Primary purpose of Social Security payments to beneficiaries

Question: What is the primary purpose of Social Security payments to beneficiaries?

A) To cover the cost of education for beneficiaries

B) To provide financial support for individuals who are retired, disabled, or survivors of deceased workers

C) To fund recreational activities and travel

D) To offer investment opportunities

Answer:

B) To provide financial support for individuals who are retired, disabled, or survivors of deceased workers

Explanation:

The primary purpose of Social Security payments is to provide financial support for individuals who are retired, disabled, or survivors of deceased workers. Social Security is a federal program designed to offer a safety net for individuals who have reached retirement age, those who are unable to work due to disability, and the families of workers who have passed away.

Here’s why the other options are not correct:

A) Social Security payments are not intended to cover educational costs. Instead, educational expenses are typically managed through other programs such as scholarships, grants, and student loans.

C) Social Security payments do not fund recreational activities or travel. The program is focused on providing essential financial support.

D) Social Security does not offer investment opportunities. It is designed as a support system rather than an investment vehicle.

Conclusion: Social Security plays a crucial role in offering financial stability and support to individuals during retirement, those with disabilities, and the families of deceased workers, ensuring a basic level of economic security.