Social Security

decreasing

SS funds are ____ and the program is ballooning ( people who haven't entered retirement but are paying into the system could potentially not recieve any benefits

income

SS is based off ___ meaning that the more that you make - more you'll receive

20

SS pays benefits to the families of workers who die and leave behind spouses and children under the age of ___

T

T/F: Social Security pays more benefits to children than any other government program due to the amount that are dependent on their parents SS

F

T/F: social security is going broke

Social Security

___ ___ is a legislation signed in 1935 to provide federal financial assistance to the retired, aging, and unemployed

167

___ million people work and pay social security taxes and about 59 million people receive benefits monthly

privatization

___ of SS would put worker's retirement benefits at the mercy of the stock market and workers that have paid into SS deserve to have the security of retirement income (LEFT VIEW)

86

___% of recipients of SSI got it because of disabilities

1996

a non-citizen may qualify if they meet the alien eligibility requirements under the ____ legislation and its amendments

retirement

a person receives social security once they reach ____ age.

1935

a year after FDR announced his SS idea, congress passed the law was signed in as the Social Security Act

200

blindness refers to those who have central visual acuity of 10/____ or less in their better eye with the use of corrective lens. they qualify for SS

19

children who qualify for SS are those younger than 18 and unmarried, full-time students up to __ who are in high school and unmarried, those who are over 18 with a severe disability that began before the age of 22

2.8

currently, for every SS beneficiary, there is ___ workers. in 2035, there will be 2.2

2.7

currently, in surplus, SS have $___ trillion saved from people paying into the system and the accumulated reserves allow full pay out until 2035.

66

full social security benefits age is ___ for people born between 1943-1954 and will gradually raise a year for those born in 1960 or later

23

if you are younger than 55 or older right now, you could face a ___% reduction in your payouts after 2035, with likelihood of further reductions each year thereafter

25

if you start receiving benefits at 62 years old, your payments will be reduced by ___%

65.1

in 2015, ___ million people received benefits from SS

1

in 2016, you get ___ credit for every $1,260 you earn and you are limited to 4 credits per year

emotional

one would be considered disabled if they have a medicaly determined physical or mental impairment and would qualify them for SS benefits. (___ and learning disabilities included)

income

people who have limited ___ and resources also qualify for SS benefits. resources (stocks, vehicles, property, life insurance, bank accounts, etc.)

10

people who have worked for at least ___ years (for those born in 1929 or later) is the minimum amount of time required to earn the mandatory 40 credits (accumulated based on earnings)

Roosevelt

president ___ announced his intention to provide a SS program to congress

taxes

social security is a pay-as-you-go program, meaning that workers pay a social security ___ into the program and the money flows back out as monthly income to beneficiaries

socialistic

the ___ nature of the RIGHT view on SS is redistributing wealth. since people are living longer lives, social security should be privatized or benefits cut back. the younger workers should have the freedom to invest where they see fit and use SS to supplement those savings

month

the average SSI per ___ in 2016 was 1,348 for retired and 1166 for disabled

62

the earliest you can start receiving benefits for SS is ___

50

the great depression acted as a catalyst to the program because it left more than ___% of senior citizens in poverty

bigger

the longer you wait to start getting payments, the ___ the payments will be

30

those who spend __ consecutive calendar days outside of the US must reapply to become eligible for SS if they are a US citizen

2/3

women account for ___ of the beneficiaries that are 85 and older because they live longer than men