Before President Franklin D. Roosevelt signed Social Security into Law on August 14th in 1935, many retired Americans fell into poverty, without a safety net to provide for them in their retirement years.
Thankfully, the deal was struck with Americans 87 years ago – pay into Social Security throughout your working life and you will be guaranteed an income when you choose to retire. The Social Security Program not only provides benefits to retirees, but also to families when a worker dies, retires, or becomes disabled.
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This story is provided by AARP Maine. Visit the AARP Maine page for more news, events, and programs affecting retirement, health care, and more.
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