April 16, 2010, Newsletter Issue #115: The History of Social Security
Tip of the Week
The history of Social Security begins in the latter days of the Great Depression. Universal guaranteed retirement money for all; the Social Security Act of 1935 offered an attractive promise to Americans struggling to make it through the Great Depression. No wonder it met with political success. The government pledged that if workers paid a Social Security tax on all of their wages, they would be supported in their old age.
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