FinancialSecurity

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    What Happens When Social Security Runs Out?

    Overview of Social Security Social Security is a social insurance program established by the U.S. government in 1935 to provide retirement, disability, and survivor benefits to eligible individuals and their families. It is funded by payroll taxes, which are deducted from workers’ wages and matched by their employers. The Social Security Administration (SSA) is responsible for administering the program and…

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