The term Social Security number (SSN) refers to a numerical identifier assigned to U.S. citizens and other residents to track income and determine benefits. The SSN was created in 1935 as part of The New Deal to provide for retirement and disability benefits. Although the original intention was to track earnings and provide benefits, it is now used for additional purposes, such as identifying individuals for tax purposes and tracking credit reports.
Individuals in the U.S. are asked to provide their SSN to obtain credit, open bank accounts, obtain government benefits, and make major purchases, among many other pursuits.
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