Social Security Act

Don't be afraid old hags SSA is here to save the day!

When was the SSA created?

The Social Security Act was entacted August 14 1935.

Main Purpose of the SSA.......

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.

Facts About Social Security

1. As of June 30, 2011, 55 million people were recieving monthly SS benefits.

2. Social Security and Medicare payroll taxes are sometimes called FICA taxes or SECA taxes.

3. To qualify for old age benefits a person must work for 10 years while earing at least $4,250 a year.

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