Social Security

Extracted Attributes

• Type

  Government Program, Social Insurance Program

• Geographical Coverage

  United States, Philippines, South Africa, Iran (via specific programs)

• Primary Purpose (United States)

  Provides financial protection, retirement income, disability insurance, and survivors insurance

• Funding Mechanism (United States)

  Payroll taxes

• Retiree Beneficiaries (United States, September 2024)

  Approximately 54 million

• Current Investment Strategy (United States Trust Fund)

  US Treasuries

• Proposed Investment Strategy (United States Trust Fund)

  S&P 500

• People Working in Covered Employment (United States, 2024)

  Approximately 184 million

• People Receiving Monthly Benefits (United States, September 2024)

  Approximately 68 million

Timeline

• Approximately 184 million people worked in Social Security-covered employment in the United States, contributing taxes. (Source: web_search_results)

  2024

• Approximately 68 million people received monthly Social Security benefits in the United States, with about 54 million being retirees and their families. (Source: web_search_results)

  2024-09-01

• David Friedberg proposes a radical reform for the US Social Security trust fund: investing it in the S&P 500 instead of US Treasuries to generate trillions in wealth and address inequality. (Source: related_documents)

  Undated

• The Social Security Administration (SSA) celebrates the passage of the 'One Big, Beautiful Bill', a landmark piece of legislation providing tax relief to older Americans. (Source: web_search_results)

  Undated

Social Security

Social Security may refer to: Social security, the general notion of a society ensuring basic needs are met Social Security System (Philippines) South African Social Security Agency, an agency of the South African government Social Security (United States), the United States retirement and disability program Social Security Organization, a social insurer organization in Iran Social Security (play), a play by Andrew Bergman

Web Search Results

• [PDF] Understanding the Benefits - SSA

  We want you to understand what Social Security can mean to you and your family’s financial future. This publication, Understanding the Benefits, explains the basics of the Social Security retirement, disability, and survivors insurance programs and Medicare, the federal health insurance program. 2 The current Social Security system works like this: when you work, you pay taxes into Social Security. We use the tax money to pay benefits to: • Retired workers. [...] Social Security was never meant to be the only source of income for people when they retire. Social Security replaces a percentage of a worker’s pre-retirement income based on your lifetime earnings. The amount of your average earnings that Social Security retirement benefits replace depends on your earnings and when you choose to start benefits. If you start benefits in 2025 at your “full retirement age” (see our “Full retirement age” section), this percentage ranges from as much as 79% for [...] We help older Americans, workers with disabilities, and families in which a spouse or parent dies. We estimate that about 184 million people worked in Social Security-covered employment in 2024 and paid Social Security taxes. As of September 2024, about 68 million people received monthly Social Security benefits. Most of our beneficiaries are retirees and their families — about 54 million people in September 2024.

• About Social Security | SSA

  We provide financial protection for our nation's people. We can help you through all life's journeys. We administer benefits like Retirement, Disability,

• Social Security benefits and how to apply | USAGov

  Social Security provides a source of income when you retire or if you cannot work due to a disability. Learn about the types of Social Security benefits, how to apply, and how to get help with these benefits. ## Learn about the types of Social Security benefits and how to apply Find out how Social Security works by exploring the four main types of benefits. You will learn if you qualify and how to apply: ## When are Social Security benefits paid? [...] The day you will get your Social Security retirement benefits each month is based on your birthdate. [Find out when you will get paid [PDF, 108KB].]( If your Social Security payment is more than 3 days late, contact the Social Security Administration to report a missing payment. ## How to get help with your Social Security benefits In most cases, you can manage your Social Security benefits online by creating a free “my Social Security” account. You will be able to: [...] If you have specific questions about your Social Security benefits, you can: Two older men walking behind two older women smiling. Find more tips and programs to help you plan for retirement. ## Approaching retirement LAST UPDATED: March 19, 2025 Facebook X Twitter USAGov Email ## Have a question? Ask a real person any government-related question for free. They will get you the answer or let you know where to find it. talk icon chat icon ### Government information ### About us

• SSA: The United States Social Security Administration

  The Social Security Administration (SSA) is celebrating the passage of the One Big, Beautiful Bill, a landmark piece of legislation that delivers long-awaited tax relief to millions of older Americans. Visit our Communications Corner Stay on top of the latest Social Security news for the media, advocate community, and the public. Follow us on ")")")")") #### Support Contact us Find an office Forms Publications Report fraud") #### Languages [...] Español Other languages Plain language #### Services for Employers & businesses Representatives Government agencies Other groups #### About About Social Security Communications Careers Initiatives Research & policy Financial reports Image 27: Agency logo SSA.gov An official website of the Social Security Administration. Image 28") Image 29") Image 30") Image 31") Image 32") Secondary Footer ---------------- [...] A lock ( ) or means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites. What to know about proving your identity Image 4: Agency logo Social Security English Español Sign in") Account") Menu Image 5: close Benefits ##### By Phase Prepare Apply Manage benefits ##### By Type

• Retirement benefits - SSA

  What to Know about Proving Your Identity By Phase By Type Breadcrumb Social Security in retirement The Social Security Retirement benefit is a monthly check that replaces part of your income when you reduce your hours or stop working altogether. It may not replace all your income so it's best to identify other ways to pay for your monthly expenses as you age. See if you're eligible [...] Estimate your benefit amount, determine when to apply, and explore other factors that may affect your retirement planning. Support Languages Services for About SSA.gov An official website of the Social Security Administration. Secondary Footer Looking for U.S. government information and services? Visit USA.gov [...] Eligibility is always based on work. Most jobs take Social Security taxes out of your paycheck so you can get a monthly benefit in retirement. Eligibility is always based on work. Most jobs take Social Security taxes out of your paycheck so you can get a monthly benefit in retirement. Plan for retirement Estimate your benefit amount, determine when to apply, and explore other factors that may affect your retirement planning.