All time low biography official social security
All time low biography official social security
All-time low lyrics.
History of Social Security in the United States
A limited form of the Social Security program began as a measure to implement "social insurance" during the Great Depression of the 1930s, when poverty rates among senior citizens exceeded 50 percent.[2]
The Social Security Act was enacted August 14, 1935 (89 years ago) (1935-08-14).
The Act was drafted during President Franklin D. Roosevelt's first term by the President's Committee on Economic Security, under Frances Perkins, and passed by Congress as part of the New Deal. The Act was an attempt to limit what were seen as dangers in the modern American life, including old age, poverty, unemployment, and the burdens of widows and fatherless children.
By signing this Act on August 14, 1935, President Roosevelt became the first president to advocate federal assistance for the elderly.[3]
The Act provided benefits to retirees and the unemployed, and a lump-sum benefit at death.
Payments to current