The United States Social Security system is commonly used as a generic term encompassing the federal Survivors and Disability Insurance (OASDI) programs including social welfare and social insurance programs.
Social Security receiving funding through a variety of methods with primary funding coming from the United States payroll taxes or self employed contributions Act Tax.
There is growing concern that given the United State’s demographic, the social security program will be unable to fund Seniors and Baby Boomer’s retirement needs beyond 2034 without government intervention into alternative models of funding.
Articles to help you better understand Social Security
What is Social Security’s Future?
Political and economic realities are driving the need for the senior care industry to promote private pay options for senior living and Long Term care