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Social Security: A Brief History
Beginning of essay
In the postwar era of the United States, during a time of economic downfall, set in the 'Great Depression', most Americans throughout the United States were struggling to get jobs, raise their children, and even put food on their own table. Bread lines were forming, America was truly facing diffic ....
Middle of essay
....uild up the Trust Funds and to provide a minimum period for participation in order to qualify for monthly benefits. The earliest reported applicant for a lump-sum benefit 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. Ackerman's pay for Social Security, and, upon retiring, he received a lump-sum payment of 17 cents. The average payment during th.... |
| Number of words: 1006 |
Approximate pages: 4 |
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