Social Security
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Social Security
Posted: Wed, 12/29/2010
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Social Security
Social Security is an entitlement program provided by the federal government to all United States citizens. Social Security is considered an entitlement program because all citizens are eligible to receive benefits once they meet the program requirements. In addition, if a citizen meets the requirements but is denied benefits they may enforce these rights in court.
Social Security was first created during the Great Depression to protect people from financial hardship. Originally Social Security provided three types of benefits: benefits to retirees, the unemployed, and a payment at death. Since then, the Social Security Act has been amended several times. Currently it provides benefits for retirees, people with disabilities, and for children who have lost a parent.
Social Security is funded by a tax that every worker in the United States pays. Currently workers are taxed at 6.2% and the employer matches the amount. In 2008, almost 51 million people received approximately $615 billion. These funds were entirely collected from taxes paid by people working within the United States. Given the current rates of employment and those close to retirement, there are concerns that these levels of funding cannot be sustained.
If you would like to speak to an expert to discuss whether you qualify for Social Security benefits, such as Social Security Disability, please complete the form and one of our attorneys will contact you or call 1-800-LAW-FIRM now.





