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No. They are separate funds.
No effect at present. Social security trust funds are not being used in the bailout. Of course, there is an ongoing concern that the funds in social security are insufficient to meet future demands. It would be difficult to be more precise than this, because the government will be buying "troubled assets" that may have value in the future.
No. No such thing happened.
You cannot collapse your Social Security trust account. Social Security is a government-administered program that provides retirement, disability, and survivor benefits to eligible individuals based on their work history and contributions. The funds in your Social Security account are used to pay benefits to current beneficiaries and will be available to you when you become eligible to receive benefits.
SSA, as used in "Social Security" is the abbreviation of the agency itself - Social Security Administration. http://encyclopedia.thefreedictionary.com/Social+Security+Administration
SSA, as used in "Social Security" is the abbreviation of the agency itself - Social Security Administration. http://encyclopedia.thefreedictionary.com/Social+Security+Administration
i dont think so
The social security benefits belong to the minor. The amounts are to be used for the minors benefit. A representative payee must apply the payments for the use and benefit of the entitled individual. Social Security and/or SSI funds are properly used if they are: A. Spent for the beneficiary's current and reasonably foreseeable needs or B. Saved or invested for the beneficiary, after current needs have been met.
Younger workers pay for social security benefits to retired workers through payroll taxes. A portion of their wages is deducted and paid into the Social Security trust fund. These funds are then used to pay benefits to current retirees. When the younger workers themselves retire, the next generation of workers will contribute to their benefits.
FAFSA asks for social security numbers to verify the identity of the individuals applying for financial aid. The social security number is also used to match the FAFSA application with the Federal Student Aid records. This helps ensure the accuracy of the information provided and prevents fraud or misuse of federal financial aid funds.
The punctuation mark that should be used in the social security number is the hyphen.
Because they aren't used with the social security office. Fake SS#s are most commonly used with private businesses, such as on fraudulent applications for credit.