aug 14, 1935 - Social Security Act
Description:
The Social Security Act was signed by President Franklin D. Roosevelt. It was created as a federal safety net for elderly, disadvantaged, and unemployed Americans. The Act was to pay benefits to retirees over 65 based on their lifetime payroll tax. Many people have received assistance from this act, and it has been a political hot topic for many years.Added to timeline:
Date:
aug 14, 1935
Now
~ 90 years ago