Since Social Security benefits are paid from current contributions,the system is a

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Social Security is a "pay-as-you-go" system, which means that current workers' contributions are used to pay current beneficiaries. There is not a personal account where contributions are held separately for each individual, as in a defined contribution system. It is also not a privatized system, as it is administered by the government rather than private companies. Social Security is often considered underfunded rather than overfunded, due to concerns about the sustainability of the current system.

Since Social Security Benefits Are Paid from Current Contributions,the System