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What you probably don’t know about Social Security

Eighty-three years ago, the Social Security Act was signed into law. It was Aug. 14, 1935, and Franklin Delano Roosevelt was in his first term as president.

Social Security is a program that benefits the elderly, as well as disabled individuals, their families, or the families of the deceased. The program has been the source of political and economic tension in the country in recent years, as people count down the days until they can collect Social Security, while also nervously counting the days until the trust funds that hold Social Security’s assets are depleted.

Many younger Americans will tell you they’re not even sure they’ll ever see Social Security when their time comes to retire.

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