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Economics: The American Government
Part 1 of Paper
....ng the country today is social security.
The United States was one of the last major industrialized nations to establish
a social security system. In 1911, Wisconsin passed the first state workers
compensation law to be held constitutional. At that time, most Americans
believed the government should not have to care fo.... Part 2 of Paper
....ovides cash payments to help
replace income lost as a result of retirement, unemployment, disability, or
death. The program also helps pay the cost of medical care for people age 65 or
older and for some disabled workers. About one-sixth of the people in the United
States receive social security benefits.
People become eligible to receive benefits by working in a certain period in a
job covered by social security. Employers and workers finance the program
through payroll taxes. Participation in.... |
| Number of words: 2158 - Approximate pages: 8 |
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