Social security act 1935

ITS YOUR MONEY USE IT WHEN YOU WANT IT!

Definition

A safety net for unemployed and the ederly
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Facts

  • Was founded in 1935
  • The purpose of this act was for people to have an income once they have retiered
  • Drafted by FDR in his first term of presidency
  • The Act provided benefits to retirees and the unemployed
  • Money the retirees are getting is from current tax payers