Summary: The Social Security Administration

The impact of all of these options are huge because they affect every American. The options provided here are the 6 biggest options when it comes to Social Security. Now that everyone knows what might happen, lets talk more about the when. In 2010, the amount of money coming in was to small to pay back to people. Interest from the trust bonds was collected to help aid in maintaining full benefits. As a temporary solution, shaving the interest off the bonds would have been a great fix, but the original problem still exists. Nothing has been done to balance the money in to money out ratio. Unless Congress makes some big calls, in 2020, the SSA will be forced to sell their bonds. With the interest already being collected, and now the bonds being sold, the amount of money earning interest would severely drop.

The Social Security Administration (SSA) is a U.S. government office made in 1935 by President Franklin D. Roosevelt, the SSA directs the social protection programs in the United States. The organization covers an extensive variety of standardized savings administrations, for example, inability, retirement and survivors' advantages. Already working under the Department of Health and Human Services, the SSA has worked as a completely free organization since

Franklin D. Roosevelt created the SSA on August 14, 1935. Its headquarters is located in Woodlawn, Maryland. As noted on the SSA web site, the Social Security Administration (SSA) is led by a Commissioner and employees about 60,000 individuals. In addition to its headquarters, the SSA has a widespread field organization to provide services at the local level, including 10 regional offices, six processing centers, and approximately 1,230 field offices. (Organizational Structure of the Social Security Administration, n.d.). The current CEO/ acting commissioner is Nancy Berryhill and her role is to oversee all SSA programs.

The Social Security Act of 1935 signed by former president Franklin D Roosevelt created many programs that some today created the foundation for the governments role in old age insurance, income security, AFDC program and income security. AFDC program is todays TANF program. The Social Security Act formulated two categories contributory and noncontributory welfare. Social security was for the working Americans that committed a percentage of their wages from

President Franklin D. Roosevelt created the countries first Social Security program in 1935 as a part of his New Deal Program. The United States was in the midst of the Great Depression and due to the stock market crash of 1929 and bank failures, many American’s retirement savings accounts were destroyed. As a result, the poverty rates among the elderly in the country were exceeding fifty percent (Achenbaum). In creating the countries first Social Security program, President Roosevelt was the first president to advocate federal assistance for the elderly, disabled, widowed, fatherless children (later changed to included motherless children,) and unemployed (Kessler-Harris).

On August 14, 1935 in Austin, Texas, President Franklin D. Roosevelt inked his signature on the Social Security Act. It was originally implemented to resolve problems with unemployment, old age insurance, and public health and welfare. The Great Depression was the catalyst for the creation of the Social Security program, and the basic structure was very similar to Germany’s social insurance programs from the 1880s. Today, social security is mostly used for retired senior citizens starting at the age of 62. At 62, American citizens can begin to collect, but will only receive 35% of their monthly benefit due, rather than the maximum amount of 50% when they reach the full retirement age of 66. (cite) In addition, social security is dispersed to about 14 million disabled people under the age of 62, who can no longer work in the labor force for various reasons. The people who qualify as disabled are just a small percentage of those collecting compared to senior citizens, and are often not mentioned when social security issues are brought up because of their minute effects on social security distribution.

The Social Security Administration has several functions, the main one being to provide financial assistant to patients with a disability that will be unable to work for a period of twelve months or more. This requirement is usually met by individuals who have been diagnosed with prostate cancer.

The social security act was created by President Franklin D. Roosevelt so that he could put in place provisions in order to help the elderly. The social security act a document that helps impoverished citizens, such as the elderly and physically impaired receive benefits after retirement. Citizens’ in America during the great depression where expected to work weather elderly or physically disabled. These citizens weren’t afforded the financial stability to retire so work was a necessity to acquire money. “Prior to social security, the elderly routinely faced the prospect of poverty upon retirement” (U.S SSA). This effect of the great depression led to a lot death and homes turning into singled parent homes with no income. “The widespread

In the midst of the worst financial crisis in modern history, President Franklin Delano Roosevelt signed the Social Security Act in August of 1935 to combat high unemployment and poverty, especially among the elderly. In the process, he laid the foundation for a modern safety net. The act has been amended over the years and consists of several welfare and social insurance programs including the State Children’s Health Insurance Program (SCHIP), Temporary Assistance for Needy Families (TANF), Supplemental Security Income (SSI), among other medical assistance programs.

The Social Security Act was the second New Deal Program created in 1935. The Social Security Act helped Americans during a terrible crisis. This program dealt with unemployment benefits and retired Americans incomes payments. A portion of the program helped the handicapped and the disabled Americans to adjust their incomes. The Social Security Act was counted as the greatest righteous success in the century. President Roosevelt signed original Social Security Act. The Social Security was brought about to limit the damage that the Great Depression did. The Great Depression was the world's worst nightmare the economy had to ever experience. The Social

While not all who are disabled qualify for Social Security Administration (SSA) programs –which require documentation of an inability or excessive limitation to one’s capacity to work due to disability –use of SSA programs can make a difference for many who otherwise would face poverty. Unfortunately, many individuals and their family members are unaware of the programs or face fear, shame, or embarrassment at being “in need.” Moreover, the application process is long and can be mentally and emotionally taxing; requiring one to step away from an emphasis on strengths and skills in order to focus on deficits and incapacity. Fear is also often based on misinformation. Having accurate information about the impact of earnings on Social Security

The Social Security Act of 1935, signed by Franklin D. Roosevelt, created a program that included social insurance programs, as well as public assistance. Both programs came about due to the depression and were created as part of the New Deal to benefit the citizens who needed assistance. While both programs were created to assist the public, each program had different eligibility requirements and accomplished different tasks.

Social security in the United States is a federal system run by the Social Security Administration to provide monetary benefits, or welfare, to citizens who are retired, unemployed, or disabled. In 1935, President Franklin D. Roosevelt enacted the Social Security Act which limited the dangers of old age, unemployment, disability, and families with dependent children within the United States during the great depression. In order to obtain the funds paid out to current social security recipients payroll taxes called Federal Insurance Contributions Act (FICA) and the Self-Employment Contributions Act (SECA) taxes are collected from the earnings of current workers.1 FICA and SECA

Franklin D. Roosevelt signed the original Social Security Act. It comprised of two services: a Social Security retirement benefit that applied only to workers, and a welfare program for the elderly called Old Age Assistance. Social

     Social Security is a public program designed to provide income and services to individuals in the event of retirement, sickness, disability, death, or unemployment. In the United States, the word social security refers to the programs established in 1935 under the Social Security Act. Societies throughout history have devised ways to support people who cannot support themselves. In 1937 the government began issuing Social Security identification cards to all citizens. Each card had a unique number that the government used to keep track of a person’s earnings and the taxes collected from those earnings that went to finance Social Security benefits. The Social Security Act is an act in which