Social Security is an insurance program which benefits us all.
If a young worker dies in an accident, or due to cancer, etc., Social Security can replace part of the lost income if the worker paid FICA taxes for as little as 6 quarters (depending on the worker's age at death).
If a worker under retirement age becomes permanently disabled, …
Social Security is an insurance program which benefits us all.
If a young worker dies in an accident, or due to cancer, etc., Social Security can replace part of the lost income if the worker paid FICA taxes for as little as 6 quarters (depending on the worker's age at death).
If a worker under retirement age becomes permanently disabled, Social Security can replace part of the lost income for the worker, children in some cases, and spouse in some cases, if the worker paid FICA taxes for as little as 6 quarters (depending on the worker's age at time of disability).
If I pay my house insurance and don't have to make a claim because a storm didn't damage my roof, I am glad to have had the coverage anyway. Similarly, if I don't die or become disabled, I am still glad to have the Social Security coverage.
Our society benefits: when seniors get their Social Security benefits, they can pay for their food, shelter, etc., without having to ask their kids to pay Mom/Dad's bills or move in with their kids. Their kids can then use their money for their own needs and to raise their own children. Not to mention the seniors tend to put those Social Security benefits right back into the economy, keeping our consumer economy humming.
Social Security is an insurance program which benefits us all.
If a young worker dies in an accident, or due to cancer, etc., Social Security can replace part of the lost income if the worker paid FICA taxes for as little as 6 quarters (depending on the worker's age at death).
If a worker under retirement age becomes permanently disabled, Social Security can replace part of the lost income for the worker, children in some cases, and spouse in some cases, if the worker paid FICA taxes for as little as 6 quarters (depending on the worker's age at time of disability).
If I pay my house insurance and don't have to make a claim because a storm didn't damage my roof, I am glad to have had the coverage anyway. Similarly, if I don't die or become disabled, I am still glad to have the Social Security coverage.
Our society benefits: when seniors get their Social Security benefits, they can pay for their food, shelter, etc., without having to ask their kids to pay Mom/Dad's bills or move in with their kids. Their kids can then use their money for their own needs and to raise their own children. Not to mention the seniors tend to put those Social Security benefits right back into the economy, keeping our consumer economy humming.