Critical Thinking 23-2 #3

Why might the Social Security Act be considered the most important achievement of the New Deal?

The Social Security Act was the most important program because it provided substantial benefits to millions of Americans. The act had three of helping these Americans. The first was to provide old-age insurance for retirees who were 65 of older and for their spouses as well. This insurance was used as a retirement plan. Half the funds were paid by workers and the other half from employers.
The second major part of the SSA was the Unemployment Compensation System. This was funded by a federal tax on employers. administered at state level, the initial payments ranged from $15 to $18 per week. The final part of the SSA was to aid families with dependent children and the disabled. This was made available to the states and paid for by federal funds.