Monthly Social Security payments began soon after the act was put into place, and amendments soon followed.
Category: Social Security 101
The History of Social Security Part 4: Social Security Numbers and Trust Funds
Our dive into the history of Social Security continues with a look at Social Security numbers and the first trust fund for the program.
Increase to the Full Retirement Age ‘Just a Benefit Cut’
Seniors could see an increase to the full retirement age used to determine Social Security payouts, but this could be a sneaky benefits cut.
The History of Social Security Part 3: The Development of the Social Security Act
The Social Security Act, which was passed in 1935, marked an important step in addressing the problem of economic insecurity.
The History of Social Security Part 2: Company Pensions and the Great Depression
We continue our series on the history of Social Security with a look at the role of company pensions and the Great Depression.