Respuesta :
the federal budget now than when they were created along with declining birth rates, increasing life expectancy is also a major contributor to the financial difficulties facing Social Security systems in the United States and around the world.
What is social security?
- Provided by society to individuals and households to ensure access to health care and to ensure income security, especially in the event of old age, unemployment, illness, disability, work injury, maternity or loss of a breadwinner protection.
- Social Security is a federal program in the United States that provides retirement and disability income to beneficiaries and their spouses, children and survivors.
- To be eligible for social security retirement benefits, workers must be at least 62 years old and have contributed to the scheme for at least 10 years.
- A worker who waits until the age of 70 for Social Security to be collected has a higher monthly benefit.
- These benefits are calculated based on your best average monthly income (AIME) over 35 years and will vary from person to person.
- Those who cannot work due to a disability, or those who have a spouse or children may be able to receive benefits if certain conditions are met.
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