On Aug. 14, 1935, President Franklin D. Roosevelt signed the Social Security Act into law, ensuring income for elderly Americans and creating a federal unemployment insurance program.
The Social Security Act was the most important domestic legislation signed into law by FDR.
As of February 2024, approximately 67 million people, or about 1 in 5 US residents, received Social Security benefits. This includes retirees and their families, as well as people who receive Social Security Disability Insurance (SSDI) or are young survivors of deceased workers.
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