About

The page explores the history, structure, and benefits of Social Security, as well as its controversies and future challenges. The page begins by discussing the origins of Social Security, tracing it back to the Great Depression and President Franklin D. Roosevelt's efforts to provide a safety net for Americans. It then dives into the Social Security Act of 1935, which established the program and created an intricate system of retirement, survivor, and disability benefits. The structure of Social Security is explained, highlighting the two main trust funds: the Old-Age and Survivors Insurance (OASI) Trust Fund and the Disability Insurance (DI) Trust Fund. The page also covers the funding mechanisms, primarily based on payroll taxes, and the Board of Trustees responsible for overseeing the program's finances. Next, the page details the various benefits provided by Social Security, including retirement benefits, survivor benefits for spouses and children, and disability benefits. It delves into eligibility criteria, payment calculations, and factors affecting benefit amounts. Additionally, the page touches on the controversies surrounding Social Security, such as funding issues and debates over potential reforms. There is also a discussion of the criticisms and challenges faced by the program, including concerns about its long-term sustainability and the adequacy of benefits. Finally, the page concludes with references and external links to further resources, allowing readers to explore the topic in more depth. Overall, the Wikipedia page on Social Security in the United States offers a comprehensive overview of this crucial social insurance program, combining historical context, program structure, benefit information, and broader discussions on its controversies and future sustainability.