What is the primary purpose of the Social Security Administration?

The primary purpose of the Social Security Administration (SSA) is to administer social insurance programs for retirees and the disabled. Established in 1935, the SSA plays a crucial role in providing financial support to eligible individuals who have contributed to the Social Security system through their work. This includes retirement benefits for individuals who have reached a certain age and disability benefits for those who are unable to work due to a qualifying disability.

While the SSA may oversee processes related to taxes as they relate to Social Security contributions, its main focus is not on regulating federal income taxes. The organization does not provide financial loans to small businesses or manage healthcare benefits, which are functions typically associated with other governmental agencies. Thus, the core mission of the SSA is centered around supporting individuals through social insurance programs, ensuring that those who have contributed to the system can receive benefits during retirement or if they become disabled.