Word of the Week:
Social Security

Definition: Social Security is a government program that takes in taxpayer dollars and pays out benefits to older Americans, the disabled, survivors, and dependents. It’s essentially a national retirement-savings plan and economic safety net.

Key Takeaway: To be eligible for Social Security, you generally must have paid into the system through work (or you must be the dependent or survivor of someone who paid into the system).

Fun Fact:  About one out of every six U.S. residents currently receives Social Security.