What Is 'Social Security'?

Social Security is a part of a social insurance and welfare program that provides benefits to retirees, disabled workers and survivors of disabled workers. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Term of the Day | Words to Know Social Security Social Security is the term used for the Old-Age, Survivors, and Disability Insurance (OASDI) program in the United States, run by the Social Security Administration (SSA), which is a federal agency. While best known for retirement benefits, it also provides disability income and survivor benefits. It is independent of a lump sum pension. Read More » Related to "Social Security" 10 Common Questions About Social Security Find answers to the 10 Social Security questions that most people ask, from how to apply for benefits to how secure the system is. Read More » 3 Ways to Get Social Security Benefits Social Security isn't just for retirement. It's also for survivors and people with disabilities. Learn about all three benefits here. Read More » SPONSORED BY INVESCO The Complete Guide to ETFs ETFs are becoming increasingly popular and soaring to new heights among investors. Invesco's insights can help you determine if these investment vehicles are right for you. Learn More » When Do Social Security Benefits Start and End? Social Security retirement benefits, survivor benefits, and disability benefits are key federal programs. Find out when to take them. Read More » Related Definitions Old-Age, Survivors and Disability Insurance Program The old age, survivors, and disability insurance program (OASDI) is the official name for Social Security in the United States. Read More » Social Security Administration The Social Security Administration (SSA) is a U.S. agency that administers social programs covering disability, retirement and survivors' benefits. Read More » Social Security Benefits Social Security benefits are payments made to qualified retirees and disabled people, and to their spouses, children, and survivors. Read More » Medicare Medicare is a U.S. government program providing healthcare insurance to individuals 65 and older or those under 65 who meet eligibility requirements. Read More » CONNECT WITH INVESTOPEDIA Email sent to: mondemand.forex@blogger.com To update your newsletter preferences or unsubscribe, click here. 114 West 41st St, floor 8 New York NY 10036 © 2020, Investopedia, LLC, All Rights Reserved | Privacy Policy