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Social security

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195 words

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Social security

Just having a Social Security number is no longer a symbol of adulthood, the numbers use is no longer confined to working and paying taxes. Government agencies, business and schools rely on Social Security numbers to identify people in their computer systems.

Many people receive their Social Security numbers when they start their first job. It is the first step into becoming an American citizen and, to pay taxes. Since the beginning, in 1935, the Social Security number has become more and more important, to make even the simplest purchase, to have to supply one. However many people are not comfortable with handing over this valuable asset. The Social Security Administration (SSA) has become aware of this growing concern through the years, but unfortunlly there is no law prohibiting their use by business and government. Banks and other financial institutions use this number to report interest earned on accounts to the IRS. Other government agencies use these numbers in computer matching operations to stop fraud and abuse.

Although you can't prevent others from asking for the number, it does not give the use ...

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