why do i have to pay money out of my check to pay for old people social security
why do i have to pay money out of my check to pay for old people social security
user
Old-age Social Security benefits are funded partially by the government and partially through taxes on wages and self-employment income paid into the Social Security trust funds. You have to pay taxes into the system while you are working so that when you reach retirement age and begin receiving benefits, the money will be there. You can also view Social Security as a savings account that you have been contributing to over your working lifetime, so when you begin receiving benefits they are money you have already paid for.
assistant