Warning (2): include(/var/www/vhosts/vcc_staging/app/Resource/aarp2_master.head.html): failed to open stream: No such file or directory [APP/View/Layouts/aarp_2023.ctp, line 53]Code Context<?php // if (!$nowrapper) (Globals::$language == 'es') ? include(APP . "/Resource/aarpe_global_js_es.html") : include(APP . "/Resource/aarpe_global_js.html"); ?>
<?php if (!$nowrapper): // MLW - Spanish wrappers TBD
include (APP . "Resource/aarp2_master.head.html");
$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">A Journey Through Time: The History of Social Security</h1></header> <div class="posted-on"> Posted on 07/02/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great Depression further exposed society's vulnerabilities, with millions of older Americans in poverty and many more at risk of financial ruin. In response, the Social Security Act was signed into law to better ensure a measure of income security for older Americans in retirement.<br><br>Over the subsequent decades, it has matured into a vital source of guaranteed, inflation-adjusted income for millions of retirees who pay in and earn their Social Security through payroll taxes they and their employers contribute throughout their working lives. Social Security also enjoys widespread support across all ages and demographic groups.<br><br>Today, more than one in five Ohioans receive Social Security. Nearly half of those age 65 or older count on Social Security as their largest source of income, and about 25 percent of households rely on Social Security for 90 percent or more of their income.<br><br>With this many people saying Social Security is important to their retirement security, it is instructive to understand how it was created and how it has evolved over time.<br><br>Here's a timeline of significant events in the history of Social Security.<br></p><ul><li><b>Aug. 14, 1935:</b> President Franklin Roosevelt signed the Social Security Act into law.</li><li><b>Aug. 10, 1939: </b>The program was broadened to include benefits for workers’ dependents and survivors.</li><li><b>October 1950: </b>Congress authorized the first cost-of-living adjustment (COLA), an increase of 77 percent.</li><li><b>September 1960: </b>President Eisenhower signed a law amending the disability rules to permit payment of benefits to disabled workers of any age and their dependents.</li><li><b>June 30, 1961: </b>All workers are now allowed to retire early at age 62, albeit at a reduced Social Security benefit. Previously, benefits could not be claimed until the normal retirement age (NRA) of 65.</li><li><b>Oct. 30, 1972: </b>President Nixon signed the Social Security Amendments making the cost-of-living adjustment automatic each year,</li><li><b>April 20, 1983:</b> President Ronald Reagan signed into law sweeping changes to Social Security aimed at addressing the imminent Social Security funding gap. These included moving up scheduled increases in the payroll taxes that fund Social Security, gradually raising the normal retirement age to 67, and making 50 percent of Social Security benefits taxable for recipients with incomes above $25,000 for an individual and $32,000 for married couples filing jointly.</li><li><b>Aug. 10, 1993:</b> President Bill Clinton signed the Omnibus Budget Reconciliation Act, a large deficit reduction package of tax increases and spending cuts that included a provision raising the share of Social Security benefits subject to income tax from 50 percent to 85 percent for beneficiaries with incomes above $34,000 (single) or $44,000 (couple).</li><li><b>May 6, 2024:</b> According to the Social Security Trustees report, Social Security can pay full benefits until 2035. That doesn’t mean Social Security payments would end, but they would be funded only by each year’s payroll tax revenue. The Trustees estimate that would cover about 83 percent of scheduled benefit payments.</li></ul><p>The history of Social Security is a testament to the promise between the government and its citizens. From its humble beginnings during the Great Depression, Social Security has stood the test of time, having never missed a payment, providing a foundation of retirement security to generations of Americans.<br><br>For the latest news, expert advice and answers to the most frequently asked questions, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/retirement/social-security/" target="_blank" rel="noopener noreferrer">AARP Social Security Resource Center.</a></span></span><br><br><b>Related Articles</b><br></p><ul><li><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://states.aarp.org/ohio/five-myths-about-social-security" target="_blank" rel="noopener noreferrer">5 Myths About Social Security</a></span></span></li></ul><p> <br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Ohio. Visit the <a href="https://states.aarp.org/region/ohio/" target="_blank">AARP Ohio</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); font-size: 13px; font-weight: 400; line-height: 1.4; font-style: italic; background: #f0efed } @media only screen and (min-width: 768px) { .VideoEnhancement>* { font-size:14px; font-weight: 400; line-height: 1.47 } } .VideoEnhancement-title { padding: 20px } @media only screen and (min-width: 768px) { .VideoEnhancement-title { padding:30px } } .VideoEnhancement-player>* { position: relative; width: 100%; height: 0; padding-bottom: 56.25% } .VideoEnhancement iframe { border: 0; position: absolute; top: 0; left: 0; width: 100%; height: 100% } [data-video-player] { display: block; padding-bottom: 56.25%; height: 0; margin: 0 auto; } [data-video-player][data-aspect-ratio="4x3"] { padding-bottom: 56.25%; } [data-video-player][data-aspect-ratio="16x9"] { padding-bottom: 56.25% } </style> --></div><div class="module clearfix"><div class="module-spacer tout-homefit-750"> <a data-formelementid="CSN-LOCAL-HC-NEWSSK-02272024" href="/columbus-oh/home-and-community/?intcmp=CSN-LOCAL-HC-NEWSSK-02272024"><img class="img-responsive" alt="Explore the free AARP HomeFit Guide" title="Explore the free AARP HomeFit Guide" src="https://cdn-aarp.americantowns.com/img/touts/HomeFit_750x150.png"></a> </div></div></div> <div class="col-md-4 right-rail thin-rhs"><div class="module clearfix"><!--default--> <!-- module_RHS - AARP Events --> <div class="ar-basic-box module-spacer"> <header> <div class="pull-right"> <a href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS"> <img style="width:30px;" src="https://cdn-aarp.americantowns.com/img/template/icons/aarp_event_icon.png" alt="Upcoming AARP Events" /> </a> </div> <h2 class="visible-lg">AARP Events for Columbus</h2> <h2 class="hidden-lg">AARP Events for Columbus</h2> </header> <div class="wrap"> <div class="ar-listing snippet"> <ul class="list"> <li class="item" data-pageindex="1"> <h3 class="topic">Featured Event</h3> <h2 class="title"><a href="/aarp-event/aarp-oh-the-3bs-of-music-the-beatles-10824-mhnqn2whst2.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-THE-3BS-OF-MUSIC-THE-BEATLES">The 3B’s of Music: The Beatles</a></h2> <p class="time">Tuesday, Oct 8, 2024 at 7:00 p.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-co-virtual-functional-fitness-online-99-10142024-sgnszx3wwws.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-FUNCTIONAL-FITNESS-WITH-BASIC-BODY-MOVEMENTS">Functional Fitness with Basic Body Movements</a></h2> <p class="time">Monday, Oct 7, 2024 at 9:00 a.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-il-yoga-and-meditation-virtual-10724-9mnx6s655lw.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-A-CLASS-IN-YOGA-AND-MEDITATION">A Class in Yoga and Meditation</a></h2> <p class="time">Monday, Oct 7, 2024 at 11:00 a.m. ET</p> <p class="venue">Facebook and YouTube</p> <p class="loc">Online Event</p> </li> </ul> <p><a class="link-red" href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS">View All AARP Events<i class="ml-1 fas fa-chevron-right"></i></a></p> </div> </div> </div> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_53475" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_53475', size:'300x250'}); } </script> </div> </div> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </style> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_93505" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_93505', size:'300x250'}); } </script> </div> </div> <div class="module-spacer text-center"> <div class="fb-page" alt="Image of AARP Ohio Facebook Page" title="Image of AARP Ohio Facebook Page" data-href="https://www.facebook.com/AARPOH" data-tabs="timeline" width="320" height="" data-small-header="false" data-adapt-container-width="true" data-hide-cover="false" data-show-facepile="true" lazy="true"> <blockquote cite="https://www.facebook.com/AARPOH" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/AARPOH">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Columbus</h2> </header> <div class="wrap"> <div class="ar-quick-list module-spacer"> <ul class="list-unstyled"> <li><i class="list-icon fa fa-envelope" alt="Email icon" title="Email icon" aria-hidden="true"></i><a href="mailto:OHAARP@aarp.org" target="_blank" rel="noopener">OHAARP@aarp.org</a></li> <li><i class="list-icon fa fa-globe" alt="Globe icon" title="Globe icon" aria-hidden="true"></i><a href="https://states.aarp.org/region/ohio/" target="_blank" rel="noopener">AARP Ohio</a></li> <li><i class="list-icon fa fa-map-marker" alt="Map Marker icon" title="Map Marker icon" aria-hidden="true"></i><a href="https://states.aarp.org/aarp-ohio-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-COLUMBUS-OH" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/AARPOH" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/aarpohio" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> </div> </div> </div></div> <div class="col-md-8 left-rail left-bot"></div> <div class="col-md-4 right-rail right-bot thin-rhs"></div> </div> <div class="row oneColumnLayout"> </div> <div class="row oneColumnLayout"> <div class="col-md-12"><!-- script to activate navbar --> <script type="text/javascript"> jQuery(".channelBarMain ul.left li a").click(function() { window.location = jQuery(this).attr('href'); }); </script> </div> </div> ', 'scripts_for_layout' => '<title>A Journey Through Time: The History of Social Security</title> <meta name="page_title" content="A Journey Through Time: The History of Social Security"/> <meta name="robots" content="noindex, nofollow"/> <meta content="In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great" name="description"/> <meta content="Journey, Through, Time, History, of, Social, Security" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/ohio/history-of-social-security" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/a-journey-through-time-the-history-of-social-security-oh-2024-07-02.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="A Journey Through Time: The History of Social Security"/> <meta name="twitter:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="A Journey Through Time: The History of Social Security"/> <meta property="og:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }', 'title_for_layout' => '{local_city_c}, {local_state} Happenings - AARP' ) $content_for_layout = '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">A Journey Through Time: The History of Social Security</h1></header> <div class="posted-on"> Posted on 07/02/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great Depression further exposed society's vulnerabilities, with millions of older Americans in poverty and many more at risk of financial ruin. In response, the Social Security Act was signed into law to better ensure a measure of income security for older Americans in retirement.<br><br>Over the subsequent decades, it has matured into a vital source of guaranteed, inflation-adjusted income for millions of retirees who pay in and earn their Social Security through payroll taxes they and their employers contribute throughout their working lives. Social Security also enjoys widespread support across all ages and demographic groups.<br><br>Today, more than one in five Ohioans receive Social Security. Nearly half of those age 65 or older count on Social Security as their largest source of income, and about 25 percent of households rely on Social Security for 90 percent or more of their income.<br><br>With this many people saying Social Security is important to their retirement security, it is instructive to understand how it was created and how it has evolved over time.<br><br>Here's a timeline of significant events in the history of Social Security.<br></p><ul><li><b>Aug. 14, 1935:</b> President Franklin Roosevelt signed the Social Security Act into law.</li><li><b>Aug. 10, 1939: </b>The program was broadened to include benefits for workers’ dependents and survivors.</li><li><b>October 1950: </b>Congress authorized the first cost-of-living adjustment (COLA), an increase of 77 percent.</li><li><b>September 1960: </b>President Eisenhower signed a law amending the disability rules to permit payment of benefits to disabled workers of any age and their dependents.</li><li><b>June 30, 1961: </b>All workers are now allowed to retire early at age 62, albeit at a reduced Social Security benefit. Previously, benefits could not be claimed until the normal retirement age (NRA) of 65.</li><li><b>Oct. 30, 1972: </b>President Nixon signed the Social Security Amendments making the cost-of-living adjustment automatic each year,</li><li><b>April 20, 1983:</b> President Ronald Reagan signed into law sweeping changes to Social Security aimed at addressing the imminent Social Security funding gap. These included moving up scheduled increases in the payroll taxes that fund Social Security, gradually raising the normal retirement age to 67, and making 50 percent of Social Security benefits taxable for recipients with incomes above $25,000 for an individual and $32,000 for married couples filing jointly.</li><li><b>Aug. 10, 1993:</b> President Bill Clinton signed the Omnibus Budget Reconciliation Act, a large deficit reduction package of tax increases and spending cuts that included a provision raising the share of Social Security benefits subject to income tax from 50 percent to 85 percent for beneficiaries with incomes above $34,000 (single) or $44,000 (couple).</li><li><b>May 6, 2024:</b> According to the Social Security Trustees report, Social Security can pay full benefits until 2035. That doesn’t mean Social Security payments would end, but they would be funded only by each year’s payroll tax revenue. The Trustees estimate that would cover about 83 percent of scheduled benefit payments.</li></ul><p>The history of Social Security is a testament to the promise between the government and its citizens. From its humble beginnings during the Great Depression, Social Security has stood the test of time, having never missed a payment, providing a foundation of retirement security to generations of Americans.<br><br>For the latest news, expert advice and answers to the most frequently asked questions, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/retirement/social-security/" target="_blank" rel="noopener noreferrer">AARP Social Security Resource Center.</a></span></span><br><br><b>Related Articles</b><br></p><ul><li><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://states.aarp.org/ohio/five-myths-about-social-security" target="_blank" rel="noopener noreferrer">5 Myths About Social Security</a></span></span></li></ul><p> <br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Ohio. Visit the <a href="https://states.aarp.org/region/ohio/" target="_blank">AARP Ohio</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); font-size: 13px; font-weight: 400; line-height: 1.4; font-style: italic; background: #f0efed } @media only screen and (min-width: 768px) { .VideoEnhancement>* { font-size:14px; font-weight: 400; line-height: 1.47 } } .VideoEnhancement-title { padding: 20px } @media only screen and (min-width: 768px) { .VideoEnhancement-title { padding:30px } } .VideoEnhancement-player>* { position: relative; width: 100%; height: 0; padding-bottom: 56.25% } .VideoEnhancement iframe { border: 0; position: absolute; top: 0; left: 0; width: 100%; height: 100% } [data-video-player] { display: block; padding-bottom: 56.25%; height: 0; margin: 0 auto; } [data-video-player][data-aspect-ratio="4x3"] { padding-bottom: 56.25%; } [data-video-player][data-aspect-ratio="16x9"] { padding-bottom: 56.25% } </style> --></div><div class="module clearfix"><div class="module-spacer tout-homefit-750"> <a data-formelementid="CSN-LOCAL-HC-NEWSSK-02272024" href="/columbus-oh/home-and-community/?intcmp=CSN-LOCAL-HC-NEWSSK-02272024"><img class="img-responsive" alt="Explore the free AARP HomeFit Guide" title="Explore the free AARP HomeFit Guide" src="https://cdn-aarp.americantowns.com/img/touts/HomeFit_750x150.png"></a> </div></div></div> <div class="col-md-4 right-rail thin-rhs"><div class="module clearfix"><!--default--> <!-- module_RHS - AARP Events --> <div class="ar-basic-box module-spacer"> <header> <div class="pull-right"> <a href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS"> <img style="width:30px;" src="https://cdn-aarp.americantowns.com/img/template/icons/aarp_event_icon.png" alt="Upcoming AARP Events" /> </a> </div> <h2 class="visible-lg">AARP Events for Columbus</h2> <h2 class="hidden-lg">AARP Events for Columbus</h2> </header> <div class="wrap"> <div class="ar-listing snippet"> <ul class="list"> <li class="item" data-pageindex="1"> <h3 class="topic">Featured Event</h3> <h2 class="title"><a href="/aarp-event/aarp-oh-the-3bs-of-music-the-beatles-10824-mhnqn2whst2.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-THE-3BS-OF-MUSIC-THE-BEATLES">The 3B’s of Music: The Beatles</a></h2> <p class="time">Tuesday, Oct 8, 2024 at 7:00 p.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-co-virtual-functional-fitness-online-99-10142024-sgnszx3wwws.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-FUNCTIONAL-FITNESS-WITH-BASIC-BODY-MOVEMENTS">Functional Fitness with Basic Body Movements</a></h2> <p class="time">Monday, Oct 7, 2024 at 9:00 a.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-il-yoga-and-meditation-virtual-10724-9mnx6s655lw.