Social security is better for older people.
Social Security is the term used for the Old Age, Survivors, and Disability Insurance (OASDI) program in the United States, which is run by the Social Security Administration (SSA), a federal agency. Though it is best known for retirement benefits, it also provides survivor benefits and income for workers who become disabled.
Social security replaces a percentage of a worker's pre-retirement income based on lifetime earnings. The amount of the average wages that Social Security retirement benefits replace varies depending on the earnings and when one chooses to start benefits. Social Security provides a foundation of income on which workers can build to plan for their retirement.
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