Social Security is a federally administered social insurance program. The program was created in ; it was designed to mitigate the financial damage caused by the Great Depression. Social Security provides monthly cash stipends to the disabled and the elderly. As of December , 58 million people were receiving Social Security payments Social. Social Security is financially unsustainable because there is a significant difference in the number of retired and the number of workers paying into.
They are not there to collect FICA taxes. The Secretary of the Treasury supervises the preparation and mailing of benefit checks or direct deposits on debit cards and banking accounts. They also provide management and investment of the trust funds. Social Security numbers is an identifiable method.