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-A-CLASS-IN-YOGA-AND-MEDITATION">A Class in Yoga and Meditation</a></h2> <p class="time">Monday, Oct 7, 2024 at 11:00 a.m. ET</p> <p class="venue">Facebook and YouTube</p> <p class="loc">Online Event</p> </li> </ul> <p><a class="link-red" href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS">View All AARP Events<i class="ml-1 fas fa-chevron-right"></i></a></p> </div> </div> </div> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_53475" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_53475', size:'300x250'}); } </script> </div> </div> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </style> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_93505" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_93505', size:'300x250'}); } </script> </div> </div> <div class="module-spacer text-center"> <div class="fb-page" alt="Image of AARP Ohio Facebook Page" title="Image of AARP Ohio Facebook Page" data-href="https://www.facebook.com/AARPOH" data-tabs="timeline" width="320" height="" data-small-header="false" data-adapt-container-width="true" data-hide-cover="false" data-show-facepile="true" lazy="true"> <blockquote cite="https://www.facebook.com/AARPOH" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/AARPOH">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Columbus</h2> </header> <div class="wrap"> <div class="ar-quick-list module-spacer"> <ul class="list-unstyled"> <li><i class="list-icon fa fa-envelope" alt="Email icon" title="Email icon" aria-hidden="true"></i><a href="mailto:OHAARP@aarp.org" target="_blank" rel="noopener">OHAARP@aarp.org</a></li> <li><i class="list-icon fa fa-globe" alt="Globe icon" title="Globe icon" aria-hidden="true"></i><a href="https://states.aarp.org/region/ohio/" target="_blank" rel="noopener">AARP Ohio</a></li> <li><i class="list-icon fa fa-map-marker" alt="Map Marker icon" title="Map Marker icon" aria-hidden="true"></i><a href="https://states.aarp.org/aarp-ohio-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-COLUMBUS-OH" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/AARPOH" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/aarpohio" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> </div> </div> </div></div> <div class="col-md-8 left-rail left-bot"></div> <div class="col-md-4 right-rail right-bot thin-rhs"></div> </div> <div class="row oneColumnLayout"> </div> <div class="row oneColumnLayout"> <div class="col-md-12"><!-- script to activate navbar --> <script type="text/javascript"> jQuery(".channelBarMain ul.left li a").click(function() { window.location = jQuery(this).attr('href'); }); </script> </div> </div> ' $scripts_for_layout = '<title>A Journey Through Time: The History of Social Security</title> <meta name="page_title" content="A Journey Through Time: The History of Social Security"/> <meta name="robots" content="noindex, nofollow"/> <meta content="In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great" name="description"/> <meta content="Journey, Through, Time, History, of, Social, Security" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/ohio/history-of-social-security" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/a-journey-through-time-the-history-of-social-security-oh-2024-07-02.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="A Journey Through Time: The History of Social Security"/> <meta name="twitter:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="A Journey Through Time: The History of Social Security"/> <meta property="og:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }' $title_for_layout = '{local_city_c}, {local_state} Happenings - AARP' $asset_version = '230831' $min = true $nowrapper = false $css = ' :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }'include - APP/View/Layouts/aarp_2023.ctp, line 53 include - APP/View/Layouts/aarp_2023.ctp, line 53 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::renderLayout() - CORE/Cake/View/View.php, line 546 View::render() - CORE/Cake/View/View.php, line 481 Controller::render() - CORE/Cake/Controller/Controller.php, line 963 AppController::renderPage() - APP/Controller/AppController.php, line 136 BlogsController::display() - APP/Controller/BlogsController.php, line 81 ReflectionMethod::invokeArgs() - [internal], line ?? Controller::invokeAction() - CORE/Cake/Controller/Controller.php, line 491 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 193 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 118
Warning (2): include() [<a href='http://php.net/function.include'>function.include</a>]: Failed opening '/var/www/vhosts/vcc_staging/app/Resource/aarp2_master.head.html' for inclusion (include_path='/var/www/vhosts/vcc_staging/lib:.:/usr/share/pear:/usr/share/php') [APP/View/Layouts/aarp_2023.ctp, line 53]Code Context<?php // if (!$nowrapper) (Globals::$language == 'es') ? include(APP . "/Resource/aarpe_global_js_es.html") : include(APP . "/Resource/aarpe_global_js.html"); ?>
<?php if (!$nowrapper): // MLW - Spanish wrappers TBD
include (APP . "Resource/aarp2_master.head.html");
$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">A Journey Through Time: The History of Social Security</h1></header> <div class="posted-on"> Posted on 07/02/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great Depression further exposed society's vulnerabilities, with millions of older Americans in poverty and many more at risk of financial ruin. In response, the Social Security Act was signed into law to better ensure a measure of income security for older Americans in retirement.<br><br>Over the subsequent decades, it has matured into a vital source of guaranteed, inflation-adjusted income for millions of retirees who pay in and earn their Social Security through payroll taxes they and their employers contribute throughout their working lives. Social Security also enjoys widespread support across all ages and demographic groups.<br><br>Today, more than one in five Ohioans receive Social Security. Nearly half of those age 65 or older count on Social Security as their largest source of income, and about 25 percent of households rely on Social Security for 90 percent or more of their income.<br><br>With this many people saying Social Security is important to their retirement security, it is instructive to understand how it was created and how it has evolved over time.<br><br>Here's a timeline of significant events in the history of Social Security.<br></p><ul><li><b>Aug. 14, 1935:</b> President Franklin Roosevelt signed the Social Security Act into law.</li><li><b>Aug. 10, 1939: </b>The program was broadened to include benefits for workers’ dependents and survivors.</li><li><b>October 1950: </b>Congress authorized the first cost-of-living adjustment (COLA), an increase of 77 percent.</li><li><b>September 1960: </b>President Eisenhower signed a law amending the disability rules to permit payment of benefits to disabled workers of any age and their dependents.</li><li><b>June 30, 1961: </b>All workers are now allowed to retire early at age 62, albeit at a reduced Social Security benefit. Previously, benefits could not be claimed until the normal retirement age (NRA) of 65.</li><li><b>Oct. 30, 1972: </b>President Nixon signed the Social Security Amendments making the cost-of-living adjustment automatic each year,</li><li><b>April 20, 1983:</b> President Ronald Reagan signed into law sweeping changes to Social Security aimed at addressing the imminent Social Security funding gap. These included moving up scheduled increases in the payroll taxes that fund Social Security, gradually raising the normal retirement age to 67, and making 50 percent of Social Security benefits taxable for recipients with incomes above $25,000 for an individual and $32,000 for married couples filing jointly.</li><li><b>Aug. 10, 1993:</b> President Bill Clinton signed the Omnibus Budget Reconciliation Act, a large deficit reduction package of tax increases and spending cuts that included a provision raising the share of Social Security benefits subject to income tax from 50 percent to 85 percent for beneficiaries with incomes above $34,000 (single) or $44,000 (couple).</li><li><b>May 6, 2024:</b> According to the Social Security Trustees report, Social Security can pay full benefits until 2035. That doesn’t mean Social Security payments would end, but they would be funded only by each year’s payroll tax revenue. The Trustees estimate that would cover about 83 percent of scheduled benefit payments.</li></ul><p>The history of Social Security is a testament to the promise between the government and its citizens. From its humble beginnings during the Great Depression, Social Security has stood the test of time, having never missed a payment, providing a foundation of retirement security to generations of Americans.<br><br>For the latest news, expert advice and answers to the most frequently asked questions, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/retirement/social-security/" target="_blank" rel="noopener noreferrer">AARP Social Security Resource Center.</a></span></span><br><br><b>Related Articles</b><br></p><ul><li><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://states.aarp.org/ohio/five-myths-about-social-security" target="_blank" rel="noopener noreferrer">5 Myths About Social Security</a></span></span></li></ul><p> <br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Ohio. Visit the <a href="https://states.aarp.org/region/ohio/" target="_blank">AARP Ohio</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); font-size: 13px; font-weight: 400; line-height: 1.4; font-style: italic; background: #f0efed } @media only screen and (min-width: 768px) { .VideoEnhancement>* { font-size:14px; font-weight: 400; line-height: 1.47 } } .VideoEnhancement-title { padding: 20px } @media only screen and (min-width: 768px) { .VideoEnhancement-title { padding:30px } } .VideoEnhancement-player>* { position: relative; width: 100%; height: 0; padding-bottom: 56.25% } .VideoEnhancement iframe { border: 0; position: absolute; top: 0; left: 0; width: 100%; height: 100% } [data-video-player] { display: block; padding-bottom: 56.25%; height: 0; margin: 0 auto; } [data-video-player][data-aspect-ratio="4x3"] { padding-bottom: 56.25%; } [data-video-player][data-aspect-ratio="16x9"] { padding-bottom: 56.25% } </style> --></div><div class="module clearfix"><div class="module-spacer tout-homefit-750"> <a data-formelementid="CSN-LOCAL-HC-NEWSSK-02272024" href="/columbus-oh/home-and-community/?intcmp=CSN-LOCAL-HC-NEWSSK-02272024"><img class="img-responsive" alt="Explore the free AARP HomeFit Guide" title="Explore the free AARP HomeFit Guide" src="https://cdn-aarp.americantowns.com/img/touts/HomeFit_750x150.png"></a> </div></div></div> <div class="col-md-4 right-rail thin-rhs"><div class="module clearfix"><!--default--> <!-- module_RHS - AARP Events --> <div class="ar-basic-box module-spacer"> <header> <div class="pull-right"> <a href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS"> <img style="width:30px;" src="https://cdn-aarp.americantowns.com/img/template/icons/aarp_event_icon.png" alt="Upcoming AARP Events" /> </a> </div> <h2 class="visible-lg">AARP Events for Columbus</h2> <h2 class="hidden-lg">AARP Events for Columbus</h2> </header> <div class="wrap"> <div class="ar-listing snippet"> <ul class="list"> <li class="item" data-pageindex="1"> <h3 class="topic">Featured Event</h3> <h2 class="title"><a href="/aarp-event/aarp-oh-the-3bs-of-music-the-beatles-10824-mhnqn2whst2.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-THE-3BS-OF-MUSIC-THE-BEATLES">The 3B’s of Music: The Beatles</a></h2> <p class="time">Tuesday, Oct 8, 2024 at 7:00 p.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-co-virtual-functional-fitness-online-99-10142024-sgnszx3wwws.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-FUNCTIONAL-FITNESS-WITH-BASIC-BODY-MOVEMENTS">Functional Fitness with Basic Body Movements</a></h2> <p class="time">Monday, Oct 7, 2024 at 9:00 a.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-il-yoga-and-meditation-virtual-10724-9mnx6s655lw.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-A-CLASS-IN-YOGA-AND-MEDITATION">A Class in Yoga and Meditation</a></h2> <p class="time">Monday, Oct 7, 2024 at 11:00 a.m. ET</p> <p class="venue">Facebook and YouTube</p> <p class="loc">Online Event</p> </li> </ul> <p><a class="link-red" href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS">View All AARP Events<i class="ml-1 fas fa-chevron-right"></i></a></p> </div> </div> </div> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_53475" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_53475', size:'300x250'}); } </script> </div> </div> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </style> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_93505" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_93505', size:'300x250'}); } </script> </div> </div> <div class="module-spacer text-center"> <div class="fb-page" alt="Image of AARP Ohio Facebook Page" title="Image of AARP Ohio Facebook Page" data-href="https://www.facebook.com/AARPOH" data-tabs="timeline" width="320" height="" data-small-header="false" data-adapt-container-width="true" data-hide-cover="false" data-show-facepile="true" lazy="true"> <blockquote cite="https://www.facebook.com/AARPOH" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/AARPOH">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Columbus</h2> </header> <div class="wrap"> <div class="ar-quick-list module-spacer"> <ul class="list-unstyled"> <li><i class="list-icon fa fa-envelope" alt="Email icon" title="Email icon" aria-hidden="true"></i><a href="mailto:OHAARP@aarp.org" target="_blank" rel="noopener">OHAARP@aarp.org</a></li> <li><i class="list-icon fa fa-globe" alt="Globe icon" title="Globe icon" aria-hidden="true"></i><a href="https://states.aarp.org/region/ohio/" target="_blank" rel="noopener">AARP Ohio</a></li> <li><i class="list-icon fa fa-map-marker" alt="Map Marker icon" title="Map Marker icon" aria-hidden="true"></i><a href="https://states.aarp.org/aarp-ohio-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-COLUMBUS-OH" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/AARPOH" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/aarpohio" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> </div> </div> </div></div> <div class="col-md-8 left-rail left-bot"></div> <div class="col-md-4 right-rail right-bot thin-rhs"></div> </div> <div class="row oneColumnLayout"> </div> <div class="row oneColumnLayout"> <div class="col-md-12"><!-- script to activate navbar --> <script type="text/javascript"> jQuery(".channelBarMain ul.left li a").click(function() { window.location = jQuery(this).attr('href'); }); </script> </div> </div> ', 'scripts_for_layout' => '<title>A Journey Through Time: The History of Social Security</title> <meta name="page_title" content="A Journey Through Time: The History of Social Security"/> <meta name="robots" content="noindex, nofollow"/> <meta content="In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great" name="description"/> <meta content="Journey, Through, Time, History, of, Social, Security" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/ohio/history-of-social-security" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/a-journey-through-time-the-history-of-social-security-oh-2024-07-02.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="A Journey Through Time: The History of Social Security"/> <meta name="twitter:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="A Journey Through Time: The History of Social Security"/> <meta property="og:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }', 'title_for_layout' => '{local_city_c}, {local_state} Happenings - AARP' ) $content_for_layout = '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">A Journey Through Time: The History of Social Security</h1></header> <div class="posted-on"> Posted on 07/02/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great Depression further exposed society's vulnerabilities, with millions of older Americans in poverty and many more at risk of financial ruin. In response, the Social Security Act was signed into law to better ensure a measure of income security for older Americans in retirement.<br><br>Over the subsequent decades, it has matured into a vital source of guaranteed, inflation-adjusted income for millions of retirees who pay in and earn their Social Security through payroll taxes they and their employers contribute throughout their working lives. Social Security also enjoys widespread support across all ages and demographic groups.<br><br>Today, more than one in five Ohioans receive Social Security. Nearly half of those age 65 or older count on Social Security as their largest source of income, and about 25 percent of households rely on Social Security for 90 percent or more of their income.<br><br>With this many people saying Social Security is important to their retirement security, it is instructive to understand how it was created and how it has evolved over time.<br><br>Here's a timeline of significant events in the history of Social Security.<br></p><ul><li><b>Aug. 14, 1935:</b> President Franklin Roosevelt signed the Social Security Act into law.</li><li><b>Aug. 10, 1939: </b>The program was broadened to include benefits for workers’ dependents and survivors.</li><li><b>October 1950: </b>Congress authorized the first cost-of-living adjustment (COLA), an increase of 77 percent.</li><li><b>September 1960: </b>President Eisenhower signed a law amending the disability rules to permit payment of benefits to disabled workers of any age and their dependents.</li><li><b>June 30, 1961: </b>All workers are now allowed to retire early at age 62, albeit at a reduced Social Security benefit. Previously, benefits could not be claimed until the normal retirement age (NRA) of 65.</li><li><b>Oct. 30, 1972: </b>President Nixon signed the Social Security Amendments making the cost-of-living adjustment automatic each year,</li><li><b>April 20, 1983:</b> President Ronald Reagan signed into law sweeping changes to Social Security aimed at addressing the imminent Social Security funding gap. These included moving up scheduled increases in the payroll taxes that fund Social Security, gradually raising the normal retirement age to 67, and making 50 percent of Social Security benefits taxable for recipients with incomes above $25,000 for an individual and $32,000 for married couples filing jointly.</li><li><b>Aug. 10, 1993:</b> President Bill Clinton signed the Omnibus Budget Reconciliation Act, a large deficit reduction package of tax increases and spending cuts that included a provision raising the share of Social Security benefits subject to income tax from 50 percent to 85 percent for beneficiaries with incomes above $34,000 (single) or $44,000 (couple).