The Social Security Program in the United States Essay
For over 60 years, the Social Security program has been one the most successful domestic government program, providing economic protection for US citizens of all ages. The Social Security is a set of programs designed to provide income and services to individuals in the event of retirement, sickness, disability, death, or unemployment. Such programs were originally enacted in 1935. As Americans we know what Social Security is very important for people with disabilities, people with families and for children who have lost a parent. However there is a negative part or disadvantages from the Social Security Program. This program prevents hard working people from becoming rich. If there …show more content…
Other advantage of the Social Security is that other members of a family can qualify for benefits too. If someone is eligible for retirement or disability benefits, a member of this person's family might also receive benefits. For example a spouse that is at least 62 years old automatically qualify for family benefits. Such a benefit helps especially to those people who don't get a high amount of money as a retirement or disability benefit.
The federal Old Age and Survivors Insurance (OASI) is the other trust fund that is used to pay for retirement and survivor benefits. This trust receives 5.35% of the Social Security tax. An example of how the survivor benefits can help is a family of a deceased worker.