Prices for consumer goods generally rise over time. For example, the cost of an average home 20 years ago would have been about $194,000 compared to the average price in 2019 of $377,000. Similarly costs for utilities, food, and other basic life needs also increase. To account for this, the Social Security Administration adjusts the […]
The idea behind Social Security is that, when someone grows old, disabled, or unable to care for themselves for some reason, the money they paid into Social Security during their working years will be returned to them as a monthly benefit, so they are not left without an income. That money is collected in taxes […]
Social Security fraud now constitutes the top scam in the U.S. The Federal Trade Commission said it has received nearly 1.3 million reports of scammers posing as government agents since 2014, more than any other type of fraud reported in that time frame. In the first three months of 2019, nearly 65,000 incidents of attempted […]
Supplemental Security Income, or SSI as it is commonly known, provides extra financial security for people who are blind, disabled, or over age 65 who lack the resources to cover basic needs. When Social Security was put in place in 1935, that extra measure of security was expected to be provided by the states; but […]