Your Social Security Card is Insecure
CGP Grey・8 minutes read
Americans do not have a national ID card, relying instead on Social Security numbers for identification, which were initially created for tracking pension contributions during the Great Depression. Although widely used, Social Security numbers lack security features, making them vulnerable to fraud and not universally applicable.
Insights
- The Social Security card and number act as an informal national ID system in the absence of an official one, being widely used for identification purposes despite lacking robust security features.
- The evolution of Social Security numbers from tracking contributions in a pension scheme to becoming a standard form of identification from birth highlights the adaptability of the system to address practical needs, such as efficient tax tracking and benefits distribution, despite inherent vulnerabilities to fraud due to their predictable nature.
Get key ideas from YouTube videos. It’s free
Recent questions
Why do Americans lack a national ID card?
Due to political controversy.
What was the purpose of the Social Security program during the Great Depression?
Established as a pension scheme.
How did Social Security numbers evolve over time in the United States?
Initially issued to working adults, later standard from birth.
Why did the US Tax Department utilize Social Security numbers?
To track taxes efficiently.
What makes Social Security numbers vulnerable to fraud?
Lack of self-checking security feature.
Related videos
Vox
Is the US running out of Social Security?
FRONTLINE PBS | Official
The Retirement Gamble (full documentary) | FRONTLINE
How Money Works
Can We Afford For Everybody To Be Financially Responsible?
FRONTLINE PBS | Official
The Secret History of the Credit Card (full documentary) | FRONTLINE
Vox
What your credit score actually means