Why is social welfare important?

Answer 1

The core of Social Security was the monthly retirement benefit, which people could collect when they stopped working at age 65. Another important benefit-unemployment insurance-supplied a temporary income to unemployed workers looking for new jobs.

Answer 2

it is important coz ... it is the basic neeeds of the soceity.... welfare hlp commmunity to change form bad situation to good situation,,,, withot welfare society can not improve or inb a goood place... so we neeed social welfare who work for the soceity......

Answer 3

Because it is supposed to be a earned benefit (OASI) OLD AGE SURVIVORS INSURANCE that you and your employer have contributed amounts to from your earnings that you worked for over the past years.

Answer 4

If you have a grandparent more than likely they paid into social security all of their working life and now they are retired they get some of that money back every month. Along with social security is medicare. At 65 medicare kicks in, but each month a deductible is taken out of the social security check. Yet, people still need to buy medical insurance because medicare only pays 80% of a medical bill, so they also pay an insurance company to make up the 20% not covered. Without these things many people wouldn't have medical care or retirement. A country is made up it's people and how well it takes care of the elderly, young, sick, and disabled determines if that country has value. What is the purpose of government ? John Adams wrote that it was to see to the common good of the people.

Answer 5

I will start with the facts and figures. Did you know, 54 million depend on Social Security1 out of every 6 people. About 2 out of 3 seniors depend on Social Security for most of their income, and one-third of seniors rely on it for at least 90% of their income. Social Security's benefits are modest but vital. The average benefit is about $13,000 a year i.e, less than full-time, minimum-wage work.

Social security my account is the best to know about the social security.

Answer 6

How Important is Social Security?

How will losing your Social Security benefits affect your retirement? Use this calculator to determine how losing this important retirement asset could affect you. Click the report button to see your retirement savings with and without Social Security benefits.

Answer 7

Social security is primarily designed to provide income for the elderly by taxing the workforce.