Yea. 6.2% of each paycheck is taken out for SS and your employer will match it. Then, when you turn 67, you are of retirement age and will start reciecving monthly checks proportional to your income when you were working. There are exceptions but that’s generally how it goes
So just to translate for non Americans: Social Security is a kind of guaranteed old age / retirement pension, by the looks of it.
Yea. 6.2% of each paycheck is taken out for SS and your employer will match it. Then, when you turn 67, you are of retirement age and will start reciecving monthly checks proportional to your income when you were working. There are exceptions but that’s generally how it goes