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How Social Security Numbers Work by jasen lin





How Social Security Numbers Work by
Article Posted: 05/26/2015
Article Views: 224
Articles Written: 254
Word Count: 951
Article Votes: 0
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How Social Security Numbers Work


 
Business,Science & Technology,Consumer
In the United States, the nine digits that make up your Social Security number (SSN) may be the most important numbers in your life. You are required to apply for your SSN when you start your first job, and it stays with you from then on! We use our SSNs daily, although many times we don’t even know it.

Important as it is, we may not know much about the origin of our specific number and how SSNs generally came to be. We certainly do know we don’t want other people using our SSN as their own, especially not 40,000 other people, as happened to one woman we’ll discuss a little later!

In this article, we’ll tell you about about how the Social Security program began and answer some common questions regarding SSNs. We’ll also tell you what to do if your card is lost or stolen and how you can deal with and prevent Social Security fraud. But first, we’ll tell you what your numbers are for, what they mean and how you get the specific number you’ll have for the rest of your life.

Generally, the term social security describes a program that uses public funds to provide a degree of economic security for the public. The specific social security discussed here is the United States government program established in 1935 that provides old age, disability, and survivors insurance, as well as supplemental security income, an income for elderly or disabled people.

n the United States, employers and employees are required to pay Social Security taxes. The money raised from these taxes primarily goes to providing benefits for those who have reached retirement age or are otherwise currently eligible. In this way, today’s workers provide funds for the people drawing benefits today, and when today’s workers retire, the workers of that time will (at least theoretically) provide the funds. You receive Social Security benefits based on the amount of Social Security taxes you have paid, which, up to a certain maximum amount, is based on your income. People who have had greater incomes tend to get greater Social Security benefits. But Social Security also pays a disproportionate amount to people earning low incomes. They need the money more, and a dollar they pay in Social Security taxes provides them higher benefits than a dollar paid by a high-roller. In this way, Social Security in principle provides for those in need.

Social Security reform is in the news pretty consistently. This is beyond the scope of our discussion here but you can learn more about Social Security reform at the Social Security Reform Center. See also How does the Social Security system work?.

The original and essential purpose of SSNs is to keep track of the money you put into the Social Security program so that you can get the benefits you’re entitled to. The government needs lifelong, unique identity numbers to keep track of people’s payments throughout an entire working life, no matter how often we move or change occupations or even change our names.Security Alarm GSM security alarm alarm security system security alarm systems wireless security alarm system security alarm systems for homes home alarm security systems wireless security alarm systems home alarm security system security alarm systems for home security home alarm systems alarm system for home security security alarms systems for homes home security alarms systems alarm system home security alarms security systems security and alarm systems security alarm systems wireless wireless alarm security system home security store alarm systems alarms and security systemsm security and fire alarm systems alarms and security systems security and fire alarm systems dreambox dm7080 dreambox dm7080 dreambox dm820 dreambox dm7020 hd v2 cheap wholesale dreambox dm800 hd v2 GigaBlue HD Quad Plus Sunray SR4 V2 Sunray SR4 800 se

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