economics: section 8.6

compulsory saving

forcing individuals to save a certain portion of their salary

social security

all citizens of America must pay into this old-age insurance fund

franklin d. roosevelt 

fill in the blank

social security was created in 1935 by ________ ___. __________ with the Social Security Act

social security card 

your legal name and a SSN assigned to you

• 62

• 66-67

fill in the blank

social security savings can be accessed at the age of ___ or ___-___

survivor benefits

fill in the blank

if they die before 62, a family member may apply for _______ _________

worker’s compensation 

a form of insurance paid by employers that pays medical expenses caused by an on-the-job injury and compensation for lost wages caused by a work-related injury

social security disability program

designed for workers who do not have private disability insurance but have paid into SS and get a serious injury that keeps them from working again

unemployment insurance

financial help for people who have lost their job through no fault of their own