Social Security Act
Started by President Roosevelt, 70 years and counting.
Social Security Act Effects
- To provide assistance for U.S. citizens to maintain their health and quality of living.
- The government branch takes money from working people and holds it until that person needs it. Like a government retirement-insurence plan, this plan gives those receiving social security continued independence and income. Helps families and society to be less burdened with the needs of the elderly who cannot work.
- For the first five years, there were no monthly benefits even though people were paying the tax. The original act has expanded. Yes, for those receiving benefits.
- It was located in Congress. Signed into law in the White House Cabinet Room.
Social Security Act Signing
President Roosevelt signed the Social Security Act into effect on August 14th 1935. Twenty members of Congress were in attendance.
Social Security Act Card
The individual nine digit number is used to track peoples accounts within the Social Security program.
Social Security Act Graph
This graph shows the increase of people dependent on the Social Security Act over the years.