Social Security: Facts You Should KNOW
Social Security insures families against the loss of income caused by retirement, disability, or death, with nearly universal coverage; Social Security insurance covers 94 percent of workers in paid employment and self-employment. The program has been a success; however, Social Security has a long-term solvency challenge.
Social Security insurance protects all age groups.
Social Security provides a retirement benefit that is guaranteed for life and is adjusted to keep pace with inflation.
Social Security benefits are adequately funded for another 32 years.
Social Security is the principal source of family income for nearly half of older Americans.
Social Security keeps older Americans out of poverty.
Social Security provides critical income support to minorities.
Social Security is crucial for women.
Social Security is the foundation of workers’ retirement security, but it was never intended to be the only source.
Source AARP.org
Tags: aarp, Americans, inflation, jobs, minorities, poverty, retirement, seniors, social security, women
June 13th, 2010 at 3:47 pm
Thanks a bunch for the well researched article, I really appreciate it, we were recently wondering about that very same thing. Wow it’s so nice when you find some good information that we have been researching without resorting to search all over the internet all day long, LOL!