Social Security benefits

Definition

Social Security benefits are payments made to eligible individuals and families by the U.S. government, primarily for retirement but also for disability or survivorship.

Related terms

Retirement Benefits: These are funds that an individual receives after retiring from their job, often in the form of pensions or savings plans.

Disability Insurance: This is a type of insurance that provides income to individuals who become disabled and are unable to work.

Survivor Benefits: These are funds provided by the government or private insurance companies to the dependents of an individual who has died.