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Unit 9 Social Security
Introduction ,[object Object],[object Object],[object Object]
WHAT IS SOCIAL SECURITY AND HOW DOES IT WORK? ,[object Object],[object Object]
Program Details ,[object Object],[object Object],[object Object]
How Does Social Security Work Over Time? ,[object Object],[object Object],[object Object],[object Object]
How Does Social Security Work Over Time? ,[object Object],[object Object],[object Object]
How Many People Get Social Security? ,[object Object],[object Object],[object Object],National Academy of Social Insurance, Social Security Finances:  A Primer (2005)
Welfare System Who Gets Social Security? ,[object Object],[object Object],[object Object],[object Object],[object Object],National Academy of Social Insurance, Social Security Finances:  A Primer (2005)
How Much Does Social Security Pay? www.ssa.gov/OACT/COLA/colaeffect.html   Type of Beneficiary Average Monthly Benefit   All Retired Workers $1,044 Aged widow(er), non-disabled $1,008 Disabled worker $979 Aged couple-both receiving  $1,713 Widowed mother and two children $2,167
Social Security and Poverty ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Financing Social Security ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Worker Benefits ,[object Object],[object Object],[object Object],[object Object],[object Object]
Average Indexed Monthly Earnings (AIME) ,[object Object]
How do benefits compare to earnings? Retired worker age 65, 2005
How many people rely on Social Security for most of their income? ,[object Object],[object Object],[object Object],National Academy of Social Insurance, Social Security Finances:  A Primer (2005)
Family Benefits ,[object Object],[object Object],[object Object]
How do actuaries estimate the future? ,[object Object],[object Object],National Academy of Social Insurance, Social Security Finances:  A Primer (2005)
What is that non-taxable income? ,[object Object],[object Object],National Academy of Social Insurance, Social Security Finances:  A Primer (2005)

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2007 Social Security Consumer Math

  • 1. Unit 9 Social Security
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9. How Much Does Social Security Pay? www.ssa.gov/OACT/COLA/colaeffect.html Type of Beneficiary Average Monthly Benefit All Retired Workers $1,044 Aged widow(er), non-disabled $1,008 Disabled worker $979 Aged couple-both receiving $1,713 Widowed mother and two children $2,167
  • 10.
  • 11.
  • 12.
  • 13.
  • 14. How do benefits compare to earnings? Retired worker age 65, 2005
  • 15.
  • 16.
  • 17.
  • 18.