Social Security

Social Security - U.S. Social Security is a social insurance program funded through dedicated payroll taxes called Federal Insurance Contributions Act (FICA). Social Security is a mandated supplemental retirement system in the US that was established in 1935 as part of Roosevelt's New Deal. It was motivated largely by the events of the Great Depression, which saw many Americans out of work and the nation's retired elderly often left in the direst of poverty. The intent of the Social Security program is to ensure a threshold subsistence level below which any worker who had paid into the program cannot fall.