How Social Security Really Works

2 imagenes, 8 preguntas, 1 dato, 4 videos, 1 encuesta sobre How Social Security Really Works en ARTi.

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How social security works

Imágenes

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hank President Roosevelt signed the historic act in August 1935, creating a federal safety net funded by payroll taxes.

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hank The economic devastation of the 1930s left millions of elderly Americans destitute, prompting calls for a federal safety net.

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Fun Facts

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Fun Fact

First tax payment: The very first Social Security tax payment was just 17 cents, paid by a trolley conductor in 1937.

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Quizzes

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Quiz

Which US President signed the bill that added disability insurance to Social Security in 1956?

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Quiz

In what year did US President Franklin D. Roosevelt sign the Social Security Act into law?

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Quiz

What benefits were added to the US Social Security system in 1939, four years after the initial act?

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Quiz

How much was the very first monthly US Social Security retirement check issued to Ida May Fuller?

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Quiz

Who introduced the world's first national retirement pension system in 1889?

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Quiz

Which major economic crisis prompted the creation of the US Social Security system?

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Quiz

What age did Germany originally set as the retirement age in its 1889 pension plan?

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Quiz

Who was the first person to receive a monthly US Social Security retirement benefit check?

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Gossip

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Gossip

Who should fund retirement?

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Videos

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hank The Great Depression sparks US action

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hank In 1935, President Roosevelt signed the Social Security Act, taxing current workers to fund current retirees.

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hank In 1889, German Chancellor Otto von Bismarck created a retirement system to protect citizens from poverty.

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hank First Social Security recipient Ida May Fuller paid only $24.75 but collected $22,888.92 during her retirement.

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