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There are about 45 million people who receive retirement, survivors and disability benefits. For an average wage person with a family, social security survivor benefits are equivalent to a $354,000 life insurance policy or a $233,000 disability insurance policy. Also, a 35-year-old man who earns $40,000 a year with a wife and kid would get $1,900 a month if disabled. If he died, his family would get $2,400 in survival benefits.
Social security also offers medicaid. This is insurance for low income families. Medicaid is the largest source of funding for medical and health related services for America's poor...
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