brief history of the program will show the background of how it came to be. A pension system was established around the civil war and some forms of payments were to widows, veterans, and orphans. Around 1862, a formal pension was established for military members wounded or died during the war period. The pension was issued to military members, widows and children. Modifications were made over the years to change when payment should be made to Civil War survivor and others. Social Security that is well known today was created by President Roosevelt August 14, 1935. At the time, Millions had lost jobs and the retiree had lost everything and

On August 14, 1935, President Franklin D. Roosevelt signed the Social Security Act into law and proclaimed that it was a cornerstone, the foundation of a structure to be maintained and built upon by and for future generations. Social Security benefits cannot protect Americans against all risk; however, as the President said, it could decrease undue hardship for old age, disabled workers and their families.

Social Security is what keeps many elderly and disabled Americans from being stricken by poverty every year. Without Social Security in our society 15.3 million elderly would have incomes below the poverty line, however after Social Security was added to the equation only 3.8 million elderly have incomes below poverty. What happens in the insurance program is that you work for most employers and pay social security taxes. Some employers can opt out of the program e.g. universities, governmental agencies and religious

Social Security is a system all us Americans currently pay into unless exempt for financial, religious, or debilitated reasons. As citizens we pay into this system in order to someday see the return of our wages that we once put in. The money paid into social security aids the elderly and disabled people of the current time. None of that money is put aside specifically for anyone, therefore as long as people continue to pay into social security there should be money to support those who are retired and disabled. Although the amount of money someone puts into the system is not the amount of money that they will receive from it in the end.

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.