Preserving and strengthening Social Security for Washington State
Did you know that: - A person earning $107,000 and a person earning $107 million contribute the exact same amount to Social Security? - 1 in 6 Americans benefit from Social Security? - Social Security currently has a multi-trillion dollar budget surplus? Learn more and ask your own questions at the Social Security Works! forum …
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From the Alliance for Retired Americans: Social Security benefits are based on a worker’s earnings; the more a worker makes, the higher the benefit amount will be. Because some workers are in low paying jobs and have little income to save for retirement, Social Security uses a benefit formula that replaces a greater fraction of …
Continue reading How is Social Security so effective at preventing poverty?
From the Alliance for Retired Americans: Social Security provides vital life and disability insurance protection for millions of citizens, especially children and their families. About 6 million children under age 18, or nearly 9% of all children in the United States, benefit from Social Security as dependents of workers who have died or become disabled …
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Social Security Works - Washington 