During the Roosevelt administration, there was a very important piece of legislation passed called the Social Security Act of 1935, which was chosen as the topic of this paper. The Social Security Act was enacted to help older Americans with having adequate retirement incomes so that they would not have to depend on welfare.Years after the act was passed, the right to social security was declared as a human right in 1948.The Social Security Act was the first national program of economic protection for Americans, and it included several provisions. Those provisions included “ADC, UIB, Social Security pensions for older Americans, Aid to the Blind, and Old Age Assistance”. In 1939, the coverage was extended to dependents and survivors. The program
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citizens from future economic disasters. The safety net has been documented as being strained. An estimated 75 million baby boomers were documented as being either retired or close to it, and the payments were found to be outpacing payroll-tax revenues.In the 1920s, the U.S. economy was stratified, and the resources were in the hands of the top third of the population. Some citizens were unable to buy consumer goods, like automobiles. The Great Depression was a collapse of demand. The demand caused corporations to seek to protect their profits. In the attempt to protect those profits, workers were being laid off. The workers being laid off caused a higher decline in consumer demand, because families were not able to purchase goods. Therefore, the economy was not thriving. During the Great Depression, it was identified that the private pensions and veterans’ benefits that existed were inadequate. During the first 3 years of the depression, the federal government had no response to the economic crisis. Laissez faire was a dominate ideology used by the government during the time of the Great Depression. The depression continued to throw families into poverty and economic dependence on the government. Social Security and other additional programs were attempts to hoist American out of the Great …show more content…
Poverty was a social problem addressed by the Social Security Act of 1935. In the United States, poverty has been a contributing factor to various issues like homelessness. “Everyone has the right to a standard of living adequate for the health and well-being of himself and of his family, including food, clothing, housing, and medical care and necessary services”. The right to security in the event of unemployment, sickness, disability, widowhood, and old age were included. With the passage of the Social Security Act, workers were guaranteed basic protections against poverty (Hansen, 2008). The system was designed to guarantee a basic monthly income for eligible workers and their families when needed. Disability and poverty were found to be closely intertwined. People with disabilities often faced many barriers to planning for their financial future. Many people with disabilities have extremely limited savings and assets (Sutcliffe, 2015). The government and other people had theories about the finances of some. Since the government had to create a law allotting money for retirement and insurance, poor financial planning was a
citizens from future economic disasters. The safety net has been documented as being strained. An estimated 75 million baby boomers were documented as being either retired or close to it, and the payments were found to be outpacing payroll-tax revenues.In the 1920s, the U.S. economy was stratified, and the resources were in the hands of the top third of the population. Some citizens were unable to buy consumer goods, like automobiles. The Great Depression was a collapse of demand. The demand caused corporations to seek to protect their profits. In the attempt to protect those profits, workers were being laid off. The workers being laid off caused a higher decline in consumer demand, because families were not able to purchase goods. Therefore, the economy was not thriving. During the Great Depression, it was identified that the private pensions and veterans’ benefits that existed were inadequate. During the first 3 years of the depression, the federal government had no response to the economic crisis. Laissez faire was a dominate ideology used by the government during the time of the Great Depression. The depression continued to throw families into poverty and economic dependence on the government. Social Security and other additional programs were attempts to hoist American out of the Great …show more content…
Poverty was a social problem addressed by the Social Security Act of 1935. In the United States, poverty has been a contributing factor to various issues like homelessness. “Everyone has the right to a standard of living adequate for the health and well-being of himself and of his family, including food, clothing, housing, and medical care and necessary services”. The right to security in the event of unemployment, sickness, disability, widowhood, and old age were included. With the passage of the Social Security Act, workers were guaranteed basic protections against poverty (Hansen, 2008). The system was designed to guarantee a basic monthly income for eligible workers and their families when needed. Disability and poverty were found to be closely intertwined. People with disabilities often faced many barriers to planning for their financial future. Many people with disabilities have extremely limited savings and assets (Sutcliffe, 2015). The government and other people had theories about the finances of some. Since the government had to create a law allotting money for retirement and insurance, poor financial planning was a