Understanding Social Security
This worksheet introduces Grade 9 students to the basics of Social Security in the United States, covering its purpose, funding, and impact.
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Understanding Social Security
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Read each question carefully and answer to the best of your ability. For multiple choice questions, circle the letter of the correct answer. For fill-in-the-blank questions, complete the statement with the appropriate word or phrase. For short answer questions, provide a concise and thoughtful response.
1. What was the primary purpose of establishing Social Security in the United States?
To provide universal healthcare for all citizens.
To offer financial protection to retirees, the disabled, and survivors.
To fund infrastructure projects across the country.
To regulate the stock market and prevent economic crises.
2. Social Security is primarily funded through which of the following?
Income taxes on all citizens.
Sales taxes on consumer goods.
Payroll taxes (FICA) paid by employees and employers.
Voluntary contributions from wealthy individuals.
3. Social Security was signed into law by President in 1935 as part of the New Deal.
4. The Social Security Administration (SSA) is the independent agency of the U.S. federal government that administers the program.
5. Only retired individuals are eligible to receive benefits from Social Security.
True
False
6. The full retirement age for Social Security benefits has remained constant since the program's inception.
True
False
7. Briefly explain the concept of 'pay-as-you-go' as it relates to Social Security funding.
8. Identify two groups of people, other than retirees, who may receive Social Security benefits.