U.S. Census Bureau Daily Feature for August 14: Social Security Enacted

WASHINGTON, Aug. 14, 2016 /PRNewswire-USNewswire/ -- Following is the daily "Profile America" feature from the U.S. Census Bureau:

SOCIAL SECURITY ENACTED

Profile America — Sunday, August 14th. 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 at www.census.gov.

Sources:
Enactment/accessed 5/16/2016: http://www.ssa.gov/history/tally.html 
Life expectancy in 1935/accessed 5/16/2016: http://www.socialsecurity.gov/history/lifeexpect.html 
First Social Security check: http://www.socialsecurity.gov/history/imf.html 
Current beneficiaries and benefits/accessed 5/16/2016:  http://www.socialsecurity.gov/OACT/FACTS/index.html 
Life expectancy 2015: http://www.census.gov/population/projections/files/summary/NP2012-T10.xls

Profile America is produced by the Center for New Media and Promotion of the U.S. Census Bureau. Statistics and accounts drawn from cited non-Census sources are employed for illustrative or narrative purposes, and are not attested to by the U.S. Census Bureau. These daily features are available as produced segments, ready to air, on the Internet at http://www.census.gov (look for "Audio" in the "Library" pull-down menu). 

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SOURCE U.S. Census Bureau

Related Links

http://www.census.gov

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