What is the problem with social security?
Social Security is benefits provided under the Social Security Act(1935), financed by the Social Security Tax authorized by theFederal Insurance Contributors Act (FICA) and ad…ministered by theSocial Security Administration. The term usually refers toretirement income benefits, but other benefits include SocialSecurity Disability Income Insurance Aid to Families with DependentChildren (AFDC); the Food Stamp program; Unemployment Insurance;Medicare; Medicaid; Public Assistance for the Aged, Blind andDisabled; Veterans' Compensation and Pensions; Housing Subsidiesand Public Housing; Nutritional Programs for Children; and StudentAid.
You can apply it through the nearest Social Security office
Granted this is a bit over simplified, but... Imagine being in a classroom, any classroom. And, in that classroom there is only one way that papers and homework are graded, w…ith an average. Say the class has 12 people, and half did the homework and got 100%, a quarter did the homework and got 50%, and the last quarter didn't do any homework. The class average would be 62.5%. For those that did nothing that is a VAST improvement, causing them to do nothing, but for those that worked hard and did the homework getting 100% right they get robbed. How long do you think it will be till those that really are trying give up? Socialism, much like Capitalism, has an "Upper Crust" of people. Those people would be considered the teacher, they are not touched by the principles of Socialism. Socialism does not allow for a peon to "make it". The more you make the more is taken. That is just one example. Once you factor in the way humans think and act, then you have a social and economic structure that doesn't work. Who wants to be a CEO or doctor with much more responsibility and a greater chance for observable failure if they get the same reward as a janitor or fast food worker?
Apply through your nearest Social Security office
Currently, the social security retirement age is 65. However, you can get the funds out earlier if you were willing to receive less in the way of a benefit. You can check ou…t some great calculators on the Related Link below that will show you the impact of taking the distribution early. Check out the attached link.
It depends on the laws of the country in question.
In normal scenarios if you are born in the US they would apply for you when you were born, if you are into US by for some work then you have to apply by yourself in the Social… Security Office.
It gives people a regular income after they retire.
The problem that many people see is that as the Baby Boom generation retires, social security costs are going to become so high that the system may not be adequately funded by… the payments made by the existing work force. .
I'm not aware of any problems with the original Social Security Act of 1935. It provided income for disabled and retired workers and their dependents - currently, 40% of the i…ncome of persons aged 65+ comes from SSA - temporary income for unemployed persons, and a minimum income for indigent persons who met other eligibility requirements such as age. It was one of the best pieces of legislation in the US in the 20th Century. Over the years, unemployment insurance benefits have been routinely extended during recessions, which has required the use of tax funds. The Social Security retirement program has developed actuarial problems due to factors such as increasing life spans, decreasing numbers of wage earners making contributions to the system and lowering the age of eligibility from 65 to 62.
For this purpose you will have to apply through the Social Security Administration process. Make sure that you specify that you seek disability, rather than retirement, benefi…ts. You may be able to start the process by going to the SSA gov website SOCIAL SECURITY BENEFITS ONLINE. Alternatively, you can call the Social Security Office closest to you and schedule an initial appointment. It is probably more efficient to complete the forms online, as they are rather extensive. Before you begin, you should assemble information pertaining to your physicians, past employers, and various other categories of material that is enumerated on the website. If you have it at hand before you start the online process, the going will be easier. Therefore, review the website before you plan to complete the application so you can gather the needed information. Once you have made the online submission, Social Security will determine if you have the requisite "credits" or "quarters" paid into the system to qualify for benefits. If you do not, the rest of the process is moot; if you do, it will move forward. Among other things, Social Security will obtain medical records from treating physicians, counselors, hospitals, and others from whom you obtained treatment. This may take some time depending upon the providers' responsiveness. There will likely be a lengthy telephone interview with a caseworker, and in the case of a claimed mental disability, there will likely will also be a psychological examination by an independent practitioner to help determine the issue of disability. Keep in mind that the main determinant to being awarded SSDI is a finding of inability to work at all in any area for which you are suited by knowledge, training, or experience. Therefore, the medical/psychological/employment records will have to support that contention. Unsupported allegations that you make will not, in and of themselves, be enough. If you are awarded SSDI, Social Security may conduct periodic reviews of your condition to determine if you continue to meet the requirements of entitlement.
One way is to close tax loopholes. Another possibility a flat tax with no deductions except for catastrophic events.Reducing benefits for those already receiving SSI is NOT an… option for low-income receipients. That will only make them eligible for other Federal monies. Taking money from one pocket to put it in the other does not make more money. Bring production jobs back to the U.S.Stop giving money and services to illegal aliens. Instead, help build Mexico's economy so they can be self-sufficient.Stop Medicare fraud. Deliberate fraud and multitudes of errors are a great burden.We must keep our promises to our elderly and disabled Americans. I look forward to more possible solutions, and share them with your congresspeople and the President.
Baby Boomers could not invest their personal savings in the stockmarket --NovaNet
Solvency - with less and less going in and more benefits being paid out. With the baby-boom generation retiring, this is getting even more challenging.
The problems within the Social Security Administration are not from the agency itself. The problems are the politicians who believe that SS funding can be used for other gover…nment programs and have stolen close to $1 trillion in the last 10 years. Thank You Democrats.
I will start with the facts and figures. Did you know, 54 million depend on Social Security1 out of every 6 people. About 2 out of 3 seniors depend on Social Security for most… of their income, and one-third of seniors rely on it for at least 90% of their income. Social Security's benefits are modest but vital. The average benefit is about $13,000 a year i.e, less than full-time, minimum-wage work. Social security my account is the best to know about the social security.