Social Security is a program that uses public funds to provide a degree of economic Security for the public. It 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. Under this program, 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
