As we mark the 89th anniversary of Social Security, it’s a good time to reflect on its profound impact on American society since its creation in 1935. Signed into law during the Great Depression, Social Security emerged as a foundation of hope and stability for millions of Americans facing economic uncertainty. Today, over 65 million Americans receive the money they've earned over a lifetime of hard work.
In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great Depression further exposed society's vulnerabilities, with millions of older Americans in poverty and many more at risk of financial ruin. In response, the Social Security Act was signed into law to better ensure a measure of income security for older Americans in retirement.
AARP Vermont will host a conversation with Representative Becca Balint for a TeleTown Hall at 4:00 p.m. on June 18. We will discuss several issues including Social Security, caregiver support, broadband expansion, housing, and more. Representative Balint will take your questions live to learn more about what’s on the minds of older Vermonters.
Vermont has a historic opportunity to expand access to affordable, reliable, high-speed internet to everyone in the state, no matter where they live or their circumstances.
For most of us, Social Security is – or will be -- essential for helping to cover daily living expenses and pay bills as we get older. The bottom line is that Social Security is your money, earned through a lifetime of hard work. Yet there are persistent misconceptions about its long-term financial stability and how it works. Here are facts behind five of the most stubborn Social Security myths.