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[F19]Facts About Social Security

by Elton 0 Jenkins0, Elt

Bookmarking a page on the internet can save lot of time of the users. The popularity of social book marking has increased in the recent years. The concept of social bookmarking is not new but nowadays it has become popular due to the rise of several social networking sites. The first concept of social bookmarking has started from the year 1996.
By using the social bookmarking facility, a person can make a public as well as a personal bookmark. Many new book marking services were launched later. These new book marking services had more features and a user could use them easily.

Nowadays one can find software, services that sorts the bookmarks and places them in the appropriate folders. The browser buttons that is having Blink features saves the bookmarks and the Backflip helps the users in sending their bookmarks to other people by email. The software and services that were made for helping people to do social bookmarks had some deficiency. They were deficient in making a practical model by which they can collect the revenues from the users. Thus, the lack of income led to the closing of most of the websites who pioneered social bookmarking. In many cases, the designs and the ways of launching a new product caused the social book marking sites that came first in this business.

The history of social bookmarking is quite interesting. The term social book marking was first used in 2003. The website that used the term first became popular within a year. After these, several new websites were launched that also had social bookmarking tools. The concepts of all these websites were same but there were some variations in all of them. People used the website that they found to be most convenient. In the year 2007, many famous companies also launched the social book marking sites. Some of the companies had social book marking sites for business only.

To take the help of the social book marking tools one needs to give some information to the website owners. The information which is collected by the websites is confidential and no one can misuse those information. One needs to state his email address and name to the website when he or she registers . A person after registering to a social bookmarking site can subscribe for the newsletter of the website. He can subscribe easily by filling an online form or responding to a survey done by the website.

All the social book marking sites use several tools for enhancing he interest of the users in the sites. They use web beacons and cookies for making the experience of the users more interesting. It also helps the ordinary visitors to gather adequate information on social bookmarking. One can visit letsgetsocialnow.com to know more about social bookmarking.

Under federal law on social security system, the poor, the unemployed and the disabled are provided assistance through the Supplemental Security Income (SSI). This benefit is funded by general tax revenues and given as cash to eligible individuals to help them meet their basic needs of food, shelter and clothing.

Eligibility

In order to be eligible to receive SSI benefits, an individual must prove the following:

• That he is age 65 or older, blind, or disabled

• That he legally resides in one of the 50 states, the District of Columbia, Northern Mariana Islands or is the child of military parents assigned to permanent duty outside of the US

• He is a student (certain restrictions apply) temporarily abroad.

• That he has income and resources within certain limits

• The individual must also apply for the benefits.

Social security benefits are more than an insurance plan. It provides and supplements income for retirees, the disabled and the unemployed. Here are ten important points to remember about the social security income benefits as a good investment plan:

1. Social security acts as protection and insurance – Social security provides insurance coverage to more than 153 million workers and their families and benefits to close to 46 million individuals of all ages, including children of the deceased, disabled and retired workers.

2. A retirement benefit is guaranteed for life and adjusted with inflation changes. – Social security benefits continue to be paid throughout the lifetime of retirees and are designed to make adjustments as prices change.

3. Benefits are available for another 39 years – Social security benefits are available for the next 39 years that will come from the taxes paid by current workers. Seventy-three percent of benefits will still be available even after 2041.

4. Protection and security against death and disability – Reforms proposal in the social security benefits include calculations for death and disability benefits.

5. Provides progressive security for workers – The social security provides progressive benefits for low-income workers. A benefit formula has been designed to favor those who have earned little income throughout their careers.

6. Principal source of income for older Americans – The social security benefits is a source of income for more than 90 percent of Americans aged 65 and older. The pension income of older people makes up about one-third of beneficiaries who rely solely on pension as their source of income.

7. Beneficial to Women – The social security income benefits provide more benefits to women than initially planned. Close to 24 million women, comprising 53 percent of beneficiaries currently receive social security benefits.

8. A source of critical income for minorities – Social security benefits provide a primary source of income for minorities such as African Americans and Hispanics who are mostly low earners. These lower-wage workers and their families receive higher benefits in return.

9. Trust fund guarantees that social security benefits earn from investment – Trust fund assets of the social security agency are invested in the Treasury securities to earn market-based returns. In 2001, the trust fund assets grew to 6.7 percent and continue to grow until 2017. By 2010, the assets will total nearly $3.3 trillion. In this way, all social security tax dollars are reserved solely to pay benefits and administer the agency's program.

10. Foundation of worker's retirement security – The social security was intended to provide important basic protection for workers and their families during retirement. Savings and pension are the main components of the retirement benefits program.

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Both Elton 0 Jenkins0 & M. Salvacion are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Elton 0 Jenkins0 has sinced written about articles on various topics from Social Bookmarking. Elton Jenkins is author of this article on . Find more information about. Elton 0 Jenkins0's top article generates over 590 views. to your Favourites.

M. Salvacion has sinced written about articles on various topics from Social Bookmarking, CDL and Legal Matters. . M. Salvacion's top article generates over 6600 views. to your Favourites.