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Finance Dictionary and Glossary of Investment Terms
Social Security
Definition 1.
The comprehensive federal program of benefits providing workers and their dependents with retirement income, disability income, and other payments. The Social security tax is used to pay for the program.
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Definition 2.
A U.S. federal benefits program developed in 1935. The program includes retirement benefits, disability income, veteran's pension, public housing, and even the food stamp program.
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