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What is social security? Everything they don’t tell you

With this article you will learn what social security is and what benefits it has for all citizens living in the United States

by TD Editorial
27/05/2022 06:59
in Money
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The United States government has many different programs to help people. Social Security is one of those programs. Thanks to Social Security, many people are able to live in a comfortable and peaceful way because they receive money from various reasons.

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If you don’t know what exactly Social Security is and want to learn about it, you are in the perfect place. It is vitally important to know what social security is so that you can apply for it in case you need it in the future.

Therefore, let’s take a look at why and when Social Security originated and what are the main services that this United States program offers to benefit all the people who need it. Up to one fifth of the American society receives a benefit through social security.

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When did social security appear?

In 1935, President Roosevelt signed the New Deal. Within these new government conditions, Social Security was introduced. The original cause for the creation of social security came from the Great Depression in 1930, when America faced the worst economic crisis in its history. After this, many people ran out of money, so the president decided that this situation could not happen again.

Thanks to the creation of social security, today many people who are unable to work live independently on one income per month. Although initially intended only for people over the age of 65, this assistance from the United States government has expanded to other sectors of the population.

To whom is this benefit available?

Originally, as we have already said, social security was intended for people over 65 years of age, but today the field is much larger. One out of every five people in the United States receives this type of benefit. Of these people, one in three are handicapped people, dependents or survivors. The rest, that is, 2/3 are retirees between the ages of 62 and 70.

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Thanks to these social security benefits, people who are unable to work are entitled to a financial pension. With this pension they can live well and without problems. Applying for a social security card is very easy and can be done through an on-line form or at any government office.

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