from day 27/06/2012

Demystifying Social Security: Up Close and Very Personal!

The Social Security Act was passed in 1935 as a safety net for senior citizens. At the time, during the Great Depression, the poverty rate of senior citizens exceeded 50 percent. Since then, it has been amended to encompass several social welfare and social insurance programs, such as Medicare and Medicaid. These programs cover workers in situations of retirement, disability, and death.

Continue Reading