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Social Security is a insurance program, not a retirement program. Old-Age, Survivors, and Disability Insurance (OASDI) https://en.wikipedia.org/wiki/Social_Sec
by ghouse 8y ago
Social Security is a insurance program, not a retirement program.
Old-Age, Survivors, and Disability Insurance (OASDI)
https://en.wikipedia.org/wiki/Social_Security_(United_States) https://en.wikipedia.org/wiki/Social_Security_(United_States...
- dragonwriter 8y ago“Retirement” and “insurance against becoming aged and/or disabled” are different framings for the same thing.
- Avshalom 8y ago>>Income derived from Social Security is currently estimated to have reduced the poverty rate for Americans age 65 or older from about 40% to below 10% When 40% (or an extra 30%) of a country ends up in poverty without it kind of does become a retirement program. Or at least an 'old-age' program.