Okay, as Americans, we love our country and the freedom we enjoy all(prenominal) day. We work hard all our lives. Some of us devise for the day that we are too old or for another(prenominal) reasons not able to work anyto a greater extent. Some of us expert expect to retire because we feel we have earned the adventure to live peacefully and worry free of income in our ulterior years. Lets face it; were not all independently wealthy. Most of us will depend on hearty Security more than it was originally intended. Neverthe little, we pay for it all our lives and regardless the level in which we need it, we are entitled it.
Social Security working because it speaks to a universal human need. All people passim human history have faced the uncertainties brought on by death, disability and old age. Prior to the turn of the 20th century, the absolute majority of people in the United States lived and worked on farms and economic hostage was provided by the extended family. However, this arrangement changed as America underwent the industrial Revolution. The extended family and the family farm as sources of economic security became less common. Then, the Great Depression triggered a crisis in the nations economic life. It was against this background signal that the Social Security Act emerged.2
Under the 1935 law, monthly benefits were to lucre in 1942.
From 1937 until 1942, Social Security was to pay benefits to retirees in the plaster cast of a single, lump-sum refund payment. The earliest reported applicant for a lump-sum refund was a retired Cleveland motorman named Ernest Ackerman, who retired one day after the Social Security program began. During his one day of participation in the program, a nickel was withheld from Mr. Ackermans pay for Social Security, and, upon retiring, he received...
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