Understanding Social Security
A Grade 12 Social Studies worksheet exploring the history, structure, and challenges of the Social Security system in the United States.
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Understanding Social Security
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Date:
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Read each question carefully and provide thoughtful responses based on your knowledge of the United States Social Security system.
1. Social Security was established in what year?
1929
1935
1941
1950
2. Social Security is primarily funded through taxes, also known as FICA taxes.
3. The three main benefits provided by Social Security are retirement, disability, and benefits.
4. Social Security was originally intended to be the sole source of retirement income for Americans.
True
False
5. Briefly explain the concept of "pay-as-you-go" as it applies to the Social Security system.
6. Discuss at least two major challenges currently facing the Social Security system and propose potential solutions to address them.