The roots of social security

In the 1930s, the United states was going through the Great Depression. It was a rough time for people financially. President Franklin D. Roosevelt is often remembered for bringing America out of the Depression with his New Deal policies. He decided to create a program that would encourage older workers to retire because they would receive money from the government (which came from taxes). The retired workers would open up more job opportunities to increase employment.

FDR received some criticism, but a lot of praise for his New Deal policies. Many people remember him as the president that got America out of the Depression. For the people who lived through that era, he was their hero, and social security was their financial salvation.

For young people today, it is not such a good thing anymore. Generation y will suffer from social security rather than benefit if something isn't done soon. To understand why this is a problem, click here.