social security
"Social security" refers to government programs designed to provide financial support to individuals, especially in cases of retirement, disability, or unemployment.
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Definition
B2Government Programs
(general)A government initiative that provides financial aid to people who are retired, disabled, or unemployed.
Example
- Many elderly people rely on social security to cover their living expenses.
- Social security helps disabled individuals maintain a stable income.
C1United States
(specific)A federal program providing retirement benefits, disability income, and survivor benefits, managed by the Social Security Administration.
Example
- He applied for Social Security benefits after retiring at the age of 65.
- The Social Security Administration manages the distribution of disability benefits.
C1Economics
(academic)A system funded by taxes to ensure economic security against risks like old age, disability, and unemployment.
Example
- Social security systems are crucial for maintaining the economic stability of retirees.
- Governments use payroll taxes to fund social security programs.
Similar
Terms that have similar or relatively close meanings to "social security":