ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Social Security
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AARP
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Medicaid
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Life Alert
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Detailed explanation-1: -Social Security is a federal program in the U.S. that provides retirement benefits and disability income to qualified people and their spouses, children, and survivors.
Detailed explanation-2: -Social Security provides more than just retirement benefits. About 90 percent of workers aged 21-64 in covered employment in 2022 and their families have protection in the event of a severe and prolonged disability.
Detailed explanation-3: -According to theSocial Security Administration (SSA), the maximum monthly Social Security Disability benefit is $3, 345 per month in 2022 – up from $3, 148 in 2021. This number is also the maximum monthly amount people who have reached full retirement age can receive for their monthly Social Security retirement payment.
Detailed explanation-4: -You may qualify for monthly SSI payments if: you are 65 or older, blind or disabled; you are a U.S. citizen or lawful resident; and you have very limited income and financial resources.