What Is Social Security?


E. Napoletano and John Schmidt of Forbes.com break down what Social Security is, how it works, and who is eligible.

If you receive a paycheck, you’re probably well acquainted with a little line item that says “Social Security Tax.” Although many people most associate it with our nation’s troubled retirement financing infrastructure, Social Security still provides income and benefits to older Americans and those who can no longer provide for themselves due to disability.