U.S. Social Security Administration
WHAT WE DO:
Social Security reaches almost every family, and at some point, touches the lives of nearly all Americans.
Social Security helps older Americans, workers who become disabled, and families in which a spouse or parent dies. Today, about 167 million people work and pay Social Security taxes and about 59 million people receive monthly Social Security benefits.
Most of our beneficiaries are retirees and their families—about 42 million people. But Social Security was never meant to be the only source of income for people when they retire. Social Security replaces about 40 percent of an average wage earner’s income after retiring. While 40 percent is a great place to start, it’s a terrible place to finish. And, that’s why it’s important to plan and save for your retirement. Most financial advisors say retirees will need 70 -80 percent or more of pre-retirement earnings to live comfortably. To have a comfortable retirement, Americans need more than Social Security. They also need savings, investments, pensions, or a retirement account.
Social Security is more than retirement
Many people think of Social Security as just a retirement program. Most of the people receiving Social Security do get retirement benefits, but others get Social Security because they’re:
Depending on your circumstances, you may be eligible for Social Security at any age. In fact, Social Security pays more benefits to children than any other government program.
WHAT WE OFFER:
Social Security Programs
Social Security is insurance that pays retirement, disability, and survivors benefits to eligible workers and their families. Workers have taxes taken out of their paychecks to earn Social Security insurance credits. Employers also pay part of this cost.
What you can do online at www.SocialSecurity.gov
Get your free personal online my Social Security account today!
my Social Security is a free online account that allows people quick, secure access to their personal Social Security information. Individuals can use my Social Security to access their Social Security Statement to check their earnings and get estimates of future retirement, disability and survivor benefits you and your family may receive.
Social Security: Kids and Families
Here you will find what every kid and parent should know about Social Security. This site provides materials for children and parents to learn about Social Security and why it is important to them.
Social Security 101: What’s In It For Me? video
Are you a college student or young worker getting started on your career? Curious what that FICA tax is that comes out of your paycheck? Want to know how Social Security can help young people? Are you looking for tips on savings and planning for your financial future?
Social Security is Important to Young People and Young Workers
Social Security is important to young people, even before they start working. When a parent becomes disabled or dies, Social Security benefits help provide the necessities of life for family members. Social Security also provides benefits to young workers and their families if they become disabled and have worked in covered employment.
Calculators: Online Calculator
This calculator allows you to estimate your Social Security benefit—retirement, disability and survivors benefit. You need to enter all your past earnings, which are shown on your online Social Security Statement.
Estimate Your Retirement Benefits
Deciding when to retire is one of the most difficult decisions many people face. The Retirement Estimator provides immediate and personalized benefit estimates based on your earnings record. And, best of all the Retirement Estimator is an interactive tool that allows you to compare different retirement options.
Apply online for disability, retirement or spouse’s benefits
If you become disabled and unable to work, you can apply online for disability benefits, or, when you are ready to retire, you can apply online for retirement benefits and your spouse can apply online for spouse’s benefits.
WHAT WE NEED:
We ask that you support Social Security by:
Irene C. Saccoccio
National Public Affairs Specialist
Social Security Administration
Office of Communications
Office of External Affairs
Jump$tart Coalition for Personal Financial Literacy