Social Security Act
Retirement safety net
The Social Security Act is landmark U.S. legislation from 1935 that established federal programs for retirement benefits, unemployment insurance, and aid to dependent children.
It created the framework for the modern American social safety net, with workers and employers paying into a fund that provides income to retirees: She started receiving Social Security when she turned 65.
- retirement benefitsPost-career compensation entitlements
- old age benefitsFinancial support for seniors
- senior citizensOlder adults, typically retired
- welfare stateGovernment-funded citizen support system
- entitlement programsGuaranteed government benefit systems
government benefits · federal assistance · unemployment insurance · Medicaid · survivor benefits · disability insurance · child welfare services · payroll taxes · payroll deduction · public health programs · pension systems · safety net programs · means testing · food stamps · FICA · tax reforms · fiscal policy · housing assistance
- Federal Lawsfederal laws, congressional acts, acts, Civil Rights Act, Clean Air Act
- U.S. History TermsLouisiana Purchase, New Deal, Missouri Compromise, Great Compromise, Emancipation Proclamation
- welfare historypoor laws, poorhouse, poorhouses, workhouse, workhouses
- legal historylegal history, medieval law, Roman law, Roman jurisprudence, common law
- Federal Lawbankruptcy code, criminal code, tax code, antitrust law, bankruptcy law
- US Taxationincome tax, federal tax, tax rates, tax code, IRS
Social Security Actlaissez-faire economics
Minimal state economic involvement
privatization · rugged individualism · 401(k) plans · self-reliance
Social Security Actwelfare reform
Policy changing public assistance
austerity measures · Reaganomics · supply-side economics · deregulation · right-to-work laws
Social Security Actdestitution
Extreme poverty, lacking necessities
social, security, society, societal, socialize, socialization, socialist, socialism, sociable