What does OASDI stand for?

OASDI stands for Old Age Survivors and Disability Insurance. This program is a crucial part of the Social Security system in the United States, providing financial support to retirees, survivors of deceased workers, and individuals who are disabled and unable to work. The accurate terminology reflects the scope of the program: it covers old age benefits for retirees, survivor benefits for the families of deceased workers, and disability insurance for individuals who face long-term disabilities.

The other choices incorporate terms like "Income" and "Severance," which do not accurately represent the official title or functions of the OASDI program. "Income" suggests a broader financial support concept, while "Severance" incorrectly implies a relation to severing employment rather than providing ongoing support through Social Security. Hence, the term "Insurance" correctly underscores the program's purpose of providing varied benefits based on eligibility and need related to age, disability, or loss of a family wage earner.