</li><li><b>May 6, 2024:</b> According to the Social Security Trustees report, Social Security can pay full benefits until 2035. That doesn’t mean Social Security payments would end, but they would be funded only by each year’s payroll tax revenue. The Trustees estimate that would cover about 83 percent of scheduled benefit payments.</li></ul><p>The history of Social Security is a testament to the promise between the government and its citizens. From its humble beginnings during the Great Depression, Social Security has stood the test of time, having never missed a payment, providing a foundation of retirement security to generations of Americans.<br><br>For the latest news, expert advice and answers to the most frequently asked questions, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/retirement/social-security/" target="_blank" rel="noopener noreferrer">AARP Social Security Resource Center.</a></span></span><br><br><b>Related Articles</b><br></p><ul><li><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://states.aarp.org/ohio/five-myths-about-social-security" target="_blank" rel="noopener noreferrer">5 Myths About Social Security</a></span></span></li></ul><p> <br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Ohio. Visit the <a href="https://states.aarp.org/region/ohio/" target="_blank">AARP Ohio</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); font-size: 13px; font-weight: 400; line-height: 1.4; font-style: italic; background: #f0efed } @media only screen and (min-width: 768px) { .VideoEnhancement>* { font-size:14px; font-weight: 400; line-height: 1.47 } } .VideoEnhancement-title { padding: 20px } @media only screen and (min-width: 768px) { .VideoEnhancement-title { padding:30px } } .VideoEnhancement-player>* { position: relative; width: 100%; height: 0; padding-bottom: 56.25% } .VideoEnhancement iframe { border: 0; position: absolute; top: 0; left: 0; width: 100%; height: 100% } [data-video-player] { display: block; padding-bottom: 56.25%; height: 0; margin: 0 auto; } [data-video-player][data-aspect-ratio="4x3"] { padding-bottom: 56.25%; } [data-video-player][data-aspect-ratio="16x9"] { padding-bottom: 56.25% } </style> --></div><div class="module clearfix"><div class="module-spacer tout-homefit-750"> <a data-formelementid="CSN-LOCAL-HC-NEWSSK-02272024" href="/columbus-oh/home-and-community/?intcmp=CSN-LOCAL-HC-NEWSSK-02272024"><img class="img-responsive" alt="Explore the free AARP HomeFit Guide" title="Explore the free AARP HomeFit Guide" src="https://cdn-aarp.americantowns.com/img/touts/HomeFit_750x150.png"></a> </div></div></div> <div class="col-md-4 right-rail thin-rhs"><div class="module clearfix"><!--default--> <!-- module_RHS - AARP Events --> <div class="ar-basic-box module-spacer"> <header> <div class="pull-right"> <a href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS"> <img style="width:30px;" src="https://cdn-aarp.americantowns.com/img/template/icons/aarp_event_icon.png" alt="Upcoming AARP Events" /> </a> </div> <h2 class="visible-lg">AARP Events for Columbus</h2> <h2 class="hidden-lg">AARP Events for Columbus</h2> </header> <div class="wrap"> <div class="ar-listing snippet"> <ul class="list"> <li class="item" data-pageindex="1"> <h3 class="topic">Featured Event</h3> <h2 class="title"><a href="/aarp-event/aarp-oh-the-3bs-of-music-the-beatles-10824-mhnqn2whst2.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-THE-3BS-OF-MUSIC-THE-BEATLES">The 3B’s of Music: The Beatles</a></h2> <p class="time">Tuesday, Oct 8, 2024 at 7:00 p.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-co-virtual-functional-fitness-online-99-10142024-sgnszx3wwws.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-FUNCTIONAL-FITNESS-WITH-BASIC-BODY-MOVEMENTS">Functional Fitness with Basic Body Movements</a></h2> <p class="time">Monday, Oct 7, 2024 at 9:00 a.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-il-yoga-and-meditation-virtual-10724-9mnx6s655lw.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-A-CLASS-IN-YOGA-AND-MEDITATION">A Class in Yoga and Meditation</a></h2> <p class="time">Monday, Oct 7, 2024 at 11:00 a.m. ET</p> <p class="venue">Facebook and YouTube</p> <p class="loc">Online Event</p> </li> </ul> <p><a class="link-red" href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS">View All AARP Events<i class="ml-1 fas fa-chevron-right"></i></a></p> </div> </div> </div> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_53475" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_53475', size:'300x250'}); } </script> </div> </div> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </style> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_93505" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_93505', size:'300x250'}); } </script> </div> </div> <div class="module-spacer text-center"> <div class="fb-page" alt="Image of AARP Ohio Facebook Page" title="Image of AARP Ohio Facebook Page" data-href="https://www.facebook.com/AARPOH" data-tabs="timeline" width="320" height="" data-small-header="false" data-adapt-container-width="true" data-hide-cover="false" data-show-facepile="true" lazy="true"> <blockquote cite="https://www.facebook.com/AARPOH" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/AARPOH">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Columbus</h2> </header> <div class="wrap"> <div class="ar-quick-list module-spacer"> <ul class="list-unstyled"> <li><i class="list-icon fa fa-envelope" alt="Email icon" title="Email icon" aria-hidden="true"></i><a href="mailto:OHAARP@aarp.org" target="_blank" rel="noopener">OHAARP@aarp.org</a></li> <li><i class="list-icon fa fa-globe" alt="Globe icon" title="Globe icon" aria-hidden="true"></i><a href="https://states.aarp.org/region/ohio/" target="_blank" rel="noopener">AARP Ohio</a></li> <li><i class="list-icon fa fa-map-marker" alt="Map Marker icon" title="Map Marker icon" aria-hidden="true"></i><a href="https://states.aarp.org/aarp-ohio-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-COLUMBUS-OH" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/AARPOH" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/aarpohio" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> </div> </div> </div></div> <div class="col-md-8 left-rail left-bot"></div> <div class="col-md-4 right-rail right-bot thin-rhs"></div> </div> <div class="row oneColumnLayout"> </div> <div class="row oneColumnLayout"> <div class="col-md-12"><!-- script to activate navbar --> <script type="text/javascript"> jQuery(".channelBarMain ul.left li a").click(function() { window.location = jQuery(this).attr('href'); }); </script> </div> </div> ' $scripts_for_layout = '<title>A Journey Through Time: The History of Social Security</title> <meta name="page_title" content="A Journey Through Time: The History of Social Security"/> <meta name="robots" content="noindex, nofollow"/> <meta content="In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great" name="description"/> <meta content="Journey, Through, Time, History, of, Social, Security" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/ohio/history-of-social-security" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/a-journey-through-time-the-history-of-social-security-oh-2024-07-02.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="A Journey Through Time: The History of Social Security"/> <meta name="twitter:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="A Journey Through Time: The History of Social Security"/> <meta property="og:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }' $title_for_layout = '{local_city_c}, {local_state} Happenings - AARP' $asset_version = '230831' $min = true $nowrapper = false $css = ' :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }'include - APP/View/Layouts/aarp_2023.ctp, line 53 include - APP/View/Layouts/aarp_2023.ctp, line 53 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::renderLayout() - CORE/Cake/View/View.php, line 546 View::render() - CORE/Cake/View/View.php, line 481 Controller::render() - CORE/Cake/Controller/Controller.php, line 963 AppController::renderPage() - APP/Controller/AppController.php, line 136 BlogsController::display() - APP/Controller/BlogsController.php, line 81 ReflectionMethod::invokeArgs() - [internal], line ?? Controller::invokeAction() - CORE/Cake/Controller/Controller.php, line 491 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 193 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 118
Warning (2): include(/var/www/vhosts/vcc_staging/app/Resource/aarp2_master.resource.root.html) [<a href='http://php.net/function.include'>function.include</a>]: failed to open stream: No such file or directory [APP/View/Layouts/aarp_2023.ctp, line 54]Code Context<?php if (!$nowrapper): // MLW - Spanish wrappers TBD
include (APP . "Resource/aarp2_master.head.html");
include (APP . "Resource/aarp2_master.resource.root.html");
$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">A Journey Through Time: The History of Social Security</h1></header> <div class="posted-on"> Posted on 07/02/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great Depression further exposed society's vulnerabilities, with millions of older Americans in poverty and many more at risk of financial ruin. In response, the Social Security Act was signed into law to better ensure a measure of income security for older Americans in retirement.<br><br>Over the subsequent decades, it has matured into a vital source of guaranteed, inflation-adjusted income for millions of retirees who pay in and earn their Social Security through payroll taxes they and their employers contribute throughout their working lives. Social Security also enjoys widespread support across all ages and demographic groups.<br><br>Today, more than one in five Ohioans receive Social Security. Nearly half of those age 65 or older count on Social Security as their largest source of income, and about 25 percent of households rely on Social Security for 90 percent or more of their income.<br><br>With this many people saying Social Security is important to their retirement security, it is instructive to understand how it was created and how it has evolved over time.<br><br>Here's a timeline of significant events in the history of Social Security.<br></p><ul><li><b>Aug. 14, 1935:</b> President Franklin Roosevelt signed the Social Security Act into law.</li><li><b>Aug. 10, 1939: </b>The program was broadened to include benefits for workers’ dependents and survivors.</li><li><b>October 1950: </b>Congress authorized the first cost-of-living adjustment (COLA), an increase of 77 percent.</li><li><b>September 1960: </b>President Eisenhower signed a law amending the disability rules to permit payment of benefits to disabled workers of any age and their dependents.</li><li><b>June 30, 1961: </b>All workers are now allowed to retire early at age 62, albeit at a reduced Social Security benefit. Previously, benefits could not be claimed until the normal retirement age (NRA) of 65.</li><li><b>Oct. 30, 1972: </b>President Nixon signed the Social Security Amendments making the cost-of-living adjustment automatic each year,</li><li><b>April 20, 1983:</b> President Ronald Reagan signed into law sweeping changes to Social Security aimed at addressing the imminent Social Security funding gap. These included moving up scheduled increases in the payroll taxes that fund Social Security, gradually raising the normal retirement age to 67, and making 50 percent of Social Security benefits taxable for recipients with incomes above $25,000 for an individual and $32,000 for married couples filing jointly.</li><li><b>Aug. 10, 1993:</b> President Bill Clinton signed the Omnibus Budget Reconciliation Act, a large deficit reduction package of tax increases and spending cuts that included a provision raising the share of Social Security benefits subject to income tax from 50 percent to 85 percent for beneficiaries with incomes above $34,000 (single) or $44,000 (couple).</li><li><b>May 6, 2024:</b> According to the Social Security Trustees report, Social Security can pay full benefits until 2035. That doesn’t mean Social Security payments would end, but they would be funded only by each year’s payroll tax revenue. The Trustees estimate that would cover about 83 percent of scheduled benefit payments.</li></ul><p>The history of Social Security is a testament to the promise between the government and its citizens. From its humble beginnings during the Great Depression, Social Security has stood the test of time, having never missed a payment, providing a foundation of retirement security to generations of Americans.<br><br>For the latest news, expert advice and answers to the most frequently asked questions, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/retirement/social-security/" target="_blank" rel="noopener noreferrer">AARP Social Security Resource Center.</a></span></span><br><br><b>Related Articles</b><br></p><ul><li><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://states.aarp.org/ohio/five-myths-about-social-security" target="_blank" rel="noopener noreferrer">5 Myths About Social Security</a></span></span></li></ul><p> <br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Ohio. Visit the <a href="https://states.aarp.org/region/ohio/" target="_blank">AARP Ohio</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); font-size: 13px; font-weight: 400; line-height: 1.4; font-style: italic; background: #f0efed } @media only screen and (min-width: 768px) { .VideoEnhancement>* { font-size:14px; font-weight: 400; line-height: 1.47 } } .VideoEnhancement-title { padding: 20px } @media only screen and (min-width: 768px) { .VideoEnhancement-title { padding:30px } } .VideoEnhancement-player>* { position: relative; width: 100%; height: 0; padding-bottom: 56.25% } .VideoEnhancement iframe { border: 0; position: absolute; top: 0; left: 0; width: 100%; height: 100% } [data-video-player] { display: block; padding-bottom: 56.25%; height: 0; margin: 0 auto; } [data-video-player][data-aspect-ratio="4x3"] { padding-bottom: 56.25%; } [data-video-player][data-aspect-ratio="16x9"] { padding-bottom: 56.25% } </style> --></div><div class="module clearfix"><div class="module-spacer tout-homefit-750"> <a data-formelementid="CSN-LOCAL-HC-NEWSSK-02272024" href="/columbus-oh/home-and-community/?intcmp=CSN-LOCAL-HC-NEWSSK-02272024"><img class="img-responsive" alt="Explore the free AARP HomeFit Guide" title="Explore the free AARP HomeFit Guide" src="https://cdn-aarp.americantowns.com/img/touts/HomeFit_750x150.png"></a> </div></div></div> <div class="col-md-4 right-rail thin-rhs"><div class="module clearfix"><!--default--> <!-- module_RHS - AARP Events --> <div class="ar-basic-box module-spacer"> <header> <div class="pull-right"> <a href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS"> <img style="width:30px;" src="https://cdn-aarp.americantowns.com/img/template/icons/aarp_event_icon.png" alt="Upcoming AARP Events" /> </a> </div> <h2 class="visible-lg">AARP Events for Columbus</h2> <h2 class="hidden-lg">AARP Events for Columbus</h2> </header> <div class="wrap"> <div class="ar-listing snippet"> <ul class="list"> <li class="item" data-pageindex="1"> <h3 class="topic">Featured Event</h3> <h2 class="title"><a href="/aarp-event/aarp-oh-the-3bs-of-music-the-beatles-10824-mhnqn2whst2.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-THE-3BS-OF-MUSIC-THE-BEATLES">The 3B’s of Music: The Beatles</a></h2> <p class="time">Tuesday, Oct 8, 2024 at 7:00 p.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-co-virtual-functional-fitness-online-99-10142024-sgnszx3wwws.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-FUNCTIONAL-FITNESS-WITH-BASIC-BODY-MOVEMENTS">Functional Fitness with Basic Body Movements</a></h2> <p class="time">Monday, Oct 7, 2024 at 9:00 a.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-il-yoga-and-meditation-virtual-10724-9mnx6s655lw.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-A-CLASS-IN-YOGA-AND-MEDITATION">A Class in Yoga and Meditation</a></h2> <p class="time">Monday, Oct 7, 2024 at 11:00 a.m. ET</p> <p class="venue">Facebook and YouTube</p> <p class="loc">Online Event</p> </li> </ul> <p><a class="link-red" href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS">View All AARP Events<i class="ml-1 fas fa-chevron-right"></i></a></p> </div> </div> </div> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_53475" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_53475', size:'300x250'}); } </script> </div> </div> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </style> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_93505" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_93505', size:'300x250'}); } </script> </div> </div> <div class="module-spacer text-center"> <div class="fb-page" alt="Image of AARP Ohio Facebook Page" title="Image of AARP Ohio Facebook Page" data-href="https://www.facebook.com/AARPOH" data-tabs="timeline" width="320" height="" data-small-header="false" data-adapt-container-width="true" data-hide-cover="false" data-show-facepile="true" lazy="true"> <blockquote cite="https://www.facebook.com/AARPOH" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/AARPOH">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Columbus</h2> </header> <div class="wrap"> <div class="ar-quick-list module-spacer"> <ul class="list-unstyled"> <li><i class="list-icon fa fa-envelope" alt="Email icon" title="Email icon" aria-hidden="true"></i><a href="mailto:OHAARP@aarp.org" target="_blank" rel="noopener">OHAARP@aarp.org</a></li> <li><i class="list-icon fa fa-globe" alt="Globe icon" title="Globe icon" aria-hidden="true"></i><a href="https://states.aarp.org/region/ohio/" target="_blank" rel="noopener">AARP Ohio</a></li> <li><i class="list-icon fa fa-map-marker" alt="Map Marker icon" title="Map Marker icon" aria-hidden="true"></i><a href="https://states.aarp.org/aarp-ohio-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-COLUMBUS-OH" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/AARPOH" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/aarpohio" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> </div> </div> </div></div> <div class="col-md-8 left-rail left-bot"></div> <div class="col-md-4 right-rail right-bot thin-rhs"></div> </div> <div class="row oneColumnLayout"> </div> <div class="row oneColumnLayout"> <div class="col-md-12"><!