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Questions and Answers
What was the main purpose of the Social Security Act of 1935?
What was the main purpose of the Social Security Act of 1935?
- To establish the Department of Labor
- To reduce federal taxation
- To fund public school programs
- To provide financial support for retired Americans (correct)
What does the Social Security Act require working Americans to do?
What does the Social Security Act require working Americans to do?
- Invest in the stock market
- Donate to charity organizations
- Save money in personal retirement accounts
- Pay a portion of each paycheck into a federal social security fund (correct)
Who receives financial support from the Social Security Fund each month?
Who receives financial support from the Social Security Fund each month?
- College students
- Employers
- Elderly, retired Americans (correct)
- Unemployed individuals
Which group of workers was initially not covered by the Social Security Act of 1935?
Which group of workers was initially not covered by the Social Security Act of 1935?
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How has the Social Security Act evolved over time?
How has the Social Security Act evolved over time?
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