under social security long enough

under social security long enough to become insured, you can receive social security benefits for any month in Which you earn wages of $140 or less, regardless of your total earnings for the year.

Did you ever wonder where your social security taxes go? Did you ever worry that the social security system might go broke before you ever became eligible for monthly benefits? Here is some information from the local social security office that should set your mind at ease on both questions.

Social security taxes go into a federally administered trust fund. This trust fund is used only to pay social security benefits and the operating expenses of the Social Security Administration. Any money which is not needed currently for these purposes is invested in United States Government bonds. A board of trustees,composed of the Secretaries of Treasury, Labor, and Health, Education and Welfare, is responsible for holding the funds and for making reports on them to Congress.

From time to time rumors and reports are started which try to show that the trust funds are going broke or are not soundly financed. These reports are false according to Mrs. Hazel F. Crumpton, District Manager of the Winchester Office.

The social security system has been reviewed a number of times by groups of independent, non-governmental representatives of business, insurance, and labor organizations, and found to be soundly financed. The estimates available covering the next 75 years show that income from contributions and interest on invested assets will be more than enough to finance all present and future benefits as they fall due. In fact, since the law provides for compulsory coverage of future generations of workers, the social security system is as financially sound for the future as it is for the present.