Have you ever wondered how Social Security works?

A document published in January on SSA.gov, titled ‘Understanding the Benefi outlines the basic premise and impact of this program.

At the top of page one, it reads ‘Social security a simple concep and here at Simple Civics, we aim to make it even simpler!

Let's dive in!

Social Security reaches almost e and at some point touches the lives of nearly all American Social Security helps older Amer workers with disabilities, and families in which a spouse or pa It's estimated that about 184 mi worked in Social Security covered employment in 2024, and paid Social Security taxes.

As of September 2024, about 68 million people receive monthly Social Security benefits.

It goes on to say the current Social Security syst works like this... When you work about $0.85 of every Social Security tax dol you pay goes to a trust fund.

This fund pays monthly benefits to current retirees and their families, and to surviving spouses and children of workers who have About $0.15 goes to a trust fund that pays benefits to people with disabilities and their families.

From these trust funds, Social Security also pays the costs of managing programs.

Of each Social Security tax doll you pay, the government spends l than one penny to manage the pro The guide continues by describin benefits and more.

Plus!

online, you can see exactly what you've paid in, as well as your current eligibil Despite its simple concept, Social Security is a massive, co that touches nearly every Americ with today's workers paying for today's beneficiaries one question remains... Will it continue to provide for future generations the way it has in the past?

Simple Civics Brought to you in part by the Indiana State Teachers Accosiation.