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  2. Social Security (United States) - Wikipedia

    en.wikipedia.org/wiki/Social_Security_(United...

    In the United States, Social Security is the commonly used term for the federal Old-Age, Survivors, and Disability Insurance (OASDI) program and is administered by the Social Security Administration (SSA). [1] The Social Security Act was passed in 1935, [2] and the existing version of the Act, as amended, [3] encompasses several social welfare ...

  3. History of Social Security in the United States - Wikipedia

    en.wikipedia.org/wiki/History_of_Social_Security...

    Social Security gradually moved toward universal coverage. By 1950, debates moved away from which occupational groups should be included to how to provide more adequate coverage. [37] Changes in Social Security have reflected a balance between promoting equality and efforts to provide adequate protection. [38] In 1940, benefits paid totaled $35 ...

  4. Social Security Trust Fund - Wikipedia

    en.wikipedia.org/wiki/Social_Security_Trust_Fund

    The Social Security Administration collects payroll taxes and uses the money collected to pay Old-Age, Survivors, and Disability Insurance benefits by way of trust funds. When the program runs a surplus, the excess funds increase the value of the Trust Fund. As of 2021, the Trust Fund contained (or alternatively, was owed) $2.908 trillion. [4]

  5. What Social Security Could Look Like in 2035 - AOL

    www.aol.com/finance/social-security-could-look...

    In 2020, the average retirement benefit was $1,503 per month. If benefits were cut by 20% across the board, the average benefit would drop by about $301 each month, or $3,612 per year. If benefits ...

  6. Social Security 101: Check Your Balance Regularly - AOL

    www.aol.com/social-security-101-check-balance...

    In the past, checking your estimated social security amount meant waiting for the Social Security Administration to send you updates on your personal estimated benefit amounts. Social Security ...

  7. A boomer living off Social Security is worried she'll lose ...

    www.aol.com/boomer-living-off-social-security...

    Sue, 70, received lower monthly student-loan payments through the SAVE plan. It gave her some breathing room while relying on Social Security in retirement. With the SAVE plan blocked, she's ...

  8. Social Security debate in the United States - Wikipedia

    en.wikipedia.org/wiki/Social_Security_debate_in...

    The Social Security debate in the United States encompasses benefits, funding, and other issues. Social Security is a social insurance program officially called "Old-age, Survivors, and Disability Insurance" (OASDI), in reference to its three components. It is primarily funded through a dedicated payroll tax. During 2015, total benefits of $897 ...

  9. Social Security Benefits Could Receive Protection From ... - AOL

    www.aol.com/social-security-benefits-could...

    For many Americans, student loan debt has become a heavy financial burden that looms even into retirement. The prospect of Social Security benefits being garnished to repay student loans has raised...

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