The Act created a new federal agency (the Social Security Board) to ensure that American workers would continue to have income after retirement.
There was nothing about it being a supplement. I don’t know where this all started from, but that’s not what it was intended for.
I noticed on this board that a lot of people here had /have good-paying jobs. So it’s really easy for them to say, Well, they should have done this and done that. Most people don’t make what the people on FR make.
The purpose of Social Security wasn’t to supplement income. It. was to be the source of income for retired people. I don’t know who made that up; it was a supplement. But somebody did, and they went with it.
ALL the persons on various FOOD supplemental $$$$$$$$ got an increase of 12.6% on Oct first.
When it was instituted people could subsist on $20.00 a month too, not live high but subsist. Normal people who lived through the depression without regular jobs were plentiful they were poor through no fault of their own, so they were used to that. People born on third base and think they hit a triple disgust me. Anyone remember what a soldier was paid in WW II? In 1944, privates serving in World War II made $50 a month. E-1 wages were not increased between 1952 and 1958, so Korean War and Vietnam War troops made the same amount of money at the lower ranks -- except inflation over the years drove the real value of the wages down. New soldiers pocketing $78 would have a salary that equates to 642.71 now, while those with over four months of service who pocketed $83.20 were receiving the equivalent of $685.56 in today's dollars.
When