Social Security refers to a government program that provides financial assistance to individuals in specific circumstances, primarily aimed at supporting those who are retired, disabled, or survivors of deceased workers. In the United States, it is administered by the Social Security Administration (SSA) and is primarily funded through payroll taxes collected under the Federal Insurance Contributions Act (FICA). The program is designed to provide income security and a safety net for eligible individuals, ensuring that they have some source of income after retirement or in the event of disability or death of a working family member. Social Security benefits can include retirement benefits, disability income, and survivor benefits, helping to mitigate poverty and provide economic stability for millions of Americans.
Get Ready for Major Changes in 2025 In just two years, countless families will gain access to a groundbreaking Social Security lifelong assistance program that could provide up to €1,500…