Social Security is a social insurance program funded primarily by payroll taxes. Collected in accordance with the Federal Insurance Contributions Act, this program constitutes the federal government’s largest expenditure.
Social Security is a controversial topic. Nevertheless, many opinions regarding this issue are based primarily on myth. Following are some common misconceptions regarding Social Security:
- Social Security will be unsustainable by 2037
- Social Security benefits are earned
- The Social Security program is bankrupt
While claims such as these are based on some truth, they are nevertheless greatly exaggerated. For example, while the federal government is in substantial debt, the Social Security system still distributes funds to those with disabilities. Additionally, disabled individuals without gainful employment can still, in certain instances, apply for Social Security benefits. Furthermore, our Social Security system will arguably retain its sustainability long after 2037. Unfortunately, myths such as these regarding Social Security often discourage people from applying who genuinely need it to survive.
Do not allow Social Security myths to inhibit valid Social Security claims. For questions or assistance in filing a Social Security disability claim, please contact Rodney Bennett at (706) 866-8021 or get more information online at www.bennettlawgeorgia.com