https://www.khanacademy.org/humanities/us-government-and-civics/american-civics-parent/american-civics/v/social-security-intro 2024-10-04T18:28:38.534082326Z Social security intro Social Security, or OASDI, provides benefits for retirees, survivors, and the disabled. It's not a savings account, but a system where current workers pay for retirees' benefits. With more people retiring, the Social Security Trust will start shrinking around 2023 and could be depleted by 2030-2040. This could lead to increased taxes, reduced benefits, or budget shifts. Sal Khan video https://cdn.kastatic.org/googleusercontent/wG1DTZrtwDoPOSjaA5UX649PJ7v0iVywSOEXVpkfNM6RxjvlcjJh_bJyq8VtiwSmOJPgx0aiMjXk7Fu09Yax4C5vBQ Social security intro Social Security, or OASDI, provides benefits for retirees, survivors, and the disabled. It's not a savings account, but a system where current workers pay for retirees' benefits. With more people retiring, the Social Security Trust will start shrinking around 2023 and could be depleted by 2030-2040. This could lead to increased taxes, reduced benefits, or budget shifts. https://cdn.kastatic.org/ka-youtube-converted/gLHUCUv1e5Y.mp4/gLHUCUv1e5Y.mp4 389 Saving for retirement https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:investments-and-retirement/x647545bbd61df4a7:saving-for-retirement/a/what-is-social-security 2024-10-16T16:12:07.950058007Z What is Social Security? Social Security is a key part of retirement planning for most Americans, providing income to retirees, disabled individuals, and survivors of deceased workers. While it’s essential, Social Security alone is usually not enough to cover all expenses in retirement. Here’s a simplified look at how it works and its impact on retirement planning. article https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:investments-and-retirement/x647545bbd61df4a7:saving-for-retirement/e/social-security 2024-11-15T00:40:19.831527354Z Social Security Practice understanding the workings of Social Security and how it affects retirement planning. Elvira Valdez exercise