On this day in 1935, President Franklin D. Roosevelt signed the nation’s first major social insurance program into law. In the 88 years since then, Social Security has provided bedrock financial security for generations of retirees, people with disabilities, and their families.
In 1940, the year the first Social Security checks were issued, there were 220,000 beneficiaries. Today, that number has grown to nearly 67 million. The program has also been amended several times to widen the umbrella of protection from what FDR…
This article was originally published by Marketwatch.com. Read the original article here.
