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Social Security Act Pros And Cons

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Social Security Act Pros And Cons
The Social Security Act was established in 1935 by President Franklin D. Roosevelt. It was initially created to fight the unemployment rate. Social security now works as a safety net for retirees, certain disabilities and provides certain death benefits to taxpayers’ dependents. The social contract can be defined as an implied agreement among the members of a society to unite for social benefits. The Social Security Act can be considered our first social contract. The Social Security Act is a guaranteed an income for the unemployed and retirees. President Franklin D. Roosevelt applauded Congress for what he considered to be a “patriotic”
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