Social Security System

1. A system of federally funded services and payments to help support the needy, the aged, and the temporarily unemployed as well as providing support for needy, dependent, disabled, or neglected children, rehabilitation for the disabled, and a host of other social services. The system was established as part of the New Deal and is funded by payroll taxes paid by workers and employers.

Example Sentences

In Nomura’s view, Beijing’s best bet is to resist the temptation to fuel the stock markets with very high-profile monetary measures, focusing instead on cleaning up the property mess, and addressing deep-rooted problems like inequality in the social security system.

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Government figures show it is forecast to spend £316.1bn in 2025-26 on the social security system in England, Scotland and Wales, accounting for 10.6% of GDP and 23.5% of the total amount the government spends.

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The Scottish government is also facing questions about how it will fund its more generous social security system.

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The amendment, which has been seen by the BBC, notes "the need for the reform of the social security system" before outlining reasons why the bill should be rejected.

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The Department for Work and Pensions said it would not compromise on protecting people "who need our support", and that reforms "will mean the social security system will always be there for those who will never be able to work".

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