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Flashcards on Social Security Act
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When was the Social Security Act passed?
1935
What was the main purpose of the Social Security Act?
To provide financial assistance and support to elderly, disabled, and unemployed individuals
Who signed the Social Security Act into law?
President Franklin D. Roosevelt
What program was established by the Social Security Act to provide retirement benefits?
Social Security Retirement Insurance
Which group of individuals was initially excluded from receiving Social Security benefits?
Agricultural and domestic workers
How is Social Security funded?
Through payroll taxes and contributions
What is the purpose of Social Security Disability Insurance (SSDI)?
To provide income support to individuals with disabilities
What is the retirement age to receive full Social Security benefits?
Currently 67 years old
What is the purpose of Social Security Survivor Benefits?
To provide financial assistance to the dependents of deceased individuals who contributed to Social Security
What types of benefits are provided by the Social Security Act?
Retirement, disability, survivor, and Medicare
True or False: The Social Security Act is still in effect today.
True
Which branch of the government administers the Social Security Act?
The Social Security Administration (SSA)
What is the Supplemental Security Income (SSI) program?
A program that provides financial assistance to low-income individuals with disabilities or over the age of 65
What role did the Great Depression play in the creation of the Social Security Act?
The economic hardships of the Great Depression led to public support for social welfare programs like Social Security
What are some criticisms of the Social Security Act?
Limited coverage for certain groups, sustainability concerns, and dependency on government funding
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Test Your Knowledge
When was the Social Security Act passed?
1925
2005
1935
1950
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What program was established by the Social Security Act to provide retirement benefits?
Medicaid
Social Security Retirement Insurance
Supplemental Security Income
Medicare
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Who signed the Social Security Act into law?
President Herbert Hoover
President Franklin D. Roosevelt
President Harry S. Truman
President Dwight D. Eisenhower
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What is the purpose of Social Security Disability Insurance (SSDI)?
To provide income support to individuals with disabilities
To provide retirement benefits to elderly individuals
To provide financial assistance to low-income individuals
To provide healthcare coverage to individuals
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What is the retirement age to receive full Social Security benefits?
60 years old
65 years old
67 years old
70 years old
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What is the purpose of Social Security Survivor Benefits?
To provide healthcare coverage to individuals
To provide financial assistance to the dependents of deceased individuals who contributed to Social Security
To provide income support to individuals with disabilities
To provide retirement benefits to elderly individuals
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True or False: The Social Security Act is still in effect today.
True
False
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Which branch of the government administers the Social Security Act?
Department of Education
Social Security Administration (SSA)
Department of Defense
Department of Health and Human Services
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What is the Supplemental Security Income (SSI) program?
A program that provides financial assistance to low-income individuals with disabilities
A program that provides financial assistance to low-income individuals with disabilities or over the age of 65
A program that provides healthcare coverage to individuals
A program that provides retirement benefits to elderly individuals
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What role did the Great Depression play in the creation of the Social Security Act?
It had no impact on the creation of the Social Security Act
The economic hardships of the Great Depression led to public support for social welfare programs like Social Security
The Great Depression delayed the creation of the Social Security Act
The Great Depression reduced the funding available for the Social Security Act
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