How does social security work in the United States of America?
The program is based on the contributions that workers make to the system. While you are employed, you pay in Social Security; You will receive benefits later, when it is your turn to retire. Contributions take the form of federal insurance contribution taxes (FICA) that are stopped from most payment checks. More on this topic in this new edition of SPR and Your Money with the Economist and Financial Advisor Ramiro J. Atristaín.
We invite you to listen to this and other programs of SPR and Your Money
(Podcast are in Spanish)