Showing posts with label social security act of 1935. Show all posts
Showing posts with label social security act of 1935. Show all posts

Jan 31, 2012

Social Security's Beginning


"...History is filled with examples of people who achieved fame not because of a major accomplishment, but simply because they were the first to do something. Such is the case of Ida May Fuller, a resident of rural Vermont who became the first beneficiary of a recurring Social Security payment on Jan. 31, 1940..."

Read more at bloomberg.com

Nov 15, 2011

Social Security 101

"...In 1935, Congress passed and President Franklin D. Roosevelt, a Democrat, signed into law the Social Security Act. The program to pay income to retired workers was born out of the devastating effects from the Great Depression. Millions of Americans lost their jobs, savings disappeared, and the many of the elderly were left without money to live on..."

Read more at delawarefirst.org
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