{"id":172,"date":"2015-06-29T18:01:26","date_gmt":"2015-06-29T18:01:26","guid":{"rendered":"https:\/\/njfac.wordpress.com\/?p=172"},"modified":"2015-07-31T16:44:55","modified_gmt":"2015-07-31T16:44:55","slug":"social-security-whats-in-it-for-younger-people","status":"publish","type":"post","link":"https:\/\/njfac.org\/index.php\/2015\/06\/29\/social-security-whats-in-it-for-younger-people\/","title":{"rendered":"Social Security: What’s in It for Younger People?"},"content":{"rendered":"

For position only. Programming will be necessary to grade results.<\/span><\/p>\n

Social Security: What’s in It for Younger People?
\nMost people think of seniors when they think of Social Security. Which of these younger people may be eligible for Social Security?
\nDisabled workers
\nDependents of disabled workers
\nChildren and some grandchildren of deceased workers
\nAll of the above
\nMany young people don’t realize that Social Security is a life insurance policy. Take a 30-year-old couple working at average wages, who have two small children. What is the approximate value of the life insurance they would they have to purchase in order to get the protection that Social Security gives them?
\n$100.000
\n$200,000
\n$300,000
\n$450,000
\nWhat is the approximate value of Social Security disability insurance for that same couple and their children?
\n$50,000
\n$150,000
\n$250,000
\n$350,000
\nWhat was the average, annual Social Security benefit paid last year to a family with a widowed mother or father and two or more children?
\n$7,700
\n$10,700
\n$17,700
\n$28,700
\nDo workers have to pass a medical examination in order to be covered by Social Security?
\nYes
\nNo
\nThese disability and survivor benefits are direct benefits for individuals. What are some other benefits of Social Security?
\nPeople on Social Security have more money to spend, and that stimulates the economy and creates jobs.
\nYoung and middle-aged people don’t have to worry about being without any income when they grow old or become disabled
\nOlder people have more independence and dignity
\nChildren are less likely to have to support their elderly parents
\nBecause their own parents are less likely to need financial support, parents can provide more for their children when they are growing up and being educated.
\nAll of the above.
\nThere’s talk of privatizing Social Security. What are the differences between Social Security and private accounts in the stock market?
\nSocial Security protects against inflation
\nSocial Security is a defined benefit — meaning, you know what you’ll get at retirement.
\nSocial Security retirement benefits are for life; you cannot outlive them.
\nSocial Security benefits are not cut if the stock market plunges when you retire.
\nSocial Security protects a very wide range of people.
\nLower-wage workers get a higher return for their contributions than better-paid workers.
\nAll of the above
\nSocial Security is doing a great job for millions of Americans. But its opponents say Social Security is going broke. Just when will it go broke?
\nIn 2027
\nIn 2037
\nIn 2047
\nIn 2057
\nIt won’t go broke.
\nHow many times has Social Security failed to provide monthly benefits?
\nOnly once
\nTwice during World War II when the government was severely pressed for funds.
\nThree times, during recessions
\nNever
\nWHAT’S THE BEST WAY TO PROTECT SOCIAL SECURITY?<\/p>\n

Submit the quiz to find out the answer!<\/p>\n

Quiz Prepared for the National Jobs for All Coalition | http:\/\/www.njfac.org\/ |<\/p>\n

by Helen Lachs Ginsburg, Professor Emerita of Economics, Brooklyn College, CUNY,<\/p>\n

Gertrude Schaffner Goldberg, Professor and Director, Ph.D. Program in Social Work, Adelphi University<\/p>\n

and June Zaccone, Asst. Prof. Emerita of Economics, Hofstra University<\/p>\n

Converted to Web by Dan Berger
\n\u00c2\u00a92010<\/p>\n","protected":false},"excerpt":{"rendered":"

For position only. Programming will be necessary to grade results. Social Security: What’s in It for Younger People? Most people think of seniors when they think of Social Security. Which of these younger people may be eligible for Social Security? Disabled workers Dependents of disabled workers Children and some grandchildren of deceased workers All of… Read More Social Security: What’s in It for Younger People?<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[29],"tags":[],"class_list":["post-172","post","type-post","status-publish","format-standard","hentry","category-social-security"],"jetpack_sharing_enabled":false,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/posts\/172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/comments?post=172"}],"version-history":[{"count":0,"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/posts\/172\/revisions"}],"wp:attachment":[{"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/media?parent=172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/categories?post=172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/tags?post=172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}