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Social Security Number, Definition. A Social Security number is a unique nine-digit code that’s used to identify you and track your earnings over the course of your lifetime. These numbers were ...
Although the original purpose for the number was for the Social Security Administration to track individuals, [1] the Social Security number has become a de facto national identification number for taxation and other purposes. [2] A Social Security number may be obtained by applying on Form SS-5, Application for a Social Security Number Card. [3]
A Social Security number makes it easier to open financial accounts in the U.S., as well as build credit and apply for loans. In addition, an SSN allows you to work and pay into the Social ...
A side effect of the Social Security program in the United States has been the near-universal adoption of the program's identification number, the Social Security number (SSN), as the de facto U.S. national identification number. The SSN is issued pursuant to section 205(c)(2) of the Social Security Act, codified as .
Almost all parents voluntarily apply for a Social Security number shortly after the birth of a child. In the absence of a national identity card (and concordant national identity number), the Social Security number has become the de facto national identifier for a large variety of purposes, both governmental and non-governmental.
About 3.7 million children receive Social Security benefits, according to recent Social Security Administration data. Children can receive benefits if they are unmarried and younger than 18 ...
Image source: Getty Images. 1. Understand how your claiming age affects your benefits. The government bases your Social Security benefits on your income during your working years and your age at ...
The first Social Security office opened in Austin, Texas, on October 14, 1936. [10] Social Security taxes were first collected in January 1937, along with the first one-time, lump-sum payments. [8] The first person to receive monthly retirement benefits was Ida May Fuller of Brattleboro, Vermont. Her first check, dated January 31, 1940, was in ...