retirement

BASIC DUAL NATURE OF SOCIAL SECURITY

Most people probably think of Social Security as a retirement system, which it is in part.  But at the same time it is also a welfare system, which explains why the retirement part is so minimal as compared to actuarially based pension systems.  That is, the welfare aspect costs money, to the detriment of the retirement aspect. 

My aim is to flesh out the details of this a bit.  My source of data is the official website of the Social Security Administration: www.socialsecurity.gov. 

ELEMENTS OF THE WELFARE ASPECT

1. SSI (Supplemental Security Income) and Disability

Pages