-- script to activate navbar --> <script type="text/javascript"> jQuery(".channelBarMain ul.left li a").click(function() { window.location = jQuery(this).attr('href'); }); </script> </div> </div> ', 'scripts_for_layout' => '<title>A Journey Through Time: The History of Social Security</title> <meta name="page_title" content="A Journey Through Time: The History of Social Security"/> <meta name="robots" content="noindex, nofollow"/> <meta content="In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great" name="description"/> <meta content="Journey, Through, Time, History, of, Social, Security" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/ohio/history-of-social-security" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/a-journey-through-time-the-history-of-social-security-oh-2024-07-02.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="A Journey Through Time: The History of Social Security"/> <meta name="twitter:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="A Journey Through Time: The History of Social Security"/> <meta property="og:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }', 'title_for_layout' => '{local_city_c}, {local_state} Happenings - AARP' ) $content_for_layout = '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">A Journey Through Time: The History of Social Security</h1></header> <div class="posted-on"> Posted on 07/02/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great Depression further exposed society's vulnerabilities, with millions of older Americans in poverty and many more at risk of financial ruin. In response, the Social Security Act was signed into law to better ensure a measure of income security for older Americans in retirement.<br><br>Over the subsequent decades, it has matured into a vital source of guaranteed, inflation-adjusted income for millions of retirees who pay in and earn their Social Security through payroll taxes they and their employers contribute throughout their working lives. Social Security also enjoys widespread support across all ages and demographic groups.<br><br>Today, more than one in five Ohioans receive Social Security. Nearly half of those age 65 or older count on Social Security as their largest source of income, and about 25 percent of households rely on Social Security for 90 percent or more of their income.<br><br>With this many people saying Social Security is important to their retirement security, it is instructive to understand how it was created and how it has evolved over time.<br><br>Here's a timeline of significant events in the history of Social Security.<br></p><ul><li><b>Aug. 14, 1935:</b> President Franklin Roosevelt signed the Social Security Act into law.</li><li><b>Aug. 10, 1939: </b>The program was broadened to include benefits for workers’ dependents and survivors.</li><li><b>October 1950: </b>Congress authorized the first cost-of-living adjustment (COLA), an increase of 77 percent.</li><li><b>September 1960: </b>President Eisenhower signed a law amending the disability rules to permit payment of benefits to disabled workers of any age and their dependents.</li><li><b>June 30, 1961: </b>All workers are now allowed to retire early at age 62, albeit at a reduced Social Security benefit. Previously, benefits could not be claimed until the normal retirement age (NRA) of 65.</li><li><b>Oct. 30, 1972: </b>President Nixon signed the Social Security Amendments making the cost-of-living adjustment automatic each year,</li><li><b>April 20, 1983:</b> President Ronald Reagan signed into law sweeping changes to Social Security aimed at addressing the imminent Social Security funding gap. These included moving up scheduled increases in the payroll taxes that fund Social Security, gradually raising the normal retirement age to 67, and making 50 percent of Social Security benefits taxable for recipients with incomes above $25,000 for an individual and $32,000 for married couples filing jointly.</li><li><b>Aug. 10, 1993:</b> President Bill Clinton signed the Omnibus Budget Reconciliation Act, a large deficit reduction package of tax increases and spending cuts that included a provision raising the share of Social Security benefits subject to income tax from 50 percent to 85 percent for beneficiaries with incomes above $34,000 (single) or $44,000 (couple).</li><li><b>May 6, 2024:</b> According to the Social Security Trustees report, Social Security can pay full benefits until 2035. That doesn’t mean Social Security payments would end, but they would be funded only by each year’s payroll tax revenue. The Trustees estimate that would cover about 83 percent of scheduled benefit payments.</li></ul><p>The history of Social Security is a testament to the promise between the government and its citizens. From its humble beginnings during the Great Depression, Social Security has stood the test of time, having never missed a payment, providing a foundation of retirement security to generations of Americans.<br><br>For the latest news, expert advice and answers to the most frequently asked questions, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/retirement/social-security/" target="_blank" rel="noopener noreferrer">AARP Social Security Resource Center.</a></span></span><br><br><b>Related Articles</b><br></p><ul><li><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://states.aarp.org/ohio/five-myths-about-social-security" target="_blank" rel="noopener noreferrer">5 Myths About Social Security</a></span></span></li></ul><p> <br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Ohio. Visit the <a href="https://states.aarp.org/region/ohio/" target="_blank">AARP Ohio</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); font-size: 13px; font-weight: 400; line-height: 1.4; font-style: italic; background: #f0efed } @media only screen and (min-width: 768px) { .VideoEnhancement>* { font-size:14px; font-weight: 400; line-height: 1.47 } } .VideoEnhancement-title { padding: 20px } @media only screen and (min-width: 768px) { .VideoEnhancement-title { padding:30px } } .VideoEnhancement-player>* { position: relative; width: 100%; height: 0; padding-bottom: 56.25% } .VideoEnhancement iframe { border: 0; position: absolute; top: 0; left: 0; width: 100%; height: 100% } [data-video-player] { display: block; padding-bottom: 56.25%; height: 0; margin: 0 auto; } [data-video-player][data-aspect-ratio="4x3"] { padding-bottom: 56.25%; } [data-video-player][data-aspect-ratio="16x9"] { padding-bottom: 56.25% } </style> --></div><div class="module clearfix"><div class="module-spacer tout-homefit-750"> <a data-formelementid="CSN-LOCAL-HC-NEWSSK-02272024" href="/columbus-oh/home-and-community/?intcmp=CSN-LOCAL-HC-NEWSSK-02272024"><img class="img-responsive" alt="Explore the free AARP HomeFit Guide" title="Explore the free AARP HomeFit Guide" src="https://cdn-aarp.americantowns.com/img/touts/HomeFit_750x150.png"></a> </div></div></div> <div class="col-md-4 right-rail thin-rhs"><div class="module clearfix"><!--default--> <!-- module_RHS - AARP Events --> <div class="ar-basic-box module-spacer"> <header> <div class="pull-right"> <a href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS"> <img style="width:30px;" src="https://cdn-aarp.americantowns.com/img/template/icons/aarp_event_icon.png" alt="Upcoming AARP Events" /> </a> </div> <h2 class="visible-lg">AARP Events for Columbus</h2> <h2 class="hidden-lg">AARP Events for Columbus</h2> </header> <div class="wrap"> <div class="ar-listing snippet"> <ul class="list"> <li class="item" data-pageindex="1"> <h3 class="topic">Featured Event</h3> <h2 class="title"><a href="/aarp-event/aarp-oh-the-3bs-of-music-the-beatles-10824-mhnqn2whst2.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-THE-3BS-OF-MUSIC-THE-BEATLES">The 3B’s of Music: The Beatles</a></h2> <p class="time">Tuesday, Oct 8, 2024 at 7:00 p.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-co-virtual-functional-fitness-online-99-10142024-sgnszx3wwws.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-FUNCTIONAL-FITNESS-WITH-BASIC-BODY-MOVEMENTS">Functional Fitness with Basic Body Movements</a></h2> <p class="time">Monday, Oct 7, 2024 at 9:00 a.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-il-yoga-and-meditation-virtual-10724-9mnx6s655lw.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-A-CLASS-IN-YOGA-AND-MEDITATION">A Class in Yoga and Meditation</a></h2> <p class="time">Monday, Oct 7, 2024 at 11:00 a.m. ET</p> <p class="venue">Facebook and YouTube</p> <p class="loc">Online Event</p> </li> </ul> <p><a class="link-red" href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS">View All AARP Events<i class="ml-1 fas fa-chevron-right"></i></a></p> </div> </div> </div> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_53475" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_53475', size:'300x250'}); } </script> </div> </div> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </style> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_93505" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_93505', size:'300x250'}); } </script> </div> </div> <div class="module-spacer text-center"> <div class="fb-page" alt="Image of AARP Ohio Facebook Page" title="Image of AARP Ohio Facebook Page" data-href="https://www.facebook.com/AARPOH" data-tabs="timeline" width="320" height="" data-small-header="false" data-adapt-container-width="true" data-hide-cover="false" data-show-facepile="true" lazy="true"> <blockquote cite="https://www.facebook.com/AARPOH" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/AARPOH">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Columbus</h2> </header> <div class="wrap"> <div class="ar-quick-list module-spacer"> <ul class="list-unstyled"> <li><i class="list-icon fa fa-envelope" alt="Email icon" title="Email icon" aria-hidden="true"></i><a href="mailto:OHAARP@aarp.org" target="_blank" rel="noopener">OHAARP@aarp.org</a></li> <li><i class="list-icon fa fa-globe" alt="Globe icon" title="Globe icon" aria-hidden="true"></i><a href="https://states.aarp.org/region/ohio/" target="_blank" rel="noopener">AARP Ohio</a></li> <li><i class="list-icon fa fa-map-marker" alt="Map Marker icon" title="Map Marker icon" aria-hidden="true"></i><a href="https://states.aarp.org/aarp-ohio-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-COLUMBUS-OH" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/AARPOH" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/aarpohio" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> </div> </div> </div></div> <div class="col-md-8 left-rail left-bot"></div> <div class="col-md-4 right-rail right-bot thin-rhs"></div> </div> <div class="row oneColumnLayout"> </div> <div class="row oneColumnLayout"> <div class="col-md-12"><!-- script to activate navbar --> <script type="text/javascript"> jQuery(".channelBarMain ul.left li a").click(function() { window.location = jQuery(this).attr('href'); }); </script> </div> </div> ' $scripts_for_layout = '<title>A Journey Through Time: The History of Social Security</title> <meta name="page_title" content="A Journey Through Time: The History of Social Security"/> <meta name="robots" content="noindex, nofollow"/> <meta content="In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great" name="description"/> <meta content="Journey, Through, Time, History, of, Social, Security" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/ohio/history-of-social-security" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/a-journey-through-time-the-history-of-social-security-oh-2024-07-02.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="A Journey Through Time: The History of Social Security"/> <meta name="twitter:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="A Journey Through Time: The History of Social Security"/> <meta property="og:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }' $title_for_layout = '{local_city_c}, {local_state} Happenings - AARP' $asset_version = '230831' $min = true $nowrapper = false $css = ' :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }'include - APP/View/Layouts/aarp_2023.ctp, line 54 include - APP/View/Layouts/aarp_2023.ctp, line 54 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::renderLayout() - CORE/Cake/View/View.php, line 546 View::render() - CORE/Cake/View/View.php, line 481 Controller::render() - CORE/Cake/Controller/Controller.php, line 963 AppController::renderPage() - APP/Controller/AppController.php, line 136 BlogsController::display() - APP/Controller/BlogsController.php, line 81 ReflectionMethod::invokeArgs() - [internal], line ?? Controller::invokeAction() - CORE/Cake/Controller/Controller.php, line 491 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 193 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 118
Warning (2): include() [<a href='http://php.net/function.include'>function.include</a>]: Failed opening '/var/www/vhosts/vcc_staging/app/Resource/aarp2_master.resource.root.html' for inclusion (include_path='/var/www/vhosts/vcc_staging/lib:.:/usr/share/pear:/usr/share/php') [APP/View/Layouts/aarp_2023.ctp, line 54]Code Context<?php if (!$nowrapper): // MLW - Spanish wrappers TBD
include (APP . "Resource/aarp2_master.head.html");
include (APP . "Resource/aarp2_master.resource.root.html");
$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">A Journey Through Time: The History of Social Security</h1></header> <div class="posted-on"> Posted on 07/02/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great Depression further exposed society's vulnerabilities, with millions of older Americans in poverty and many more at risk of financial ruin. In response, the Social Security Act was signed into law to better ensure a measure of income security for older Americans in retirement.<br><br>Over the subsequent decades, it has matured into a vital source of guaranteed, inflation-adjusted income for millions of retirees who pay in and earn their Social Security through payroll taxes they and their employers contribute throughout their working lives. Social Security also enjoys widespread support across all ages and demographic groups.<br><br>Today, more than one in five Ohioans receive Social Security. Nearly half of those age 65 or older count on Social Security as their largest source of income, and about 25 percent of households rely on Social Security for 90 percent or more of their income.<br><br>With this many people saying Social Security is important to their retirement security, it is instructive to understand how it was created and how it has evolved over time.<br><br>Here's a timeline of significant events in the history of Social Security.<br></p><ul><li><b>Aug. 14, 1935:</b> President Franklin Roosevelt signed the Social Security Act into law.</li><li><b>Aug. 10, 1939: </b>The program was broadened to include benefits for workers’ dependents and survivors.</li><li><b>October 1950: </b>Congress authorized the first cost-of-living adjustment (COLA), an increase of 77 percent.</li><li><b>September 1960: </b>President Eisenhower signed a law amending the disability rules to permit payment of benefits to disabled workers of any age and their dependents.</li><li><b>June 30, 1961: </b>All workers are now allowed to retire early at age 62, albeit at a reduced Social Security benefit. Previously, benefits could not be claimed until the normal retirement age (NRA) of 65.</li><li><b>Oct. 30, 1972: </b>President Nixon signed the Social Security Amendments making the cost-of-living adjustment automatic each year,</li><li><b>April 20, 1983:</b> President Ronald Reagan signed into law sweeping changes to Social Security aimed at addressing the imminent Social Security funding gap. These included moving up scheduled increases in the payroll taxes that fund Social Security, gradually raising the normal retirement age to 67, and making 50 percent of Social Security benefits taxable for recipients with incomes above $25,000 for an individual and $32,000 for married couples filing jointly.</li><li><b>Aug. 10, 1993:</b> President Bill Clinton signed the Omnibus Budget Reconciliation Act, a large deficit reduction package of tax increases and spending cuts that included a provision raising the share of Social Security benefits subject to income tax from 50 percent to 85 percent for beneficiaries with incomes above $34,000 (single) or $44,000 (couple).</li><li><b>May 6, 2024:</b> According to the Social Security Trustees report, Social Security can pay full benefits until 2035. That doesn’t mean Social Security payments would end, but they would be funded only by each year’s payroll tax revenue. The Trustees estimate that would cover about 83 percent of scheduled benefit payments.</li></ul><p>The history of Social Security is a testament to the promise between the government and its citizens. From its humble beginnings during the Great Depression, Social Security has stood the test of time, having never missed a payment, providing a foundation of retirement security to generations of Americans.<br><br>For the latest news, expert advice and answers to the most frequently asked questions, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/retirement/social-security/" target="_blank" rel="noopener noreferrer">AARP Social Security Resource Center.</a></span></span><br><br><b>Related Articles</b><br></p><ul><li><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://states.aarp.org/ohio/five-myths-about-social-security" target="_blank" rel="noopener noreferrer">5 Myths About Social Security</a></span></span></li></ul><p> <br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Ohio. Visit the <a href="https://states.aarp.org/region/ohio/" target="_blank">AARP Ohio</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); font-size: 13px; font-weight: 400; line-height: 1.4; font-style: italic; background: #f0efed } @media only screen and (min-width: 768px) { .VideoEnhancement>* { font-size:14px; font-weight: 400; line-height: 1.47 } } .VideoEnhancement-title { padding: 20px } @media only screen and (min-width: 768px) { .VideoEnhancement-title { padding:30px } } .VideoEnhancement-player>* { position: relative; width: 100%; height: 0; padding-bottom: 56.25% } .VideoEnhancement iframe { border: 0; position: absolute; top: 0; left: 0; width: 100%; height: 100% } [data-video-player] { display: block; padding-bottom: 56.25%; height: 0; margin: 0 auto; } [data-video-player][data-aspect-ratio="4x3"] { padding-bottom: 56.25%; } [data-video-player][data-aspect-ratio="16x9"] { padding-bottom: 56.25% } </style> --></div><div class="module clearfix"><div class="module-spacer tout-homefit-750"> <a data-formelementid="CSN-LOCAL-HC-NEWSSK-02272024" href="/columbus-oh/home-and-community/?intcmp=CSN-LOCAL-HC-NEWSSK-02272024"><img class="img-responsive" alt="Explore the free AARP HomeFit Guide" title="Explore the free AARP HomeFit Guide" src="https://cdn-aarp.americantowns.com/img/touts/HomeFit_750x150.png"></a> </div></div></div> <div class="col-md-4 right-rail thin-rhs"><div class="module clearfix"><!