social security

             Social security provides the principal source of retirement income for most people in the United States; this includes those who receive pensions through employer-sponsored plans.
             During the 1700s and early 1800s, many people industrialized. This allowed people from rural areas to migrate to cities and work in factories. A majority of these people received low wages and had to work under treacherous conditions. Due to these meager wages, people were unable to save for retirement. If any of these people were disabled or even fired from the job, their families suffered greatly. So due to the industrial revolution, social security insurance began in the United States. Social security was not developed in the United States though it was known before it started in the United States. Social security first became known in Europe.
             Social security is a government program that pays retired people a certain amount of money. Social security is also called social insurance because it covers retired people and disabled workers, to the families of workers who have retired, become disabled, or died, and now also for medical expenses under Medicare
             Social security is nothing like public assistance because it pays its benefits to individuals and their families due to ttheirwork histories . There are three main parts to
             Social security, these three components are critical because you can only collect if you fall into one of these three parts . The three parts are (1) old age , survivors , disability ands hospital insurance (2) unemployment insurance (3) workers compensation . Although most Americans in the work force today are required to pay social security insurance not all are covered by it . Most civilian federal employees hired before 1984 are not covered by social security , some employees of state or local government are not covered by either program . All employers and works who pay for social security finance the program thr...

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social security. (1969, December 31). In MegaEssays.com. Retrieved 14:49, April 26, 2024, from https://www.megaessays.com/viewpaper/67456.html