What’s the Distinction- Understanding the Key Differences Between SSI and Social Security

What’s the difference between SSI and Social Security? These two terms are often used interchangeably, but they refer to different government programs designed to provide financial assistance to individuals in need. Understanding the distinctions between these programs is crucial for anyone seeking support or considering eligibility.

Social Security is a broad program that provides retirement, disability, and survivors benefits to eligible individuals. It is funded through payroll taxes paid by workers and their employers. On the other hand, Supplemental Security Income (SSI) is a needs-based program that provides financial assistance to low-income individuals who are aged, blind, or disabled. In this article, we will delve into the key differences between SSI and Social Security to help clarify how they operate and who they serve.