Facts About Social Security

Most people barely know the basics about Social Security, even among those whose job revolves around the system. We all hear the bad news from Social Security, everything from fraud to identity theft, but for many Social Security is an integral and vital service. The Social Security System currently pays out $850 billion to 59 million Americans each year. This is the difference of keeping some of these seniors out of poverty in their retirement. Over half of those on Social Security would be under the poverty rather than the 15% that currently are. For more information on this subject, visit this article by Selena Marnjian with The Motley Fool.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.
