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It helped the nation pull itself back onto its feet after the devastating effects of the Great Depression, which was one main motivation for this program. During that time, the nation's desperate financial state and economic changes were due to the Depression's skyrocketing inflation rates and towering unemployment status...
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The proposal to provide a program for Social Security seemed to be the lifeboat that the hardworking citizens dreamt of.
Although it was extremely costly for the program's initiation, it has proven to be well worth the investment, becoming an indispensable component of modern life. More than 90% of all workers are in jobs covered by Social Security and 1 in 7 Americans obtains some kind of Social Security benefit...
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