Grok The Social Security Administration is adamant: Watch out, half of America knew nothing
The US Social Security clears all doubts for millions of Americans: it's clear for everyone
The United States Social Security Administration (SSA) has issued an important clarification that has surprised millions of citizens. Many people do not understand the differences between Social Security and the Supplemental Security Income (SSI) program. This has led to confusion about eligibility and available benefits.
Differences between Social Security and SSI: the SSA clarifies it to half of America
Social Security is a program based on workers' labor contributions. Through payroll taxes, employees accumulate credits that allow them to access retirement, disability, or death benefits. These benefits can also extend to certain family members of the worker.
On the other hand, SSI is a program funded by general federal government funds, not by payroll taxes. It is designed to provide financial assistance to people over 65 years old, blind, or with disabilities who have limited income and resources. Unlike Social Security, SSI doesn't require a work history to be eligible.
Funding of the programs: many Americans are unaware
Social Security is funded through payroll taxes, known as FICA, which workers and employers pay. These funds go to a trust that covers retirement, disability, and survivor benefits.
In contrast, SSI is funded by general federal government funds. This means that SSI benefits come from general tax revenues and not from a specific fund fed by labor contributions.
Eligibility for SSI: don't miss the details
To qualify for SSI, a person must have limited income and resources. Income includes wages, Social Security benefits, and other types of income. Resources refer to assets such as cash, bank accounts, and properties.
The US Government sets specific limits for these factors, and exceeding those limits can disqualify a person from the program. The SSA's clarification highlights the importance of understanding the differences between Social Security and SSI.
While the former is based on labor contributions and provides benefits to workers and their families, the latter is designed to help people with specific economic needs, regardless of their work history.
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