![]() ![]() ![]() ![]() Many businesses ask for your SSN because it is a convenient way to identify you in their system. You put it on bank loans, doctor’s office paperwork, tax filings, credit card applications, student loan forms, and your driver’s license application. It seems nowadays that everyone asks for your social security number. Today, social security numbers have been issued to more than 450 million people ( SSA.gov). With the Act’s passage, the Social Security Administration (SSA) needed an efficient means to track each citizen’s earning records over a lifetime and the social security number was born. The program is funded through Social Security taxes paid by employees and their employers and is available to individuals once they retire or otherwise become eligible. Today’s blog explores the history and significance of the social security number and how the SSN is used in the background screening industry.Ī brief history of the Social Security NumberįDR’s passage of the Social Security Act of 1935 provided millions of Americans with a new financial safety net in the form of old age, disability, and survivor’s insurance, as well as supplemental security income for the elderly and disabled. However, even though you likely know your social by heart, you probably don’t know what those nine digits actually reveal. It follows you from birth to death and can act as a key to a variety of sensitive information – bank accounts, tax returns, driver’s license information, residences, etc. For the average American, the Social Security Number holds special significance. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |