Overview
About the event
In the United States, the Social Security system dates back to 1935 when it was signed into law by then President Franklin Delano Roosevelt.
This system was brought by the federal administration as a response to the financial crisis and subsequent Great Depression of the economy that took place in the US and all over the world in the 1920s.
The US Social Security Act sought to provide care for needy persons, including the elderly, those who are disabled, children who are orphaned or other types of people in need. In 1937, the system began collecting taxes and paying out benefits to those in need.
With more than 65 million people today receiving benefits from US Social Security each year, this more than 75 year old system continues to be a help for many people.
Though the benefits are lower than many other developed nations, it�??s helpful to have some options for those in need.
