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What is Social Security? Comments

  • By Jocelyn Black Hodes, DailyWorth's Resident Financial Advisor
  • June 21, 2013

Social Security is the comprehensive federal program of benefits providing workers and their dependents with retirement income, disability income, Medicare, Medicaid and other payments. The Social Security tax is used to pay for the program, which is in serious financial trouble due to longer life expectancies, a large baby boomer population currently entering retirement age, and inflation. 

 

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