Social Security

January 31st, 1940, Ida May Fuller received the first Social Security check from the United States government. Since then, the social welfare program that began as part of FDR’s New Deal has grown to be the largest in the United States. In 2014, more the 59 million people received close to $848.5 billion in benefits from the program The SSA estimates that the benefits equate the approximately 40% of the earnings of the recipients. While Social Security does not completely cover living costs of…

a tremendous impact on their future lives. Social Security has been around for quite a long time; in fact, this summer will be the eightieth anniversary of President Roosevelt signing it into law. In 1935, Social Security was heralded as a social insurance program that would provide economic security and stability to American citizens. Over time, it has become something that is “just there”, and many people take it for granted. However, Social Security is important, and in its eighty-year…

Americans rely on some sort of income whether it’s to pay for services or to purchase necessities. The social security administration also was known as the social security board was created by Franklin D. Roosevelt when he signed the Social Security Act on August, 14, 1935 (SSA). Over the years there has been many heated debates on whether Social Security should be privatized. Many people believe Social Security should be privatized, counter arguments are being made that if the program became…

the society security system is regarded as the achievement of modern society and history of social security is relatively short. Dating back to the origin of the social security system, German people first had it in 1883. For quite a long period, social insurance issues especially social security has been one of the most important issues of policymakers and governments. What’s more, social security is a heated topic in the report of newspaper and academic magazine, which discussed social and…

Social Security: the effects of the Aging American population The Social Security system was enacted in 1935 in response to the Great Depression when millions of Americans were affected by unemployment and poverty. In 1880, the populations of farm and nonfarm workers were about equally balanced, but by 1930, workers in farm occupations accounted for only 21 percent of the workforce. Industrialization created a social problem as Americans became more dependent on wage income and less on family…

Economic issues are a social problem that has been around for centuries. Each country in each part of the world learned to deal with this problem differently. Some citizens have learned to deal with this problem or they have let the government handle it. If this problem is handled incorrectly, worse economic issues can arise such as extreme famine or inflation. Post World War II, most of the countries involved faced economic dilemma that hindered the growth of the economy. The United States was…

are contributing too. In this case, the system is known as the Social Security System. The Social Security System is a foundation that ensure the nation security to billions of people- disabled person, Retired families, and deceased worker in the nation. About several million people pay Social Security taxes while other collect monthly benefits such as income tax. The way it works implies that the worker pays into the Social Security program and eventually money flows back as monthly benefits.…

The Social Security Act of 1935, written by President Franklin Roosevelt, was meant to establish an old age pension system. It is funded by taxes on individuals’ wages and employers’ payroll. The Act also provided funds to unemployed Americans as well as services for the promotion of the health of children and their mothers chiefly in area in severe economic distress. It was established when Roosevelt realized that American citizens who were no longer able to take care of themselves had nothing…

Social Security is one of very few domestic programs that have been both federally created and federally funded and are administered exclusively from Washington. It is a rare case of highly successful public policy that has been both popular and effective since its inception in 1935. Its main function is to pay cash benefits to those who have reached retirement age or suffered the death of a spouse and mainly seeks to provide an essential financial safety net beneath private savings. While…

Social Security is a government system that provides assistance to people with low income or no income, it is a federal insurance program that provides for people that are retired, disabled, and independents. Over 220,000 people signed up for the Social Security within the first two years of it being created. In the beginning, the money was only to pay the family's primary worker, the main effect it had was to provide a safety net for family's money and retirement. The Social Security Act was…