Eighty years once President franklin roosevelt signed the Social Security Act on August 14, 1935, Social Security remains one of the nation’s most booming, effective, and popular programs.

It provides a foundation of financial gain on that employees will build to set up for their retirement. It also provides valuable social insurance protection to employees who become disabled and to families whose wage earner dies.



Most Americans watch their money go into the Social Security trust fund within the type of payroll deductions as presently as they begin working, when retirement seems a protracted way off. As a result, many go through their working lives without giving it much thought.

Here are 10 facts about American social security that you should understand

1.  Social Security is over simply a retirement plan. It provides necessary life assurance and social insurance protection also.

2.  Social Security provides a bonded, progressive profit that keeps up with will increase in the price of living.

3. Social Security provides a foundation of retirement protection for nearly every american, and its benefits aren't means-tested.

4.  Social Security benefits are modest.

5. Children have a crucial stake in Social Security.

6. Close to half of the senior would be poor without Social Security. Social Security lifts nearly 15 million senior Americans out of poorness.

7.  Most old beneficiaries rely on Social Security for the majority of their financial gain.

8.  Social Security is particularly important for minorities.

9.  Social Security is very useful for women.

10. Relatively modest changes would place Social Security on a sound financial footing for 75 years and beyond.