Description :

Social security helps older americans workers who become disabled and families in which a spouse or parent dies as of june 2020 about 180 million people worked and paid social security taxes and about 65 million people received monthly social security benefits. Social security is part of nearly every americans life in retirement if not sooner if youre like most people youre aware that when you start collecting retirement benefits affects how much money you get but youre not sure what that means for you. Social security is a system that attempts to address all these issues and more from its roots in the great depression social security has changed with the times to try and help poor out of work disabled and elderly americans. Social security is a separate self funded program the federal government does however borrow from social security heres how social securitys tax revenue is by law invested in special us treasury securities as with all treasury bonds the federal government can spend the proceeds on a variety of programs