Social+Security+Act

=Social Security Act=


 * Description**: The federal government provided financial support for most retired workers (ages 65 and older)


 * Depression Impact:**
 * 1% Social Security tax on United States employees' wages (1/2 paid by employer)
 * Provided up to $15/month aid to the the elderly poor
 * Provided aid to disabled, mothers, and unemployed


 * Impact on Contemporary Society:**
 * Late 1990's - workers and employers paid tax of approximately 12%
 * 1995 - Maximum $1200/month for retiree

posted by: Geoff Lapp

[|Social Security Online]

[|The Social Security Debate]  [|Social Security in the News]