Social Security helped rescue generations of Americans from poverty and helps the rest of us worry a little less about retirement benefits. The days of thinking that our Social Security accounts will manage themselves are over, and we owe our future selves to pay attention to how our benefits develop.
Your grandchild lives with you. Can he or she collect Social Security benefits based on that relationship?
Nobody in the government is ever totally happy with each year's spending budget . In fact, the most recent one was signed by the President despite his vocal disapproval. However, there are quite a few people cheering at least one provision in the mix. There is an increase in the money allotted toward Social Security that's intended to help clear out the backlog of disability claims.
The U.S. Social Security Administration is becoming especially diligent in rooting out instances of fraud. For example, it has been investigating instances of people receiving Social Security disability payments when they don't actually have a qualifying disability and other suspicious activity.
For over 75 years, Social Security has been helping qualifying individuals who have lost their income, often due to disability or retirement. Right now, that means around 42.4 million workers who have retired are getting those benefits checks every month.
Thousands of people who are on the waiting list for Social Security disability payments will pass away before they find out if they are approved or not.
If you're applying for Social Security Disability benefits, be prepared for a long wait -- especially if you aren't approved early on in the process.
Social Security benefits are always hard-won by past contributions and often hard-won in the tough claims process for disability. This is why beneficiaries and their families must be exceptionally vigilant for attempts to defraud or steal Social Security payments from them.
Social Security is in place to help workers receive disability and retirement benefits. Family members can receive children's, spousal or survivor benefits based on a worker's Social Security record. There are limits, though, to how much the Social Security Administration (SSA) will pay on one person's history of work. This is called the family maximum limit.
Cuts have been proposed by the administration for Social Security Disability Insurance (SSDI) program. The reasons for the cuts appear poor. There are allegations that the program is growing, is out-of-control, that there is fraud, that the program is too easy to grant benefits and that it encourages individuals to quit working.