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Despite Economy, Illinois Social Security Benefits Will Increase

Peter Drummond asked: If you have been feeling the crunch of finding ways to curb your spending on an already fixed income, then you will be delighted to know that your Illinois social security benefits will increase beginning in January.The Social Security Administration announced on Thursday, October 16 that social security benefits will increase by [...]

Social Security Disability Payments and the Stimulus Package

Meghan DiTolla asked: For a number of years, people have been talking about how the Medicare and Social Security system are potentially not sustainable in its current incarnation.  This will come as dire news to anyone looking to secure Social Security disability payments.  Right now there is a backlog for approvals as well.  In short, [...]

Introduction to Social Security

Joseph Kenny asked: In order to address the routine concerns of many, regarding the payment of bills post-retirement or disability, a federal benefits program was designed in the United States, in 1935, known as the Social Securities Act. The program known as the social security program provides disability, retirement, unemployment and survivor benefits and Medicare. [...]

Reminiscing the Social Security Law in the US

Reminiscing the Social Security Law in the US

Jamil Estorninos asked:
It is the Great Depression of the ‘30s that necessitates the creation of a Social Security program in the US. Poverty reaches its highest peak among older citizens that time and something has to be done.
The Social Security Act, which is considered the first Social Security law, was drafted under the administration [...]