--default--> <!-- module_RHS - AARP Events --> <div class="ar-basic-box module-spacer"> <header> <div class="pull-right"> <a href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS"> <img style="width:30px;" src="https://cdn-aarp.americantowns.com/img/template/icons/aarp_event_icon.png" alt="Upcoming AARP Events" /> </a> </div> <h2 class="visible-lg">AARP Events for Columbus</h2> <h2 class="hidden-lg">AARP Events for Columbus</h2> </header> <div class="wrap"> <div class="ar-listing snippet"> <ul class="list"> <li class="item" data-pageindex="1"> <h3 class="topic">Featured Event</h3> <h2 class="title"><a href="/aarp-event/aarp-oh-the-3bs-of-music-the-beatles-10824-mhnqn2whst2.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-THE-3BS-OF-MUSIC-THE-BEATLES">The 3B’s of Music: The Beatles</a></h2> <p class="time">Tuesday, Oct 8, 2024 at 7:00 p.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-co-virtual-functional-fitness-online-99-10142024-sgnszx3wwws.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-FUNCTIONAL-FITNESS-WITH-BASIC-BODY-MOVEMENTS">Functional Fitness with Basic Body Movements</a></h2> <p class="time">Monday, Oct 7, 2024 at 9:00 a.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-il-yoga-and-meditation-virtual-10724-9mnx6s655lw.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-A-CLASS-IN-YOGA-AND-MEDITATION">A Class in Yoga and Meditation</a></h2> <p class="time">Monday, Oct 7, 2024 at 11:00 a.m. ET</p> <p class="venue">Facebook and YouTube</p> <p class="loc">Online Event</p> </li> </ul> <p><a class="link-red" href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS">View All AARP Events<i class="ml-1 fas fa-chevron-right"></i></a></p> </div> </div> </div> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_53475" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_53475', size:'300x250'}); } </script> </div> </div> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </style> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_93505" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_93505', size:'300x250'}); } </script> </div> </div> <div class="module-spacer text-center"> <div class="fb-page" alt="Image of AARP Ohio Facebook Page" title="Image of AARP Ohio Facebook Page" data-href="https://www.facebook.com/AARPOH" data-tabs="timeline" width="320" height="" data-small-header="false" data-adapt-container-width="true" data-hide-cover="false" data-show-facepile="true" lazy="true"> <blockquote cite="https://www.facebook.com/AARPOH" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/AARPOH">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Columbus</h2> </header> <div class="wrap"> <div class="ar-quick-list module-spacer"> <ul class="list-unstyled"> <li><i class="list-icon fa fa-envelope" alt="Email icon" title="Email icon" aria-hidden="true"></i><a href="mailto:OHAARP@aarp.org" target="_blank" rel="noopener">OHAARP@aarp.org</a></li> <li><i class="list-icon fa fa-globe" alt="Globe icon" title="Globe icon" aria-hidden="true"></i><a href="https://states.aarp.org/region/ohio/" target="_blank" rel="noopener">AARP Ohio</a></li> <li><i class="list-icon fa fa-map-marker" alt="Map Marker icon" title="Map Marker icon" aria-hidden="true"></i><a href="https://states.aarp.org/aarp-ohio-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-COLUMBUS-OH" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/AARPOH" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/aarpohio" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> </div> </div> </div></div> <div class="col-md-8 left-rail left-bot"></div> <div class="col-md-4 right-rail right-bot thin-rhs"></div> </div> <div class="row oneColumnLayout"> </div> <div class="row oneColumnLayout"> <div class="col-md-12"><!-- script to activate navbar --> <script type="text/javascript"> jQuery(".channelBarMain ul.left li a").click(function() { window.location = jQuery(this).attr('href'); }); </script> </div> </div> ', 'scripts_for_layout' => '<title>A Journey Through Time: The History of Social Security</title> <meta name="page_title" content="A Journey Through Time: The History of Social Security"/> <meta name="robots" content="noindex, nofollow"/> <meta content="In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great" name="description"/> <meta content="Journey, Through, Time, History, of, Social, Security" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/ohio/history-of-social-security" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/a-journey-through-time-the-history-of-social-security-oh-2024-07-02.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="A Journey Through Time: The History of Social Security"/> <meta name="twitter:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="A Journey Through Time: The History of Social Security"/> <meta property="og:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }', 'title_for_layout' => '{local_city_c}, {local_state} Happenings - AARP' ) $content_for_layout = '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">A Journey Through Time: The History of Social Security</h1></header> <div class="posted-on"> Posted on 07/02/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great Depression further exposed society's vulnerabilities, with millions of older Americans in poverty and many more at risk of financial ruin. In response, the Social Security Act was signed into law to better ensure a measure of income security for older Americans in retirement.<br><br>Over the subsequent decades, it has matured into a vital source of guaranteed, inflation-adjusted income for millions of retirees who pay in and earn their Social Security through payroll taxes they and their employers contribute throughout their working lives. Social Security also enjoys widespread support across all ages and demographic groups.<br><br>Today, more than one in five Ohioans receive Social Security. Nearly half of those age 65 or older count on Social Security as their largest source of income, and about 25 percent of households rely on Social Security for 90 percent or more of their income.<br><br>With this many people saying Social Security is important to their retirement security, it is instructive to understand how it was created and how it has evolved over time.<br><br>Here's a timeline of significant events in the history of Social Security.<br></p><ul><li><b>Aug. 14, 1935:</b> President Franklin Roosevelt signed the Social Security Act into law.</li><li><b>Aug. 10, 1939: </b>The program was broadened to include benefits for workers’ dependents and survivors.</li><li><b>October 1950: </b>Congress authorized the first cost-of-living adjustment (COLA), an increase of 77 percent.</li><li><b>September 1960: </b>President Eisenhower signed a law amending the disability rules to permit payment of benefits to disabled workers of any age and their dependents.</li><li><b>June 30, 1961: </b>All workers are now allowed to retire early at age 62, albeit at a reduced Social Security benefit. Previously, benefits could not be claimed until the normal retirement age (NRA) of 65.</li><li><b>Oct. 30, 1972: </b>President Nixon signed the Social Security Amendments making the cost-of-living adjustment automatic each year,</li><li><b>April 20, 1983:</b> President Ronald Reagan signed into law sweeping changes to Social Security aimed at addressing the imminent Social Security funding gap. These included moving up scheduled increases in the payroll taxes that fund Social Security, gradually raising the normal retirement age to 67, and making 50 percent of Social Security benefits taxable for recipients with incomes above $25,000 for an individual and $32,000 for married couples filing jointly.</li><li><b>Aug. 10, 1993:</b> President Bill Clinton signed the Omnibus Budget Reconciliation Act, a large deficit reduction package of tax increases and spending cuts that included a provision raising the share of Social Security benefits subject to income tax from 50 percent to 85 percent for beneficiaries with incomes above $34,000 (single) or $44,000 (couple).</li><li><b>May 6, 2024:</b> According to the Social Security Trustees report, Social Security can pay full benefits until 2035. That doesn’t mean Social Security payments would end, but they would be funded only by each year’s payroll tax revenue. The Trustees estimate that would cover about 83 percent of scheduled benefit payments.</li></ul><p>The history of Social Security is a testament to the promise between the government and its citizens. From its humble beginnings during the Great Depression, Social Security has stood the test of time, having never missed a payment, providing a foundation of retirement security to generations of Americans.<br><br>For the latest news, expert advice and answers to the most frequently asked questions, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/retirement/social-security/" target="_blank" rel="noopener noreferrer">AARP Social Security Resource Center.</a></span></span><br><br><b>Related Articles</b><br></p><ul><li><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://states.aarp.org/ohio/five-myths-about-social-security" target="_blank" rel="noopener noreferrer">5 Myths About Social Security</a></span></span></li></ul><p> <br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Ohio. Visit the <a href="https://states.aarp.org/region/ohio/" target="_blank">AARP Ohio</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); font-size: 13px; font-weight: 400; line-height: 1.4; font-style: italic; background: #f0efed } @media only screen and (min-width: 768px) { .VideoEnhancement>* { font-size:14px; font-weight: 400; line-height: 1.47 } } .VideoEnhancement-title { padding: 20px } @media only screen and (min-width: 768px) { .VideoEnhancement-title { padding:30px } } .VideoEnhancement-player>* { position: relative; width: 100%; height: 0; padding-bottom: 56.25% } .VideoEnhancement iframe { border: 0; position: absolute; top: 0; left: 0; width: 100%; height: 100% } [data-video-player] { display: block; padding-bottom: 56.25%; height: 0; margin: 0 auto; } [data-video-player][data-aspect-ratio="4x3"] { padding-bottom: 56.25%; } [data-video-player][data-aspect-ratio="16x9"] { padding-bottom: 56.25% } </style> --></div><div class="module clearfix"><div class="module-spacer tout-homefit-750"> <a data-formelementid="CSN-LOCAL-HC-NEWSSK-02272024" href="/columbus-oh/home-and-community/?intcmp=CSN-LOCAL-HC-NEWSSK-02272024"><img class="img-responsive" alt="Explore the free AARP HomeFit Guide" title="Explore the free AARP HomeFit Guide" src="https://cdn-aarp.americantowns.com/img/touts/HomeFit_750x150.png"></a> </div></div></div> <div class="col-md-4 right-rail thin-rhs"><div class="module clearfix"><!--default--> <!-- module_RHS - AARP Events --> <div class="ar-basic-box module-spacer"> <header> <div class="pull-right"> <a href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS"> <img style="width:30px;" src="https://cdn-aarp.americantowns.com/img/template/icons/aarp_event_icon.png" alt="Upcoming AARP Events" /> </a> </div> <h2 class="visible-lg">AARP Events for Columbus</h2> <h2 class="hidden-lg">AARP Events for Columbus</h2> </header> <div class="wrap"> <div class="ar-listing snippet"> <ul class="list"> <li class="item" data-pageindex="1"> <h3 class="topic">Featured Event</h3> <h2 class="title"><a href="/aarp-event/aarp-oh-the-3bs-of-music-the-beatles-10824-mhnqn2whst2.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-THE-3BS-OF-MUSIC-THE-BEATLES">The 3B’s of Music: The Beatles</a></h2> <p class="time">Tuesday, Oct 8, 2024 at 7:00 p.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-co-virtual-functional-fitness-online-99-10142024-sgnszx3wwws.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-FUNCTIONAL-FITNESS-WITH-BASIC-BODY-MOVEMENTS">Functional Fitness with Basic Body Movements</a></h2> <p class="time">Monday, Oct 7, 2024 at 9:00 a.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-il-yoga-and-meditation-virtual-10724-9mnx6s655lw.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-A-CLASS-IN-YOGA-AND-MEDITATION">A Class in Yoga and Meditation</a></h2> <p class="time">Monday, Oct 7, 2024 at 11:00 a.m. ET</p> <p class="venue">Facebook and YouTube</p> <p class="loc">Online Event</p> </li> </ul> <p><a class="link-red" href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS">View All AARP Events<i class="ml-1 fas fa-chevron-right"></i></a></p> </div> </div> </div> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_53475" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_53475', size:'300x250'}); } </script> </div> </div> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </style> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_93505" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_93505', size:'300x250'}); } </script> </div> </div> <div class="module-spacer text-center"> <div class="fb-page" alt="Image of AARP Ohio Facebook Page" title="Image of AARP Ohio Facebook Page" data-href="https://www.facebook.com/AARPOH" data-tabs="timeline" width="320" height="" data-small-header="false" data-adapt-container-width="true" data-hide-cover="false" data-show-facepile="true" lazy="true"> <blockquote cite="https://www.facebook.com/AARPOH" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/AARPOH">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Columbus</h2> </header> <div class="wrap"> <div class="ar-quick-list module-spacer"> <ul class="list-unstyled"> <li><i class="list-icon fa fa-envelope" alt="Email icon" title="Email icon" aria-hidden="true"></i><a href="mailto:OHAARP@aarp.org" target="_blank" rel="noopener">OHAARP@aarp.org</a></li> <li><i class="list-icon fa fa-globe" alt="Globe icon" title="Globe icon" aria-hidden="true"></i><a href="https://states.aarp.org/region/ohio/" target="_blank" rel="noopener">AARP Ohio</a></li> <li><i class="list-icon fa fa-map-marker" alt="Map Marker icon" title="Map Marker icon" aria-hidden="true"></i><a href="https://states.aarp.org/aarp-ohio-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-COLUMBUS-OH" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/AARPOH" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/aarpohio" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> </div> </div> </div></div> <div class="col-md-8 left-rail left-bot"></div> <div class="col-md-4 right-rail right-bot thin-rhs"></div> </div> <div class="row oneColumnLayout"> </div> <div class="row oneColumnLayout"> <div class="col-md-12"><!-- script to activate navbar --> <script type="text/javascript"> jQuery(".channelBarMain ul.left li a").click(function() { window.location = jQuery(this).attr('href'); }); </script> </div> </div> ' $scripts_for_layout = '<title>A Journey Through Time: The History of Social Security</title> <meta name="page_title" content="A Journey Through Time: The History of Social Security"/> <meta name="robots" content="noindex, nofollow"/> <meta content="In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great" name="description"/> <meta content="Journey, Through, Time, History, of, Social, Security" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/ohio/history-of-social-security" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/a-journey-through-time-the-history-of-social-security-oh-2024-07-02.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="A Journey Through Time: The History of Social Security"/> <meta name="twitter:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="A Journey Through Time: The History of Social Security"/> <meta property="og:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }' $title_for_layout = '{local_city_c}, {local_state} Happenings - AARP' $asset_version = '230831' $min = true $nowrapper = false $css = ' :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }'include - APP/View/Layouts/aarp_2023.ctp, line 54 include - APP/View/Layouts/aarp_2023.ctp, line 54 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::renderLayout() - CORE/Cake/View/View.php, line 546 View::render() - CORE/Cake/View/View.php, line 481 Controller::render() - CORE/Cake/Controller/Controller.php, line 963 AppController::renderPage() - APP/Controller/AppController.php, line 136 BlogsController::display() - APP/Controller/BlogsController.php, line 81 ReflectionMethod::invokeArgs() - [internal], line ?? Controller::invokeAction() - CORE/Cake/Controller/Controller.php, line 491 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 193 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 118
In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great Depression further exposed society's vulnerabilities, with millions of older Americans in poverty and many more at risk of financial ruin. In response, the Social Security Act was signed into law to better ensure a measure of income security for older Americans in retirement.
Over the subsequent decades, it has matured into a vital source of guaranteed, inflation-adjusted income for millions of retirees who pay in and earn their Social Security through payroll taxes they and their employers contribute throughout their working lives. Social Security also enjoys widespread support across all ages and demographic groups.
Today, more than one in five Ohioans receive Social Security. Nearly half of those age 65 or older count on Social Security as their largest source of income, and about 25 percent of households rely on Social Security for 90 percent or more of their income.
With this many people saying Social Security is important to their retirement security, it is instructive to understand how it was created and how it has evolved over time.
Here's a timeline of significant events in the history of Social Security.
The history of Social Security is a testament to the promise between the government and its citizens. From its humble beginnings during the Great Depression, Social Security has stood the test of time, having never missed a payment, providing a foundation of retirement security to generations of Americans.
For the latest news, expert advice and answers to the most frequently asked questions, visit the AARP Social Security Resource Center.
Related Articles
This story is provided by AARP Ohio. Visit the AARP Ohio page for more news, events, and programs affecting retirement, health care, and more.
