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Evolution of Social Security: Key Amendments and Their Impact (1939-2004)

This article explores the significant amendments to the Social Security Act (SSA) from its inception in 1939 through various key changes up to 2004. It highlights the inclusion of women and survivors in 1939, the addition of disability benefits in 1956, the adjustment of retirement ages and benefits, and the inclusion of Medicare in 1965. With financial insights and historical context, this overview provides a comprehensive understanding of how these amendments shaped social security in the United States.

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Evolution of Social Security: Key Amendments and Their Impact (1939-2004)

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  1. SSA By Jessie Byrnes

  2. SSA • Define • Aug. 14 • Financing • Helped • OASD • Successful • Still Around

  3. Amendments • 1939—Women and survivors • 1956—Added disability and women to retire at 62 (-25% benefits) • 1961—Men’s retirement age changed to 62 • 1965—Medicare added • 1977—Take off

  4. EXAMPLES • 2004--$500 billion • 20.9% • 40%

  5. SSA

  6. S S A

  7. Sources • http://www.answers.com/topic/social-security-act • http://www.u-s-history.com/pages/h1609.html • http://en.wikipedia.org/wiki/Social_Security_Act#Creation:_The_Social_Security_Act • http://en.wikipedia.org/wiki/Social_Security_(United_States)#Amendments_of_the_1970s • http://www.pbs.org/newshour/health/medicare/tph.html

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