Social Security facts

While investigating facts about Social Security Office Near Me and Social Security Login, I found out little known, but curios details like:

The Supreme Court ruled that Social Security is Not Yours despite your years of paying into it, that workers have no legally binding contractual rights to their Social Security benefits, and that those benefits can be cut or even eliminated at any time.

how social security is calculated?

LifeLock, an ID protection firm, ran a promotional in which its CEO, being so confident in the service, made his Social Security Number public. This resulted in him being the victim of identity theft 13 times, in addition to a $12 million company fine for false advertising.

What are the hours at social security?

In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what's social security. Here are 50 of the best facts about Social Security.gov/my Account and Social Security Benefits I managed to collect.

what are the hours at social security office?

Xerox has a program called Social Service Leave that allows employees to take a year off to work for a nonprofit organization while earning their full salary and including job security.
The first person to receive a Social Security check,Ida May Fuller, collected $22,889 despite only contributed $25.
7 million American children suddenly disappeared in 1987 when the IRS started demanding that their Social Security numbers be included on the tax return of those claiming them as dependents.
In South Korea, children under 17 are blocked from playing online games past midnight which is monitored by their KSSN (Korean Social Security Number).
The CEO of Lifelock, had his identity stolen 13 times after posting his real Social Security No. The company was sued by Experian for placing false fraud alerts on clients, thus keeping LifeLock clients' files in a constant state of alert. They also were fined $12 million for false advertising.
The founder of a lifelock, a service designed to protect you from identity theft, made his Social Security number public to prove it worked. His identity has been stolen 13 times.
LifeLock’s CEO, Todd Davis, who famously advertised his company’s services by displaying his social security number in ads, has had his identity stolen 13 times.
Believing that insurance was seen as not trusting in God, and viewing social security as a form of old age and survivors insurance, the Amish refuse to pay the premium or accept the benefits of social security.
40% of school teachers will NOT be eligible for any social security benefits when they retire (even when they are 65+ years old)
Ayn Rand took Social Security benefits and likely medicaid as well.

social security facts — What's social security number?

Social Security data charts

For your convenience take a look at Social Security figures with stats and charts presented as graphic.

social security fact data chart about How my 800€ per month social security gets spent in Central — How my 800€ per month social security gets spent in Central Finland

social security fact data chart about I analyzed the Baby Names from Social Security Card Applicat — I analyzed the Baby Names from Social Security Card Applications - National Data dataset and plotted the population growth and most trending names.

Why social security was created?

You can easily fact check why social security tax by examining the linked well-known sources.

A flawed calculation led to inappropriately high social security benefits for those born between 1910 and 1916. The calculation has been fixed, but they still receive these benefits.

When the Great Depression began in 1929, US was the only industrialized country in the world without unemployment insurance or social security.In 1935, Congress passed the Social Security Act, providing Americans with unemployment, disability and pensions for old age - source

Unauthorized Immigrants Paid $100 Billion Into Social Security Over Last Decade - source

Despite decrying government benefits, Ayn Rand collected at least $11,002 in social security benefits. She also received medicare to treat her lung cancer, which she denied being caused by her smoking.

The combination of name, date of birth, and social security number is referred to as the "Holy Trinity." After death, this information becomes public record and is sometimes used to commit fraud. - source

When social security stimulus checks?

George Koval, who, in WWII, was an American soldier that secretly gave info the USSR about the Manhattan Project. In 1999, although living in Russia and having been outed as a spy for nearly a half-century, he applied for an American Veteran's Social Security Cheque. He was denied.

How social security works?

Once an individual reaches 80 years of age, they rely on their Social Security income for approximately 70% (or more) of their monthly income. They are living in poverty in many cases because this isn"t enough.

The first person to receive a monthly benefit check was Ida May Fuller, in 1940. Her check was for $22.54.

A person can change their Social Security Number if they are being harassed or their life is in danger.

On average the amount a person receives on Social Security only equals 40% of their earnings pre-retirement.

Social Security started in 1937 at 2% of income. Today it's over 12%.

Social security infographics

Beautiful visual representation of Social Security numbers and stats to get perspecive of the whole story.

social security fact infographic about Visualization of avg. income after taxes and social security — Visualization of avg. income after taxes and social security benefits in Norway (2006-2017)

When social security office open?

It is estimated that 33% of the households in the United States spend every resource in each pay period. This can make it difficult if not impossible to save for retirement, making Social Security even more important.

Federal income tax is not the only tax Americans have to pay. There are also social security tax, sales tax, property tax, alcohol tax, tobacco tax, gambling tax, and excise tax.

Social Security trusts include the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Hospital Insurance Trust Fund, and the Federal Disability Trust Fund.

It is estimated that 90% of individuals in the U.S. aged 65 and older receive benefits from Social Security.

Among the New Deal laws that Perkins promoted in her capacity as Secretary of Labor were the creation of social security, minimum wage laws, and the creation of the Civilian Conservation Corps.

How social security benefits are calculated?

The main Social Security programs in the United States include OASDI (Federal Old Age, Survivors, and Disability Insurance, TANF (Temporary Assistance for Needy Families, Medicare (health insurance coverage for disable and aged), Medicaid (medical assistance grants to states for low income individuals), SCHIP (State Children's Health Insurance Program), and SSI (Supplemental Security Income).

The Amish and Mennonites are exempt from the social security system and don't have social security numbers

Howlin’ Wolf paid well, gave his band health benefits, withheld unemployment and Social Security. He was illiterate into his 40’s when his wife encouraged him to learn to read and write. He got his GED and studied business and accounting.

Ayn Rand, the poster woman for the Tea party and Republicans everywhere, was on Social Security and Medicare.

There are about 2.8 workers today to account for every beneficiary of Social Security. In 2035 it is estimated that there will only be 2.1 workers for every beneficiary.

A cyber security analyst named Robin Sage befriended nearly 300 military personnel, intelligence agencies staff and defense contractors through social networks despite being a completely fictitious profile with no real life information

The taxable amount of income in 1935 was $3000. In 2015 is it was capped at $118,000.

The Social Security Administration will let you change your social security number if you have a (legitimate) "religious or cultural objections to certain numbers or digits in the original number"

It is estimated that one out of every four 20 year olds in the U.S. will become disabled before they are 67 years old, which means they will likely rely on Social Security disability benefits to survive.

More than 3 million Americans ages 50 to 64 are in default on their student loans, putting them at risk of having their benefits garnished when they claim Social Security

One of the founders of LifeLock (an American credit monitoring company) used his Social Security number in an ad campaign. As a result, he became a victim of 13 cases of identity theft.

The Social Security Administration accidentally declares about 1,000 people dead each month in its Death Master File. These people, called Credit Zombies, can be prevented from attaining credit, receiving government benefits, and may even have their bank accounts frozen.

In 1938 a wallet manufacturer's VP decided to insert a fake Social Security card with the SSN of his secretary as an example in all their wallets. The number (078-05-1120) was misused so much that it had to be voided, and in all, over 40,000 people used the SSN as their own.

This is our collection of basic interesting facts about Social Security. The fact lists are intended for research in school, for college students or just to feed your brain with new realities. Possible use cases are in quizzes, differences, riddles, homework facts legend, cover facts, and many more. Whatever your case, learn the truth of the matter why is Social Security so important!