Social Security

Social Security - 3/24/11 SocialSecurity...

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3/24/11 Social Security Ben Alexander  Terra Collette  Natalia  Martinez  Eric Schneck
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Click to edit Master subtitle style 3/24/11 What is social security?
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3/24/11 How it Works Self-financed Like and unlike a bank savings account Funds circulation (in and out)
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3/24/11 Contributors Employees Employers Self-Employed
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Click to edit Master subtitle style 3/24/11 History How the social security program was  started
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3/24/11 Social Security Act The Great Depression of the 1930’s Poverty rates among senior citizens exceeded 50% Needed to provide relief for the unemployed and poor Social Security Act - 1935 Part of the New Deal Provide benefits to retirees and unemployed and lump-sum  benefit at death Encourage older workers to retire, creating jobs for younger  people
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3/24/11 Implementation In 1937, first payroll taxes  collected on workers’ wages and 
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Social Security - 3/24/11 SocialSecurity...

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