Understanding Social Security
This worksheet explores the history, structure, and current challenges of the Social Security system in the United States, suitable for Grade 11 Social Studies.
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Understanding Social Security
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Read each question carefully and provide thoughtful answers based on your knowledge of the Social Security system in the United States.
1. Social Security was established in what year as part of the New Deal?
1929
1935
1941
1950
2. The primary source of funding for Social Security benefits comes from:
Income taxes
Sales taxes
Payroll taxes (FICA)
Property taxes
3. Social Security provides retirement, disability, and benefits.
4. The Social Security Administration is an independent agency of the government.
5. All income earned by an individual is subject to Social Security taxes.
True
False
6. Social Security is designed to be the sole source of income for retirees.
True
False
7. Briefly explain the concept of 'pay-as-you-go' in relation to Social Security.
8. What are some of the current challenges facing the Social Security system?
Use the words below to complete the sentences.
9. Social Security was created during the to provide a safety net for Americans.
10. The aging population and changing are major concerns for Social Security's long-term solvency.