Social Security
Definition
A government program that provides monetary assistance to people with inadequate or no income due to old age, disability or unemployment.
Related terms
Payroll Tax: This is the tax employees and employers pay that funds Social Security and Medicare.
Retirement Age: The age at which a person is expected to cease work entirely.
Disability Benefits: These are payments made to individuals who are unable to work due to a medical condition.
"Social Security" appears in:
Subjects (2)
Study guides (1)
Are you a college student?
Study guides for the entire semester
200k practice questions
Glossary of 50k key terms - memorize important vocab
Resources
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.