Tuesday, Oct 8, 2024 at 7:00 p.m. ET
Zoom
Online Event
Monday, Oct 7, 2024 at 9:00 a.m. ET
Zoom
Online Event
Monday, Oct 7, 2024 at 11:00 a.m. ET
Facebook and YouTube
Online Event
Warning (2): include(/var/www/vhosts/vcc_staging/app/Resource/aarp2_master.footer.html) [<a href='http://php.net/function.include'>function.include</a>]: failed to open stream: No such file or directory [APP/View/Layouts/aarp_2023.ctp, line 242]Code Context<?php // if (!$nowrapper) (Globals::$language == 'es') ? include(APP . "/Resource/aarpe_footer_es.html") : include(APP . "/Resource/aarpe_footer.html"); ?>
<?php if (!$nowrapper): // MLW - Spanish wrappers TBD
include (APP . "Resource/aarp2_master.footer.html");
$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">A Journey Through Time: The History of Social Security</h1></header> <div class="posted-on"> Posted on 07/02/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great Depression further exposed society's vulnerabilities, with millions of older Americans in poverty and many more at risk of financial ruin. In response, the Social Security Act was signed into law to better ensure a measure of income security for older Americans in retirement.<br><br>Over the subsequent decades, it has matured into a vital source of guaranteed, inflation-adjusted income for millions of retirees who pay in and earn their Social Security through payroll taxes they and their employers contribute throughout their working lives. Social Security also enjoys widespread support across all ages and demographic groups.<br><br>Today, more than one in five Ohioans receive Social Security. Nearly half of those age 65 or older count on Social Security as their largest source of income, and about 25 percent of households rely on Social Security for 90 percent or more of their income.<br><br>With this many people saying Social Security is important to their retirement security, it is instructive to understand how it was created and how it has evolved over time.<br><br>Here's a timeline of significant events in the history of Social Security.<br></p><ul><li><b>Aug. 14, 1935:</b> President Franklin Roosevelt signed the Social Security Act into law.</li><li><b>Aug. 10, 1939: </b>The program was broadened to include benefits for workers’ dependents and survivors.</li><li><b>October 1950: </b>Congress authorized the first cost-of-living adjustment (COLA), an increase of 77 percent.</li><li><b>September 1960: </b>President Eisenhower signed a law amending the disability rules to permit payment of benefits to disabled workers of any age and their dependents.</li><li><b>June 30, 1961: </b>All workers are now allowed to retire early at age 62, albeit at a reduced Social Security benefit. Previously, benefits could not be claimed until the normal retirement age (NRA) of 65.</li><li><b>Oct. 30, 1972: </b>President Nixon signed the Social Security Amendments making the cost-of-living adjustment automatic each year,</li><li><b>April 20, 1983:</b> President Ronald Reagan signed into law sweeping changes to Social Security aimed at addressing the imminent Social Security funding gap. These included moving up scheduled increases in the payroll taxes that fund Social Security, gradually raising the normal retirement age to 67, and making 50 percent of Social Security benefits taxable for recipients with incomes above $25,000 for an individual and $32,000 for married couples filing jointly.</li><li><b>Aug. 10, 1993:</b> President Bill Clinton signed the Omnibus Budget Reconciliation Act, a large deficit reduction package of tax increases and spending cuts that included a provision raising the share of Social Security benefits subject to income tax from 50 percent to 85 percent for beneficiaries with incomes above $34,000 (single) or $44,000 (couple).</li><li><b>May 6, 2024:</b> According to the Social Security Trustees report, Social Security can pay full benefits until 2035. That doesn’t mean Social Security payments would end, but they would be funded only by each year’s payroll tax revenue. The Trustees estimate that would cover about 83 percent of scheduled benefit payments.</li></ul><p>The history of Social Security is a testament to the promise between the government and its citizens. From its humble beginnings during the Great Depression, Social Security has stood the test of time, having never missed a payment, providing a foundation of retirement security to generations of Americans.<br><br>For the latest news, expert advice and answers to the most frequently asked questions, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/retirement/social-security/" target="_blank" rel="noopener noreferrer">AARP Social Security Resource Center.</a></span></span><br><br><b>Related Articles</b><br></p><ul><li><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://states.aarp.org/ohio/five-myths-about-social-security" target="_blank" rel="noopener noreferrer">5 Myths About Social Security</a></span></span></li></ul><p> <br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Ohio. Visit the <a href="https://states.aarp.org/region/ohio/" target="_blank">AARP Ohio</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); font-size: 13px; font-weight: 400; line-height: 1.4; font-style: italic; background: #f0efed } @media only screen and (min-width: 768px) { .VideoEnhancement>* { font-size:14px; font-weight: 400; line-height: 1.47 } } .VideoEnhancement-title { padding: 20px } @media only screen and (min-width: 768px) { .VideoEnhancement-title { padding:30px } } .VideoEnhancement-player>* { position: relative; width: 100%; height: 0; padding-bottom: 56.25% } .VideoEnhancement iframe { border: 0; position: absolute; top: 0; left: 0; width: 100%; height: 100% } [data-video-player] { display: block; padding-bottom: 56.25%; height: 0; margin: 0 auto; } [data-video-player][data-aspect-ratio="4x3"] { padding-bottom: 56.25%; } [data-video-player][data-aspect-ratio="16x9"] { padding-bottom: 56.25% } </style> --></div><div class="module clearfix"><div class="module-spacer tout-homefit-750"> <a data-formelementid="CSN-LOCAL-HC-NEWSSK-02272024" href="/columbus-oh/home-and-community/?intcmp=CSN-LOCAL-HC-NEWSSK-02272024"><img class="img-responsive" alt="Explore the free AARP HomeFit Guide" title="Explore the free AARP HomeFit Guide" src="https://cdn-aarp.americantowns.com/img/touts/HomeFit_750x150.png"></a> </div></div></div> <div class="col-md-4 right-rail thin-rhs"><div class="module clearfix"><!--default--> <!-- module_RHS - AARP Events --> <div class="ar-basic-box module-spacer"> <header> <div class="pull-right"> <a href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS"> <img style="width:30px;" src="https://cdn-aarp.americantowns.com/img/template/icons/aarp_event_icon.png" alt="Upcoming AARP Events" /> </a> </div> <h2 class="visible-lg">AARP Events for Columbus</h2> <h2 class="hidden-lg">AARP Events for Columbus</h2> </header> <div class="wrap"> <div class="ar-listing snippet"> <ul class="list"> <li class="item" data-pageindex="1"> <h3 class="topic">Featured Event</h3> <h2 class="title"><a href="/aarp-event/aarp-oh-the-3bs-of-music-the-beatles-10824-mhnqn2whst2.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-THE-3BS-OF-MUSIC-THE-BEATLES">The 3B’s of Music: The Beatles</a></h2> <p class="time">Tuesday, Oct 8, 2024 at 7:00 p.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-co-virtual-functional-fitness-online-99-10142024-sgnszx3wwws.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-FUNCTIONAL-FITNESS-WITH-BASIC-BODY-MOVEMENTS">Functional Fitness with Basic Body Movements</a></h2> <p class="time">Monday, Oct 7, 2024 at 9:00 a.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-il-yoga-and-meditation-virtual-10724-9mnx6s655lw.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-A-CLASS-IN-YOGA-AND-MEDITATION">A Class in Yoga and Meditation</a></h2> <p class="time">Monday, Oct 7, 2024 at 11:00 a.m. ET</p> <p class="venue">Facebook and YouTube</p> <p class="loc">Online Event</p> </li> </ul> <p><a class="link-red" href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS">View All AARP Events<i class="ml-1 fas fa-chevron-right"></i></a></p> </div> </div> </div> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_53475" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_53475', size:'300x250'}); } </script> </div> </div> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </style> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_93505" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_93505', size:'300x250'}); } </script> </div> </div> <div class="module-spacer text-center"> <div class="fb-page" alt="Image of AARP Ohio Facebook Page" title="Image of AARP Ohio Facebook Page" data-href="https://www.facebook.com/AARPOH" data-tabs="timeline" width="320" height="" data-small-header="false" data-adapt-container-width="true" data-hide-cover="false" data-show-facepile="true" lazy="true"> <blockquote cite="https://www.facebook.com/AARPOH" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/AARPOH">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Columbus</h2> </header> <div class="wrap"> <div class="ar-quick-list module-spacer"> <ul class="list-unstyled"> <li><i class="list-icon fa fa-envelope" alt="Email icon" title="Email icon" aria-hidden="true"></i><a href="mailto:OHAARP@aarp.org" target="_blank" rel="noopener">OHAARP@aarp.org</a></li> <li><i class="list-icon fa fa-globe" alt="Globe icon" title="Globe icon" aria-hidden="true"></i><a href="https://states.aarp.org/region/ohio/" target="_blank" rel="noopener">AARP Ohio</a></li> <li><i class="list-icon fa fa-map-marker" alt="Map Marker icon" title="Map Marker icon" aria-hidden="true"></i><a href="https://states.aarp.org/aarp-ohio-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-COLUMBUS-OH" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/AARPOH" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/aarpohio" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> </div> </div> </div></div> <div class="col-md-8 left-rail left-bot"></div> <div class="col-md-4 right-rail right-bot thin-rhs"></div> </div> <div class="row oneColumnLayout"> </div> <div class="row oneColumnLayout"> <div class="col-md-12"><!-- script to activate navbar --> <script type="text/javascript"> jQuery(".channelBarMain ul.left li a").click(function() { window.location = jQuery(this).attr('href'); }); </script> </div> </div> ', 'scripts_for_layout' => '<title>A Journey Through Time: The History of Social Security</title> <meta name="page_title" content="A Journey Through Time: The History of Social Security"/> <meta name="robots" content="noindex, nofollow"/> <meta content="In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great" name="description"/> <meta content="Journey, Through, Time, History, of, Social, Security" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/ohio/history-of-social-security" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/a-journey-through-time-the-history-of-social-security-oh-2024-07-02.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="A Journey Through Time: The History of Social Security"/> <meta name="twitter:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="A Journey Through Time: The History of Social Security"/> <meta property="og:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }', 'title_for_layout' => '{local_city_c}, {local_state} Happenings - AARP' ) $content_for_layout = '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">A Journey Through Time: The History of Social Security</h1></header> <div class="posted-on"> Posted on 07/02/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great Depression further exposed society's vulnerabilities, with millions of older Americans in poverty and many more at risk of financial ruin. In response, the Social Security Act was signed into law to better ensure a measure of income security for older Americans in retirement.<br><br>Over the subsequent decades, it has matured into a vital source of guaranteed, inflation-adjusted income for millions of retirees who pay in and earn their Social Security through payroll taxes they and their employers contribute throughout their working lives. Social Security also enjoys widespread support across all ages and demographic groups.<br><br>Today, more than one in five Ohioans receive Social Security. Nearly half of those age 65 or older count on Social Security as their largest source of income, and about 25 percent of households rely on Social Security for 90 percent or more of their income.<br><br>With this many people saying Social Security is important to their retirement security, it is instructive to understand how it was created and how it has evolved over time.<br><br>Here's a timeline of significant events in the history of Social Security.<br></p><ul><li><b>Aug. 14, 1935:</b> President Franklin Roosevelt signed the Social Security Act into law.</li><li><b>Aug. 10, 1939: </b>The program was broadened to include benefits for workers’ dependents and survivors.</li><li><b>October 1950: </b>Congress authorized the first cost-of-living adjustment (COLA), an increase of 77 percent.</li><li><b>September 1960: </b>President Eisenhower signed a law amending the disability rules to permit payment of benefits to disabled workers of any age and their dependents.</li><li><b>June 30, 1961: </b>All workers are now allowed to retire early at age 62, albeit at a reduced Social Security benefit. Previously, benefits could not be claimed until the normal retirement age (NRA) of 65.</li><li><b>Oct. 30, 1972: </b>President Nixon signed the Social Security Amendments making the cost-of-living adjustment automatic each year,</li><li><b>April 20, 1983:</b> President Ronald Reagan signed into law sweeping changes to Social Security aimed at addressing the imminent Social Security funding gap. These included moving up scheduled increases in the payroll taxes that fund Social Security, gradually raising the normal retirement age to 67, and making 50 percent of Social Security benefits taxable for recipients with incomes above $25,000 for an individual and $32,000 for married couples filing jointly.</li><li><b>Aug. 10, 1993:</b> President Bill Clinton signed the Omnibus Budget Reconciliation Act, a large deficit reduction package of tax increases and spending cuts that included a provision raising the share of Social Security benefits subject to income tax from 50 percent to 85 percent for beneficiaries with incomes above $34,000 (single) or $44,000 (couple).</li><li><b>May 6, 2024:</b> According to the Social Security Trustees report, Social Security can pay full benefits until 2035. That doesn’t mean Social Security payments would end, but they would be funded only by each year’s payroll tax revenue. The Trustees estimate that would cover about 83 percent of scheduled benefit payments.</li></ul><p>The history of Social Security is a testament to the promise between the government and its citizens. From its humble beginnings during the Great Depression, Social Security has stood the test of time, having never missed a payment, providing a foundation of retirement security to generations of Americans.<br><br>For the latest news, expert advice and answers to the most frequently asked questions, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/retirement/social-security/" target="_blank" rel="noopener noreferrer">AARP Social Security Resource Center.</a></span></span><br><br><b>Related Articles</b><br></p><ul><li><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://states.aarp.org/ohio/five-myths-about-social-security" target="_blank" rel="noopener noreferrer">5 Myths About Social Security</a></span></span></li></ul><p> <br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Ohio. Visit the <a href="https://states.aarp.org/region/ohio/" target="_blank">AARP Ohio</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); font-size: 13px; font-weight: 400; line-height: 1.4; font-style: italic; background: #f0efed } @media only screen and (min-width: 768px) { .VideoEnhancement>* { font-size:14px; font-weight: 400; line-height: 1.47 } } .VideoEnhancement-title { padding: 20px } @media only screen and (min-width: 768px) { .VideoEnhancement-title { padding:30px } } .VideoEnhancement-player>* { position: relative; width: 100%; height: 0; padding-bottom: 56.25% } .VideoEnhancement iframe { border: 0; position: absolute; top: 0; left: 0; width: 100%; height: 100% } [data-video-player] { display: block; padding-bottom: 56.25%; height: 0; margin: 0 auto; } [data-video-player][data-aspect-ratio="4x3"] { padding-bottom: 56.25%; } [data-video-player][data-aspect-ratio="16x9"] { padding-bottom: 56.25% } </style> --></div><div class="module clearfix"><div class="module-spacer tout-homefit-750"> <a data-formelementid="CSN-LOCAL-HC-NEWSSK-02272024" href="/columbus-oh/home-and-community/?intcmp=CSN-LOCAL-HC-NEWSSK-02272024"><img class="img-responsive" alt="Explore the free AARP HomeFit Guide" title="Explore the free AARP HomeFit Guide" src="https://cdn-aarp.americantowns.com/img/touts/HomeFit_750x150.png"></a> </div></div></div> <div class="col-md-4 right-rail thin-rhs"><div class="module clearfix"><!--default--> <!-- module_RHS - AARP Events --> <div class="ar-basic-box module-spacer"> <header> <div class="pull-right"> <a href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS"> <img style="width:30px;" src="https://cdn-aarp.americantowns.com/img/template/icons/aarp_event_icon.png" alt="Upcoming AARP Events" /> </a> </div> <h2 class="visible-lg">AARP Events for Columbus</h2> <h2 class="hidden-lg">AARP Events for Columbus</h2> </header> <div class="wrap"> <div class="ar-listing snippet"> <ul class="list"> <li class="item" data-pageindex="1"> <h3 class="topic">Featured Event</h3> <h2 class="title"><a href="/aarp-event/aarp-oh-the-3bs-of-music-the-beatles-10824-mhnqn2whst2.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-THE-3BS-OF-MUSIC-THE-BEATLES">The 3B’s of Music: The Beatles</a></h2> <p class="time">Tuesday, Oct 8, 2024 at 7:00 p.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-co-virtual-functional-fitness-online-99-10142024-sgnszx3wwws.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-FUNCTIONAL-FITNESS-WITH-BASIC-BODY-MOVEMENTS">Functional Fitness with Basic Body Movements</a></h2> <p class="time">Monday, Oct 7, 2024 at 9:00 a.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-il-yoga-and-meditation-virtual-10724-9mnx6s655lw.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-A-CLASS-IN-YOGA-AND-MEDITATION">A Class in Yoga and Meditation</a></h2> <p class="time">Monday, Oct 7, 2024 at 11:00 a.m. ET</p> <p class="venue">Facebook and YouTube</p> <p class="loc">Online Event</p> </li> </ul> <p><a class="link-red" href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS">View All AARP Events<i class="ml-1 fas fa-chevron-right"></i></a></p> </div> </div> </div> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_53475" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_53475', size:'300x250'}); } </script> </div> </div> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </style> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_93505" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_93505', size:'300x250'}); } </script> </div> </div> <div class="module-spacer text-center"> <div class="fb-page" alt="Image of AARP Ohio Facebook Page" title="Image of AARP Ohio Facebook Page" data-href="https://www.facebook.com/AARPOH" data-tabs="timeline" width="320" height="" data-small-header="false" data-adapt-container-width="true" data-hide-cover="false" data-show-facepile="true" lazy="true"> <blockquote cite="https://www.facebook.com/AARPOH" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/AARPOH">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Columbus</h2> </header> <div class="wrap"> <div class="ar-quick-list module-spacer"> <ul class="list-unstyled"> <li><i class="list-icon fa fa-envelope" alt="Email icon" title="Email icon" aria-hidden="true"></i><a href="mailto:OHAARP@aarp.org" target="_blank" rel="noopener">OHAARP@aarp.org</a></li> <li><i class="list-icon fa fa-globe" alt="Globe icon" title="Globe icon" aria-hidden="true"></i><a href="https://states.aarp.org/region/ohio/" target="_blank" rel="noopener">AARP Ohio</a></li> <li><i class="list-icon fa fa-map-marker" alt="Map Marker icon" title="Map Marker icon" aria-hidden="true"></i><a href="https://states.aarp.org/aarp-ohio-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-COLUMBUS-OH" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/AARPOH" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/aarpohio" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> </div> </div> </div></div> <div class="col-md-8 left-rail left-bot"></div> <div class="col-md-4 right-rail right-bot thin-rhs"></div> </div> <div class="row oneColumnLayout"> </div> <div class="row oneColumnLayout"> <div class="col-md-12"><!