social security benefits
Government pension checks
Social security benefits are payments from a government program that provides income to retired workers, disabled individuals, and survivors of deceased workers.
In the United States, benefits are funded through payroll taxes and calculated based on lifetime earnings.
She started collecting social security benefits at sixty-five.
The term often refers specifically to retirement payments: They're living on social security benefits.
- retirement ageStandard work-ending milestone
- full retirement ageBenefits-eligible age without penalty
- poverty reductionDecreasing numbers below subsistence
- trust fundsManaged assets for beneficiaries
- disability insuranceCoverage replacing lost wages
Medicare · check · cost of living adjustment · payroll taxes · dependent children · policy reforms · unemployment compensation · employer contributions · form · economic stability · waiting · income redistribution · government assistance · unemployment insurance · paperwork · means testing · notice · pension
social security benefits401(k)
Tax-advantaged retirement savings account
individual retirement account · private pension · stock portfolio · private wealth · inheritance
social security benefitsrugged individualism
Philosophy of personal independence
privatization · no safety net · self-reliance · personal responsibility · laissez-faire economics
social security benefitsearned income
Pay from work
wages · salary · employment income · active income · paycheck