Social Security Report

Latest News

How Social Security Works in 2014

Social Security touches the life of almost every worker in America, yet few know how the program works. In practice, Social Security uses complex benefit formulas and detailed rules that make it difficult for people to understand the program’s scope, its financing, how benefits are determined, and a number of other issues. This Backgrounder[1] explains what Social Security is and how it works, in five sections. Unless otherwise noted, all data contained in this paper come from the Social Security Administration…Read More

Notice: The “Read more…” link provided above connects readers to the full text of the posted article. The URL (internet address) for this link is valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc., the AMAC Foundation, or socialsecurityreport.org.