-- script to activate navbar --> <script type="text/javascript"> jQuery(".channelBarMain ul.left li a").click(function() { window.location = jQuery(this).attr('href'); }); </script> </div> </div> ' $scripts_for_layout = '<title>A Journey Through Time: The History of Social Security</title> <meta name="page_title" content="A Journey Through Time: The History of Social Security"/> <meta name="robots" content="noindex, nofollow"/> <meta content="In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great" name="description"/> <meta content="Journey, Through, Time, History, of, Social, Security" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/ohio/history-of-social-security" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/a-journey-through-time-the-history-of-social-security-oh-2024-07-02.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="A Journey Through Time: The History of Social Security"/> <meta name="twitter:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="A Journey Through Time: The History of Social Security"/> <meta property="og:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }' $title_for_layout = '{local_city_c}, {local_state} Happenings - AARP' $asset_version = '230831' $min = true $nowrapper = false $css = ' :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }' $highlighting = '' $location = '<a href="/columbus-oh/?intcmp=CSN-LOCAL-NAV-HOME">Columbus, OH</a>' $no_header = false $header_title = '<a href="/columbus-oh/happenings/">News Feed</a>' $header_subtitle = '' $isPR = false $navbar = '<nav class="section" role="button" aria-expanded="false" aria-controls="collapse"> <div class="section-toggle">Sections <i class="fas fa-chevron-down"></i></div> <ul class="secondary-menu" id="secondary-menu" role="menu" aria-busy="true"> <li role="presentation" class=""><a role="menuitem" class="menuitem" href="/columbus-oh/aarp-events/?intcmp=CSN-LOCAL-NAV-OLE" data-formelementid="LOCAL-LNK-CLK-EVENTS">Online & Local Events</a> </li> <li role="presentation" class=""><a role="menuitem" class="menuitem" href="/columbus-oh/things-to-do/?intcmp=CSN-LOCAL-NAV-TTD" data-formelementid="LOCAL-LNK-CLK-THINGSTODO">Things to Do</a></li> <li role="presentation" class="active"><a role="menuitem" class="menuitem" href="/columbus-oh/happenings/?intcmp=CSN-LOCAL-NAV-NF" data-formelementid="LOCAL-LNK-CLK-HAPPENINGS">News Feed</a> </li> <li role="presentation" class=""><a role="menuitem" class="menuitem" href="/columbus-oh/volunteering/?intcmp=CSN-LOCAL-NAV-VOL" data-formelementid="LOCAL-LNK-CLK-VOLUNTEERING">Volunteering</a> </li> <li role="presentation" class=""><a role="menuitem" class="menuitem" href="/columbus-oh/home-and-community/?intcmp=CSN-LOCAL-NAV-HC" data-formelementid="LOCAL-LNK-CLK-HC">Home & Community</a> </li> <li role="presentation" class=""><a role="menuitem" class="menuitem" href="/columbus-oh/movies/?intcmp=CSN-LOCAL-NAV-MFG" data-formelementid="LOCAL-LNK-CLK-MOVIESFORGROWNUPS">Movies for Grownups</a> </li> <li role="presentation" class="more nosep " id="submenu-more"> <span role="menuitem" class="menuitem" data-formelementid="LOCAL-LNK-CLK-MORE">More<i class="fas fa-chevron-down"></i></span> <ul class="secondary-submenu animate slide-in" id="secondary-submenu"> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/discounts/?intcmp=CSN-LOCAL-NAV-LO" data-formelementid="LOCAL-LNK-CLK-OFFERS">Local Offers</a></li> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/local-resources/?intcmp=CSN-LOCAL-NAV-LR" data-formelementid="LOCAL-LNK-CLK-LOCALRESOURCES">Local Resources</a> </li> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/jobs/?intcmp=CSN-LOCAL-NAV-WJ" data-formelementid="LOCAL-LNK-CLK-WORK&JOBS">Work & Jobs</a></li> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/events/?intcmp=CSN-LOCAL-NAV-CC" data-formelementid="LOCAL-LNK-CLK-EVENTS">Community Calendar</a></li> <!-- <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/healthy-living/?intcmp=CSN-LOCAL-NAV-HEALTHY_LIVING" data-formelementid="LOCAL-LNK-CLK-HEALTHY_LIVING">Healthy Living</a></li> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/arts-entertainment/?intcmp=CSN-LOCAL-NAV-ARTS_ENT" data-formelementid="LOCAL-LNK-CLK-ARTS_ENT">Arts & Entertainment</a></li> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/museums/?intcmp=CSN-LOCAL-NAV-MUSEUMS" data-formelementid="LOCAL-LNK-CLK-MUSEUMS">Museums</a></li> --> </ul> </li> </ul> </nav>' $header_custom = '' $breadcrumbs = array( (int) 0 => array( 'title' => 'News Feed', 'slug' => 'happenings' ) ) $row = array( 'title' => 'Back to News Feed', 'slug' => 'happenings' ) $i = (int) 0include - APP/View/Layouts/aarp_2023.ctp, line 242 include - APP/View/Layouts/aarp_2023.ctp, line 242 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::renderLayout() - CORE/Cake/View/View.php, line 546 View::render() - CORE/Cake/View/View.php, line 481 Controller::render() - CORE/Cake/Controller/Controller.php, line 963 AppController::renderPage() - APP/Controller/AppController.php, line 136 BlogsController::display() - APP/Controller/BlogsController.php, line 81 ReflectionMethod::invokeArgs() - [internal], line ?? Controller::invokeAction() - CORE/Cake/Controller/Controller.php, line 491 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 193 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 118
Warning (2): include() [<a href='http://php.net/function.include'>function.include</a>]: Failed opening '/var/www/vhosts/vcc_staging/app/Resource/aarp2_master.footer.html' for inclusion (include_path='/var/www/vhosts/vcc_staging/lib:.:/usr/share/pear:/usr/share/php') [APP/View/Layouts/aarp_2023.ctp, line 242]Code Context<?php // if (!$nowrapper) (Globals::$language == 'es') ? include(APP . "/Resource/aarpe_footer_es.html") : include(APP . "/Resource/aarpe_footer.html"); ?>
<?php if (!$nowrapper): // MLW - Spanish wrappers TBD
include (APP . "Resource/aarp2_master.footer.html");
$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">A Journey Through Time: The History of Social Security</h1></header> <div class="posted-on"> Posted on 07/02/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great Depression further exposed society's vulnerabilities, with millions of older Americans in poverty and many more at risk of financial ruin. In response, the Social Security Act was signed into law to better ensure a measure of income security for older Americans in retirement.<br><br>Over the subsequent decades, it has matured into a vital source of guaranteed, inflation-adjusted income for millions of retirees who pay in and earn their Social Security through payroll taxes they and their employers contribute throughout their working lives. Social Security also enjoys widespread support across all ages and demographic groups.<br><br>Today, more than one in five Ohioans receive Social Security. Nearly half of those age 65 or older count on Social Security as their largest source of income, and about 25 percent of households rely on Social Security for 90 percent or more of their income.<br><br>With this many people saying Social Security is important to their retirement security, it is instructive to understand how it was created and how it has evolved over time.<br><br>Here's a timeline of significant events in the history of Social Security.<br></p><ul><li><b>Aug. 14, 1935:</b> President Franklin Roosevelt signed the Social Security Act into law.</li><li><b>Aug. 10, 1939: </b>The program was broadened to include benefits for workers’ dependents and survivors.</li><li><b>October 1950: </b>Congress authorized the first cost-of-living adjustment (COLA), an increase of 77 percent.</li><li><b>September 1960: </b>President Eisenhower signed a law amending the disability rules to permit payment of benefits to disabled workers of any age and their dependents.</li><li><b>June 30, 1961: </b>All workers are now allowed to retire early at age 62, albeit at a reduced Social Security benefit. Previously, benefits could not be claimed until the normal retirement age (NRA) of 65.</li><li><b>Oct. 30, 1972: </b>President Nixon signed the Social Security Amendments making the cost-of-living adjustment automatic each year,</li><li><b>April 20, 1983:</b> President Ronald Reagan signed into law sweeping changes to Social Security aimed at addressing the imminent Social Security funding gap. These included moving up scheduled increases in the payroll taxes that fund Social Security, gradually raising the normal retirement age to 67, and making 50 percent of Social Security benefits taxable for recipients with incomes above $25,000 for an individual and $32,000 for married couples filing jointly.</li><li><b>Aug. 10, 1993:</b> President Bill Clinton signed the Omnibus Budget Reconciliation Act, a large deficit reduction package of tax increases and spending cuts that included a provision raising the share of Social Security benefits subject to income tax from 50 percent to 85 percent for beneficiaries with incomes above $34,000 (single) or $44,000 (couple).</li><li><b>May 6, 2024:</b> According to the Social Security Trustees report, Social Security can pay full benefits until 2035. That doesn’t mean Social Security payments would end, but they would be funded only by each year’s payroll tax revenue. The Trustees estimate that would cover about 83 percent of scheduled benefit payments.</li></ul><p>The history of Social Security is a testament to the promise between the government and its citizens. From its humble beginnings during the Great Depression, Social Security has stood the test of time, having never missed a payment, providing a foundation of retirement security to generations of Americans.<br><br>For the latest news, expert advice and answers to the most frequently asked questions, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/retirement/social-security/" target="_blank" rel="noopener noreferrer">AARP Social Security Resource Center.</a></span></span><br><br><b>Related Articles</b><br></p><ul><li><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://states.aarp.org/ohio/five-myths-about-social-security" target="_blank" rel="noopener noreferrer">5 Myths About Social Security</a></span></span></li></ul><p> <br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Ohio. Visit the <a href="https://states.aarp.org/region/ohio/" target="_blank">AARP Ohio</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); font-size: 13px; font-weight: 400; line-height: 1.4; font-style: italic; background: #f0efed } @media only screen and (min-width: 768px) { .VideoEnhancement>* { font-size:14px; font-weight: 400; line-height: 1.47 } } .VideoEnhancement-title { padding: 20px } @media only screen and (min-width: 768px) { .VideoEnhancement-title { padding:30px } } .VideoEnhancement-player>* { position: relative; width: 100%; height: 0; padding-bottom: 56.25% } .VideoEnhancement iframe { border: 0; position: absolute; top: 0; left: 0; width: 100%; height: 100% } [data-video-player] { display: block; padding-bottom: 56.25%; height: 0; margin: 0 auto; } [data-video-player][data-aspect-ratio="4x3"] { padding-bottom: 56.25%; } [data-video-player][data-aspect-ratio="16x9"] { padding-bottom: 56.25% } </style> --></div><div class="module clearfix"><div class="module-spacer tout-homefit-750"> <a data-formelementid="CSN-LOCAL-HC-NEWSSK-02272024" href="/columbus-oh/home-and-community/?intcmp=CSN-LOCAL-HC-NEWSSK-02272024"><img class="img-responsive" alt="Explore the free AARP HomeFit Guide" title="Explore the free AARP HomeFit Guide" src="https://cdn-aarp.americantowns.com/img/touts/HomeFit_750x150.png"></a> </div></div></div> <div class="col-md-4 right-rail thin-rhs"><div class="module clearfix"><!--default--> <!-- module_RHS - AARP Events --> <div class="ar-basic-box module-spacer"> <header> <div class="pull-right"> <a href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS"> <img style="width:30px;" src="https://cdn-aarp.americantowns.com/img/template/icons/aarp_event_icon.png" alt="Upcoming AARP Events" /> </a> </div> <h2 class="visible-lg">AARP Events for Columbus</h2> <h2 class="hidden-lg">AARP Events for Columbus</h2> </header> <div class="wrap"> <div class="ar-listing snippet"> <ul class="list"> <li class="item" data-pageindex="1"> <h3 class="topic">Featured Event</h3> <h2 class="title"><a href="/aarp-event/aarp-oh-the-3bs-of-music-the-beatles-10824-mhnqn2whst2.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-THE-3BS-OF-MUSIC-THE-BEATLES">The 3B’s of Music: The Beatles</a></h2> <p class="time">Tuesday, Oct 8, 2024 at 7:00 p.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-co-virtual-functional-fitness-online-99-10142024-sgnszx3wwws.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-FUNCTIONAL-FITNESS-WITH-BASIC-BODY-MOVEMENTS">Functional Fitness with Basic Body Movements</a></h2> <p class="time">Monday, Oct 7, 2024 at 9:00 a.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-il-yoga-and-meditation-virtual-10724-9mnx6s655lw.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-A-CLASS-IN-YOGA-AND-MEDITATION">A Class in Yoga and Meditation</a></h2> <p class="time">Monday, Oct 7, 2024 at 11:00 a.m. ET</p> <p class="venue">Facebook and YouTube</p> <p class="loc">Online Event</p> </li> </ul> <p><a class="link-red" href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS">View All AARP Events<i class="ml-1 fas fa-chevron-right"></i></a></p> </div> </div> </div> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_53475" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_53475', size:'300x250'}); } </script> </div> </div> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </style> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_93505" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_93505', size:'300x250'}); } </script> </div> </div> <div class="module-spacer text-center"> <div class="fb-page" alt="Image of AARP Ohio Facebook Page" title="Image of AARP Ohio Facebook Page" data-href="https://www.facebook.com/AARPOH" data-tabs="timeline" width="320" height="" data-small-header="false" data-adapt-container-width="true" data-hide-cover="false" data-show-facepile="true" lazy="true"> <blockquote cite="https://www.facebook.com/AARPOH" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/AARPOH">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Columbus</h2> </header> <div class="wrap"> <div class="ar-quick-list module-spacer"> <ul class="list-unstyled"> <li><i class="list-icon fa fa-envelope" alt="Email icon" title="Email icon" aria-hidden="true"></i><a href="mailto:OHAARP@aarp.org" target="_blank" rel="noopener">OHAARP@aarp.org</a></li> <li><i class="list-icon fa fa-globe" alt="Globe icon" title="Globe icon" aria-hidden="true"></i><a href="https://states.aarp.org/region/ohio/" target="_blank" rel="noopener">AARP Ohio</a></li> <li><i class="list-icon fa fa-map-marker" alt="Map Marker icon" title="Map Marker icon" aria-hidden="true"></i><a href="https://states.aarp.org/aarp-ohio-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-COLUMBUS-OH" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/AARPOH" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/aarpohio" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> </div> </div> </div></div> <div class="col-md-8 left-rail left-bot"></div> <div class="col-md-4 right-rail right-bot thin-rhs"></div> </div> <div class="row oneColumnLayout"> </div> <div class="row oneColumnLayout"> <div class="col-md-12"><!-- script to activate navbar --> <script type="text/javascript"> jQuery(".channelBarMain ul.left li a").click(function() { window.location = jQuery(this).attr('href'); }); </script> </div> </div> ', 'scripts_for_layout' => '<title>A Journey Through Time: The History of Social Security</title> <meta name="page_title" content="A Journey Through Time: The History of Social Security"/> <meta name="robots" content="noindex, nofollow"/> <meta content="In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great" name="description"/> <meta content="Journey, Through, Time, History, of, Social, Security" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/ohio/history-of-social-security" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/a-journey-through-time-the-history-of-social-security-oh-2024-07-02.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="A Journey Through Time: The History of Social Security"/> <meta name="twitter:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="A Journey Through Time: The History of Social Security"/> <meta property="og:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }', 'title_for_layout' => '{local_city_c}, {local_state} Happenings - AARP' ) $content_for_layout = '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">A Journey Through Time: The History of Social Security</h1></header> <div class="posted-on"> Posted on 07/02/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great Depression further exposed society's vulnerabilities, with millions of older Americans in poverty and many more at risk of financial ruin. In response, the Social Security Act was signed into law to better ensure a measure of income security for older Americans in retirement.<br><br>Over the subsequent decades, it has matured into a vital source of guaranteed, inflation-adjusted income for millions of retirees who pay in and earn their Social Security through payroll taxes they and their employers contribute throughout their working lives. Social Security also enjoys widespread support across all ages and demographic groups.<br><br>Today, more than one in five Ohioans receive Social Security. Nearly half of those age 65 or older count on Social Security as their largest source of income, and about 25 percent of households rely on Social Security for 90 percent or more of their income.<br><br>With this many people saying Social Security is important to their retirement security, it is instructive to understand how it was created and how it has evolved over time.<br><br>Here's a timeline of significant events in the history of Social Security.<br></p><ul><li><b>Aug. 14, 1935:</b> President Franklin Roosevelt signed the Social Security Act into law.</li><li><b>Aug. 10, 1939: </b>The program was broadened to include benefits for workers’ dependents and survivors.</li><li><b>October 1950: </b>Congress authorized the first cost-of-living adjustment (COLA), an increase of 77 percent.</li><li><b>September 1960: </b>President Eisenhower signed a law amending the disability rules to permit payment of benefits to disabled workers of any age and their dependents.