Social Security benefits are payments made to eligible individuals and families by the U.S. government, primarily for retirement but also for disability or survivorship.
Think of Social Security benefits like a safety net at a circus trapeze show. Just as the net catches any performer who falls, these benefits provide financial support to people when they retire or can't work due to disability.
Retirement Benefits: These are funds that an individual receives after retiring from their job, often in the form of pensions or savings plans.
Disability Insurance: This is a type of insurance that provides income to individuals who become disabled and are unable to work.
Survivor Benefits: These are funds provided by the government or private insurance companies to the dependents of an individual who has died.
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