1. The Basics of Social Security
Social Security Administration, nine out of ten elderly age 65 or older receive Social Security benefits, which represent 41% of their income. ... Social Security is the solid foundation of retirement security for most American workers and their families. ... Social security becomes a foundation of economic security for most of Americans, and it can replace part of a worker's income from work. ... The social security tax is counted up to the cap of $106,800 ("Social Security Program"). ... This fund is operated by the social security administration, an independent agency of the ...
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