Social Security system in the United Sates. The History and what it is like today.

Title: Social Security system in the United Sates. The History and what it is like today.
Category: Law & Government | Words: 1216 | Pages: 5.2 (approximately 235 words/page)

Social Security system in the United Sates. The History and what it is like today.

SOCIAL SECURITY "Social security is a government program that helps workers and retired workers and their families achieve a degree of economic security. Social security, also called social insurance, provides cash payments to help replace income lost as a result of retirement, unemployment, disability, or death" (Haydock, 2002) . In this paper we will take a closer look at The United States Social Security System. The social security in the United States has three parts. The first …showed first 75 words of 1216 total…

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…showed last 75 words of 1216 total…almost 45 million people receive such benefits, Social Security has grown steadily. And Social Security benefits provide income security not just to the elderly. Nearly 1 in 3 beneficiaries are not retirees. "The Social Security program provides needed income support to over 6 million recipients, 31% of whom are aged individuals; 56% disabled adults; and 13% disabled children"(Social Security, www.governmentguide.com) . Social Security Benefit Increases 1950-1999 Effective Date Percent Increase Effective Date Percent Increase 9/50 77.0 12/84 3.5 9/52 12.5 12/85 3.1 9/54 13.0 12/86 1.3 1/59 7.0 12/87 4.2 1/65 7.0 12/88 4.0 2/68 13.0 12/89 4.7 1/70 15.0 12/90 5.4 1/71 10.0 12/91 3.7 9/72 20.0 12/92 3.0 3/74 7.0 12/93 2.6 6/74 11.0 12/94 2.8 6/75 8.0 12/95 2.6 6/76 6.4 12/96 2.9 6/77 5.9 12/97 2.1 6/78 6.5 12/98 1.3 6/79 9.9 12/99 2.5 6/80 14.3 12/00 3.5 6/81 11.2 12/01 2.6 6/82 7.4 12/02 1.4 12/83 3.5 Notes: CHART FOUND AT www.governmentguide.com

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