Social Security History: 8 Pivotal Dates for America's Most Important Program
As of September, more than 61 million Americans were receiving a monthly stipend from Social Security -- and more than 66 million if we include those receiving funds from the Social Security Supplemental Income program. For many of these folks, Social Security isn't just added income -- it's a way of life. More than 3 out of 5 elderly seniors counts on their monthly benefit to provide at least half of their income, while a majority of working Americans (90% or more) are covered, to some degree, by Social Security's disability and/or survivors insurance. In many respects, it's America's most important social program.
Most people have no clue about how Social Security came to be such an important puzzle piece for seniors and working Americans. Today, we'll look at the eight most pivotal dates in Social Security's history that helped shape some of the key features you're familiar with today.
Image source: Getty Images.
Source: Fool.com
