Social Security Income
When you think of the term SSI, the first thing that comes to mind is Social Security Income, the federal government program that provides benefits to workers and their dependents with retirement income, disability income, and other payments. In addition there is also another type of SSI, called Supplemental Security Income a federally funded program intended to help old aged, blind, and disable person with little to no income and provides monetary benefits to meet their basic needs such as food, clothing and shelter.
Good Afternoon class, today I will be talking to you about the origin of the term SSI and how it works in our society. I know most of us are only in our 20’s and nowhere near to receiving social security benefits and you wonder why I am presenting this to you. But although we may be young, some of you may have parents, who are disabled, are close to retirement or have already retired; or you may know a person in living in poverty with a disability, are over 65 years and have children. At any time in our lives we may be affected by one of these inevitable events personally, and it is important
Throughout the world, in any given society there has been a time where an individual, family or society is faced with a period of unemployment, disability, death and old age; events likes these are said to be “the threats to one’s economic security.”
The first ‘economic security’ organizations were formed by merchants and craftsmen during the middle ages that were called guilds, where Individuals who had a common trade or business banded…