This document is a quiz about Social Security in the United States. It contains multiple choice and true/false questions about who Social Security benefits, how it provided support after 9/11, whether it has helped the person taking the quiz, how it is funded, and whether it is sustainable for future beneficiaries. The answers provided show that Social Security benefits many groups beyond just older people, is not bankrupt, does not contribute to the federal deficit, and can remain solvent with relatively small changes rather than major overhauls.

1. Social Security Quiz Adapted with permission from materials prepared by Lisa Tilson, Florida SEIU S/SW Retiree Coordinator

2. Social Security only benefits older people True False

3. What was the most immediate, sustained and generous support for the families of the victims of 9/11? The Red Cross Social Security The Salvation Army

4. Social Security has never done anything for me. --True --False

5. Social Security is just a bunch of worthless IOU’s True False

6. Social Security is going bankrupt True False

7. Social Security is a welfare program True False

8. Social Security is an American invention True False

9. Before Social Security, older people Lived with their children Homeless Well-off did what they wanted Poorhouse None of the above All of the above

10. Social Security contributes to the deficit True False

11. Social Security should be means tested Yes No

12. The average Social Security retired worker beneficiary receives about $1500 each month -- True -- False

13. Working Americans pay the FICA payroll tax on all of the money they earn. -- True -- False

14. The nation cannot afford to keep providing the same of Social Security benefits for future beneficiaries as it does for today’s beneficiaries -- True -- False

15. Answers False that it benefits only older people. 54 million beneficiaries – 37 million retired workers & dependents; 6 million survivors, 10 million disabled workers & dependents. (Includes 4.4 million children) 9/11 -- Social Security – employees at the Social Security Administration worked around the clock to determine who was eligibility. Checks began to arrive in about 30 days. In almost all cases, SS protected you from the day you were born False. Social Security is backed by US Treasury Bonds, and full “faith and credit” of the US Government Social Security is not going bankrupt. Can meet all obligations through 2036 and, even if Congress does nothing, 75% after that.

16. Answers Not a welfare program. Social insurance is a form of wage insurance. Adequacy and equity both important. Social Security is NOT an American invention. The concept of a government run retirement pension originated in Germany, but the Social Security, as we know it is as American as apple pie. Before Social Security, older people… All of the above. Before 1940 (when the first SS check was mailed), over 50% of American seniors lived in poverty. Today the number is close to 10%. Social Security does not contribute one DIME to the deficit. Means testing would destroy political support for SS and would not provide any significant savings unless benefits taken from many middle income people

17. Answers False. Average monthly benefit for retired workers = $1200 Only pay FICA payroll tax contributions on earnings up to $106,800 Affordability. Modest benefits. Relatively modest change need – could scrap the cap or could redirect Bush tax cuts to top 2% of earners.