Social Security Act Of 1935: Policy Analysis
Policy Analysis
Akeya Hurt
February 23, 2015
Mrs. Duncan
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Abstract
This policy analysis is based on the Social Security Act of 1935. This analysis will help you explore the difficulties of the American people prior to the Social security act of 1935 and the also the later years. This analysis will explain the importance of the Social Security Policy for population and how the policy will continue to have an effect on the society. The Social Security Act was initially put in place for people suffering from unemployment. Now, the social security act of 1935 regulates the provision of benefits to people to meet basic life needs, such as employment, income, food, housing, and healthcare.
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Historical Background …show more content…
By the end of World War I, The American society had become primarily urban and industrialized. A large portion of the American people was dependent on cash wages for their support than ever before. By the mid 1930’s, the lifetime savings of millions of people had been whipped out. By 1932, unemployment had reached thirty-four percent of the nonagricultural work forces and national income was dropped forty-three percent. The vast numbers of people and people nearing old age, the loss of their savings brought with it the prospect of living their remaining years in destitution. At the height of the depression, many people were flat out broke. The poor houses and other relief agencies that existed at the time to assist people who had fallen on hard times were financed mainly from charity and local …show more content…
In 1939, Social Security was modified to add benefits to the spouse or minor children of a retired worker. It also added a survivor’s benefit, paid to the family in the event of the premature death of a covered worker. With the 1939 amendment, the idea of economic security became a family-based program rather than an individual-based one. The next significant change to the SSA occurred in 1950, when the first cost of living adjustment (COLA) was added to the program. This was a one-time increase in benefits of 7.7%; the next COLA occurred in 1952, a 12.5% increase. In 1954, a stipulation was added that would freeze a worker’s record during the years he was disabled and unable to work. This amendment avoided a worker’s receiving reduced or no benefits in the event of a
Akeya Hurt
February 23, 2015
Mrs. Duncan
\
Abstract
This policy analysis is based on the Social Security Act of 1935. This analysis will help you explore the difficulties of the American people prior to the Social security act of 1935 and the also the later years. This analysis will explain the importance of the Social Security Policy for population and how the policy will continue to have an effect on the society. The Social Security Act was initially put in place for people suffering from unemployment. Now, the social security act of 1935 regulates the provision of benefits to people to meet basic life needs, such as employment, income, food, housing, and healthcare.
\
Historical Background …show more content…
By the end of World War I, The American society had become primarily urban and industrialized. A large portion of the American people was dependent on cash wages for their support than ever before. By the mid 1930’s, the lifetime savings of millions of people had been whipped out. By 1932, unemployment had reached thirty-four percent of the nonagricultural work forces and national income was dropped forty-three percent. The vast numbers of people and people nearing old age, the loss of their savings brought with it the prospect of living their remaining years in destitution. At the height of the depression, many people were flat out broke. The poor houses and other relief agencies that existed at the time to assist people who had fallen on hard times were financed mainly from charity and local …show more content…
In 1939, Social Security was modified to add benefits to the spouse or minor children of a retired worker. It also added a survivor’s benefit, paid to the family in the event of the premature death of a covered worker. With the 1939 amendment, the idea of economic security became a family-based program rather than an individual-based one. The next significant change to the SSA occurred in 1950, when the first cost of living adjustment (COLA) was added to the program. This was a one-time increase in benefits of 7.7%; the next COLA occurred in 1952, a 12.5% increase. In 1954, a stipulation was added that would freeze a worker’s record during the years he was disabled and unable to work. This amendment avoided a worker’s receiving reduced or no benefits in the event of a