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Social Security (view source)

Revision as of 21:17, July 4, 2023

560 bytes added ,  21:17, July 4, 2023
benefits are capped
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Social Security is part of the [[welfare state]], but it is not considered a welfare program because the beneficiaries have paid into it all their working lives.
 
Social Security is part of the [[welfare state]], but it is not considered a welfare program because the beneficiaries have paid into it all their working lives.
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Social security programs were first introduced by conservatives and pro-business politicians, such as [[Otto von Bismark]] in Germany and [[Winston Churchill]] in Britain, in order to weaken [[socialism]]. All developed countries have a system somewhat similar to the U.S.
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But Social Security benefits are capped, such that people who paid more into the system will never get that money back.  As of 2023, the most an individual can receive from this program per month are:
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<blockquote>$2,572 for someone who files at 62.
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$3,627 for someone who files at full retirement age (66 and 4 months for people born in 1956, 66 and 6 months for people born in 1957).
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$4,555 for someone who files at age 70.<ref>https://www.aarp.org/retirement/social-security/questions-answers/maximum-ss-benefit.html</ref></blockquote>
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Social security programs were first introduced by quasi-[[conservative]] and pro-business politicians, such as [[Otto von Bismark]] in [[Germany]] and [[Winston Churchill]] in [[Britain]], in order to weaken [[socialism]]. All developed countries have a system somewhat similar to the [[U.S.]]
    
==History==
 
==History==
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