Answers.com > Wiki Answers > Categories > Business & Finance > Personal Finance > Retirement Planning > What does social security funds pay for?

What does social security funds pay for?

In: Retirement Planning, Social Security [Edit categories]

Answer:

It helps pay for the people that are retired now....soon people will be paying for us when we are seniors but now we pay for the senior citizens now

First answer by ID2920598961. Last edit by ID2920598961. Question popularity: 2 [recommend question].

[report abuse]

Can you answer these Retirement Planning questions?

	What is deducted from a worker's paycheck to fund social security and medicare?	Answer it!
	How much can you get for social security disability?	Answer it!
	How do you add your newborn to Medicaid when you were already previously on Pregnancy Medicaid?	Answer it!
	When did congress start borrowing for the social security trust?	Answer it!
	Can a child receive death benefits and social security disability at the same time from a deceased parent?	Answer it!

Do senators pay social security?
Maury Povich
How do you pay into Social Security?
Social Security is deducted from a worker's paycheck by their employer.
Do I have to pay social security?
Yes, this is an American way of trying to keep the elderly taken care of.
Do your tax pay your social security?
The taxes that you are paying now for for the social security and medicare insurance program are being used to pay for the benefits that the current beneficiaries are receiving at this time and also...
Does Social Security pay for Medicaid?
No, Medicaid is paid with tax money/borrowing.