Sunday, August 14 — Preserving Social Security is a continuing concern in an increasingly aging America. The demographic profile was different on this date in 1935, when the program was signed into law by President Roosevelt. The program aimed to provide security to retired workers over 65, most of whom had no pension, and life expectancy at birth was just 58 years for men and 62 for women. The first monthly check under the system was for $22.54, issued in January 1940. Now, there are 40 million retired workers receiving Social Security benefits averaging about $1,340 a month. Current life expectancy at birth is roughly 77 years for males and nearly 82 years for females.
You can find more facts about America from the U.S. Census Bureau online.
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