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Social Security has stood the test of time — and it’s still vital

  • President Roosevelt signed the Social Security Act on August 14, 1935, as part of the New Deal programs.
  • Roosevelt envisioned Social Security to protect vulnerable Americans and provide income for older adults.
  • Social Security now supports about 71.6 million people through monthly payments funded by payroll taxes.
  • Some, like Elon Musk, have criticized the program; Musk called Social Security the 'world's biggest Ponzi scheme'.
  • Despite criticisms and proposed changes, Social Security remains a consistently favored and essential federal program.
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  • 57% of the sources are Center
57% Center
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yourcapitalminds.com broke the news in on Tuesday, April 15, 2025.
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