</li><li><b>June 30, 1961: </b>All workers are now allowed to retire early at age 62, albeit at a reduced Social Security benefit. Previously, benefits could not be claimed until the normal retirement age (NRA) of 65.</li><li><b>Oct. 30, 1972: </b>President Nixon signed the Social Security Amendments making the cost-of-living adjustment automatic each year,</li><li><b>April 20, 1983:</b> President Ronald Reagan signed into law sweeping changes to Social Security aimed at addressing the imminent Social Security funding gap. These included moving up scheduled increases in the payroll taxes that fund Social Security, gradually raising the normal retirement age to 67, and making 50 percent of Social Security benefits taxable for recipients with incomes above $25,000 for an individual and $32,000 for married couples filing jointly.</li><li><b>Aug. 10, 1993:</b> President Bill Clinton signed the Omnibus Budget Reconciliation Act, a large deficit reduction package of tax increases and spending cuts that included a provision raising the share of Social Security benefits subject to income tax from 50 percent to 85 percent for beneficiaries with incomes above $34,000 (single) or $44,000 (couple).</li><li><b>May 6, 2024:</b> According to the Social Security Trustees report, Social Security can pay full benefits until 2035. That doesn’t mean Social Security payments would end, but they would be funded only by each year’s payroll tax revenue. The Trustees estimate that would cover about 83 percent of scheduled benefit payments.</li></ul><p>The history of Social Security is a testament to the promise between the government and its citizens. From its humble beginnings during the Great Depression, Social Security has stood the test of time, having never missed a payment, providing a foundation of retirement security to generations of Americans.<br><br>For the latest news, expert advice and answers to the most frequently asked questions, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/retirement/social-security/" target="_blank" rel="noopener noreferrer">AARP Social Security Resource Center.</a></span></span><br><br><b>Related Articles</b><br></p><ul><li><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://states.aarp.org/ohio/five-myths-about-social-security" target="_blank" rel="noopener noreferrer">5 Myths About Social Security</a></span></span></li></ul><p> <br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Ohio. Visit the <a href="https://states.aarp.org/region/ohio/" target="_blank">AARP Ohio</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); font-size: 13px; font-weight: 400; line-height: 1.4; font-style: italic; background: #f0efed } @media only screen and (min-width: 768px) { .VideoEnhancement>* { font-size:14px; font-weight: 400; line-height: 1.47 } } .VideoEnhancement-title { padding: 20px } @media only screen and (min-width: 768px) { .VideoEnhancement-title { padding:30px } } .VideoEnhancement-player>* { position: relative; width: 100%; height: 0; padding-bottom: 56.25% } .VideoEnhancement iframe { border: 0; position: absolute; top: 0; left: 0; width: 100%; height: 100% } [data-video-player] { display: block; padding-bottom: 56.25%; height: 0; margin: 0 auto; } [data-video-player][data-aspect-ratio="4x3"] { padding-bottom: 56.25%; } [data-video-player][data-aspect-ratio="16x9"] { padding-bottom: 56.25% } </style> --></div><div class="module clearfix"><div class="module-spacer tout-homefit-750"> <a data-formelementid="CSN-LOCAL-HC-NEWSSK-02272024" href="/columbus-oh/home-and-community/?intcmp=CSN-LOCAL-HC-NEWSSK-02272024"><img class="img-responsive" alt="Explore the free AARP HomeFit Guide" title="Explore the free AARP HomeFit Guide" src="https://cdn-aarp.americantowns.com/img/touts/HomeFit_750x150.png"></a> </div></div></div> <div class="col-md-4 right-rail thin-rhs"><div class="module clearfix"><!--default--> <!-- module_RHS - AARP Events --> <div class="ar-basic-box module-spacer"> <header> <div class="pull-right"> <a href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS"> <img style="width:30px;" src="https://cdn-aarp.americantowns.com/img/template/icons/aarp_event_icon.png" alt="Upcoming AARP Events" /> </a> </div> <h2 class="visible-lg">AARP Events for Columbus</h2> <h2 class="hidden-lg">AARP Events for Columbus</h2> </header> <div class="wrap"> <div class="ar-listing snippet"> <ul class="list"> <li class="item" data-pageindex="1"> <h3 class="topic">Featured Event</h3> <h2 class="title"><a href="/aarp-event/aarp-oh-the-3bs-of-music-the-beatles-10824-mhnqn2whst2.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-THE-3BS-OF-MUSIC-THE-BEATLES">The 3B’s of Music: The Beatles</a></h2> <p class="time">Tuesday, Oct 8, 2024 at 7:00 p.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-co-virtual-functional-fitness-online-99-10142024-sgnszx3wwws.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-FUNCTIONAL-FITNESS-WITH-BASIC-BODY-MOVEMENTS">Functional Fitness with Basic Body Movements</a></h2> <p class="time">Monday, Oct 7, 2024 at 9:00 a.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-il-yoga-and-meditation-virtual-10724-9mnx6s655lw.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-A-CLASS-IN-YOGA-AND-MEDITATION">A Class in Yoga and Meditation</a></h2> <p class="time">Monday, Oct 7, 2024 at 11:00 a.m. ET</p> <p class="venue">Facebook and YouTube</p> <p class="loc">Online Event</p> </li> </ul> <p><a class="link-red" href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS">View All AARP Events<i class="ml-1 fas fa-chevron-right"></i></a></p> </div> </div> </div> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_53475" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_53475', size:'300x250'}); } </script> </div> </div> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </style> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_93505" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_93505', size:'300x250'}); } </script> </div> </div> <div class="module-spacer text-center"> <div class="fb-page" alt="Image of AARP Ohio Facebook Page" title="Image of AARP Ohio Facebook Page" data-href="https://www.facebook.com/AARPOH" data-tabs="timeline" width="320" height="" data-small-header="false" data-adapt-container-width="true" data-hide-cover="false" data-show-facepile="true" lazy="true"> <blockquote cite="https://www.facebook.com/AARPOH" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/AARPOH">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Columbus</h2> </header> <div class="wrap"> <div class="ar-quick-list module-spacer"> <ul class="list-unstyled"> <li><i class="list-icon fa fa-envelope" alt="Email icon" title="Email icon" aria-hidden="true"></i><a href="mailto:OHAARP@aarp.org" target="_blank" rel="noopener">OHAARP@aarp.org</a></li> <li><i class="list-icon fa fa-globe" alt="Globe icon" title="Globe icon" aria-hidden="true"></i><a href="https://states.aarp.org/region/ohio/" target="_blank" rel="noopener">AARP Ohio</a></li> <li><i class="list-icon fa fa-map-marker" alt="Map Marker icon" title="Map Marker icon" aria-hidden="true"></i><a href="https://states.aarp.org/aarp-ohio-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-COLUMBUS-OH" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/AARPOH" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/aarpohio" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> </div> </div> </div></div> <div class="col-md-8 left-rail left-bot"></div> <div class="col-md-4 right-rail right-bot thin-rhs"></div> </div> <div class="row oneColumnLayout"> </div> <div class="row oneColumnLayout"> <div class="col-md-12"><!-- script to activate navbar --> <script type="text/javascript"> jQuery(".channelBarMain ul.left li a").click(function() { window.location = jQuery(this).attr('href'); }); </script> </div> </div> ' $scripts_for_layout = '<title>A Journey Through Time: The History of Social Security</title> <meta name="page_title" content="A Journey Through Time: The History of Social Security"/> <meta name="robots" content="noindex, nofollow"/> <meta content="In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great" name="description"/> <meta content="Journey, Through, Time, History, of, Social, Security" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/ohio/history-of-social-security" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/a-journey-through-time-the-history-of-social-security-oh-2024-07-02.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="A Journey Through Time: The History of Social Security"/> <meta name="twitter:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="A Journey Through Time: The History of Social Security"/> <meta property="og:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }' $title_for_layout = '{local_city_c}, {local_state} Happenings - AARP' $asset_version = '230831' $min = true $nowrapper = false $css = ' :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }' $highlighting = '' $location = '<a href="/columbus-oh/?intcmp=CSN-LOCAL-NAV-HOME">Columbus, OH</a>' $no_header = false $header_title = '<a href="/columbus-oh/happenings/">News Feed</a>' $header_subtitle = '' $isPR = false $navbar = '<nav class="section" role="button" aria-expanded="false" aria-controls="collapse"> <div class="section-toggle">Sections <i class="fas fa-chevron-down"></i></div> <ul class="secondary-menu" id="secondary-menu" role="menu" aria-busy="true"> <li role="presentation" class=""><a role="menuitem" class="menuitem" href="/columbus-oh/aarp-events/?intcmp=CSN-LOCAL-NAV-OLE" data-formelementid="LOCAL-LNK-CLK-EVENTS">Online & Local Events</a> </li> <li role="presentation" class=""><a role="menuitem" class="menuitem" href="/columbus-oh/things-to-do/?intcmp=CSN-LOCAL-NAV-TTD" data-formelementid="LOCAL-LNK-CLK-THINGSTODO">Things to Do</a></li> <li role="presentation" class="active"><a role="menuitem" class="menuitem" href="/columbus-oh/happenings/?intcmp=CSN-LOCAL-NAV-NF" data-formelementid="LOCAL-LNK-CLK-HAPPENINGS">News Feed</a> </li> <li role="presentation" class=""><a role="menuitem" class="menuitem" href="/columbus-oh/volunteering/?intcmp=CSN-LOCAL-NAV-VOL" data-formelementid="LOCAL-LNK-CLK-VOLUNTEERING">Volunteering</a> </li> <li role="presentation" class=""><a role="menuitem" class="menuitem" href="/columbus-oh/home-and-community/?intcmp=CSN-LOCAL-NAV-HC" data-formelementid="LOCAL-LNK-CLK-HC">Home & Community</a> </li> <li role="presentation" class=""><a role="menuitem" class="menuitem" href="/columbus-oh/movies/?intcmp=CSN-LOCAL-NAV-MFG" data-formelementid="LOCAL-LNK-CLK-MOVIESFORGROWNUPS">Movies for Grownups</a> </li> <li role="presentation" class="more nosep " id="submenu-more"> <span role="menuitem" class="menuitem" data-formelementid="LOCAL-LNK-CLK-MORE">More<i class="fas fa-chevron-down"></i></span> <ul class="secondary-submenu animate slide-in" id="secondary-submenu"> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/discounts/?intcmp=CSN-LOCAL-NAV-LO" data-formelementid="LOCAL-LNK-CLK-OFFERS">Local Offers</a></li> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/local-resources/?intcmp=CSN-LOCAL-NAV-LR" data-formelementid="LOCAL-LNK-CLK-LOCALRESOURCES">Local Resources</a> </li> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/jobs/?intcmp=CSN-LOCAL-NAV-WJ" data-formelementid="LOCAL-LNK-CLK-WORK&JOBS">Work & Jobs</a></li> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/events/?intcmp=CSN-LOCAL-NAV-CC" data-formelementid="LOCAL-LNK-CLK-EVENTS">Community Calendar</a></li> <!-- <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/healthy-living/?intcmp=CSN-LOCAL-NAV-HEALTHY_LIVING" data-formelementid="LOCAL-LNK-CLK-HEALTHY_LIVING">Healthy Living</a></li> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/arts-entertainment/?intcmp=CSN-LOCAL-NAV-ARTS_ENT" data-formelementid="LOCAL-LNK-CLK-ARTS_ENT">Arts & Entertainment</a></li> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/museums/?intcmp=CSN-LOCAL-NAV-MUSEUMS" data-formelementid="LOCAL-LNK-CLK-MUSEUMS">Museums</a></li> --> </ul> </li> </ul> </nav>' $header_custom = '' $breadcrumbs = array( (int) 0 => array( 'title' => 'News Feed', 'slug' => 'happenings' ) ) $row = array( 'title' => 'Back to News Feed', 'slug' => 'happenings' ) $i = (int) 0include - APP/View/Layouts/aarp_2023.ctp, line 242 include - APP/View/Layouts/aarp_2023.ctp, line 242 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::renderLayout() - CORE/Cake/View/View.php, line 546 View::render() - CORE/Cake/View/View.php, line 481 Controller::render() - CORE/Cake/Controller/Controller.php, line 963 AppController::renderPage() - APP/Controller/AppController.php, line 136 BlogsController::display() - APP/Controller/BlogsController.php, line 81 ReflectionMethod::invokeArgs() - [internal], line ?? Controller::invokeAction() - CORE/Cake/Controller/Controller.php, line 491 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 193 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 118
Warning (2): include(/var/www/vhosts/vcc_staging/app/Resource/aarp2_master.bodyTargeting.html) [<a href='http://php.net/function.include'>function.include</a>]: failed to open stream: No such file or directory [APP/View/Layouts/aarp_2023.ctp, line 243]Code Context<?php if (!$nowrapper): // MLW - Spanish wrappers TBD
include (APP . "Resource/aarp2_master.footer.html");
include (APP . "Resource/aarp2_master.bodyTargeting.html");
$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">A Journey Through Time: The History of Social Security</h1></header> <div class="posted-on"> Posted on 07/02/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great Depression further exposed society's vulnerabilities, with millions of older Americans in poverty and many more at risk of financial ruin. In response, the Social Security Act was signed into law to better ensure a measure of income security for older Americans in retirement.<br><br>Over the subsequent decades, it has matured into a vital source of guaranteed, inflation-adjusted income for millions of retirees who pay in and earn their Social Security through payroll taxes they and their employers contribute throughout their working lives. Social Security also enjoys widespread support across all ages and demographic groups.<br><br>Today, more than one in five Ohioans receive Social Security. Nearly half of those age 65 or older count on Social Security as their largest source of income, and about 25 percent of households rely on Social Security for 90 percent or more of their income.<br><br>With this many people saying Social Security is important to their retirement security, it is instructive to understand how it was created and how it has evolved over time.<br><br>Here's a timeline of significant events in the history of Social Security.<br></p><ul><li><b>Aug. 14, 1935:</b> President Franklin Roosevelt signed the Social Security Act into law.</li><li><b>Aug. 10, 1939: </b>The program was broadened to include benefits for workers’ dependents and survivors.</li><li><b>October 1950: </b>Congress authorized the first cost-of-living adjustment (COLA), an increase of 77 percent.</li><li><b>September 1960: </b>President Eisenhower signed a law amending the disability rules to permit payment of benefits to disabled workers of any age and their dependents.</li><li><b>June 30, 1961: </b>All workers are now allowed to retire early at age 62, albeit at a reduced Social Security benefit. Previously, benefits could not be claimed until the normal retirement age (NRA) of 65.</li><li><b>Oct. 30, 1972: </b>President Nixon signed the Social Security Amendments making the cost-of-living adjustment automatic each year,</li><li><b>April 20, 1983:</b> President Ronald Reagan signed into law sweeping changes to Social Security aimed at addressing the imminent Social Security funding gap. These included moving up scheduled increases in the payroll taxes that fund Social Security, gradually raising the normal retirement age to 67, and making 50 percent of Social Security benefits taxable for recipients with incomes above $25,000 for an individual and $32,000 for married couples filing jointly.</li><li><b>Aug. 10, 1993:</b> President Bill Clinton signed the Omnibus Budget Reconciliation Act, a large deficit reduction package of tax increases and spending cuts that included a provision raising the share of Social Security benefits subject to income tax from 50 percent to 85 percent for beneficiaries with incomes above $34,000 (single) or $44,000 (couple).</li><li><b>May 6, 2024:</b> According to the Social Security Trustees report, Social Security can pay full benefits until 2035. That doesn’t mean Social Security payments would end, but they would be funded only by each year’s payroll tax revenue. The Trustees estimate that would cover about 83 percent of scheduled benefit payments.</li></ul><p>The history of Social Security is a testament to the promise between the government and its citizens. From its humble beginnings during the Great Depression, Social Security has stood the test of time, having never missed a payment, providing a foundation of retirement security to generations of Americans.<br><br>For the latest news, expert advice and answers to the most frequently asked questions, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/retirement/social-security/" target="_blank" rel="noopener noreferrer">AARP Social Security Resource Center.</a></span></span><br><br><b>Related Articles</b><br></p><ul><li><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://states.aarp.org/ohio/five-myths-about-social-security" target="_blank" rel="noopener noreferrer">5 Myths About Social Security</a></span></span></li></ul><p> <br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Ohio. Visit the <a href="https://states.aarp.org/region/ohio/" target="_blank">AARP Ohio</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); font-size: 13px; font-weight: 400; line-height: 1.4; font-style: italic; background: #f0efed } @media only screen and (min-width: 768px) { .VideoEnhancement>* { font-size:14px; font-weight: 400; line-height: 1.47 } } .VideoEnhancement-title { padding: 20px } @media only screen and (min-width: 768px) { .VideoEnhancement-title { padding:30px } } .VideoEnhancement-player>* { position: relative; width: 100%; height: 0; padding-bottom: 56.25% } .VideoEnhancement iframe { border: 0; position: absolute; top: 0; left: 0; width: 100%; height: 100% } [data-video-player] { display: block; padding-bottom: 56.25%; height: 0; margin: 0 auto; } [data-video-player][data-aspect-ratio="4x3"] { padding-bottom: 56.25%; } [data-video-player][data-aspect-ratio="16x9"] { padding-bottom: 56.25% } </style> --></div><div class="module clearfix"><div class="module-spacer tout-homefit-750"> <a data-formelementid="CSN-LOCAL-HC-NEWSSK-02272024" href="/columbus-oh/home-and-community/?intcmp=CSN-LOCAL-HC-NEWSSK-02272024"><img class="img-responsive" alt="Explore the free AARP HomeFit Guide" title="Explore the free AARP HomeFit Guide" src="https://cdn-aarp.americantowns.com/img/touts/HomeFit_750x150.png"></a> </div></div></div> <div class="col-md-4 right-rail thin-rhs"><div class="module clearfix"><!--default--> <!-- module_RHS - AARP Events --> <div class="ar-basic-box module-spacer"> <header> <div class="pull-right"> <a href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS"> <img style="width:30px;" src="https://cdn-aarp.americantowns.com/img/template/icons/aarp_event_icon.png" alt="Upcoming AARP Events" /> </a> </div> <h2 class="visible-lg">AARP Events for Columbus</h2> <h2 class="hidden-lg">AARP Events for Columbus</h2> </header> <div class="wrap"> <div class="ar-listing snippet"> <ul class="list"> <li class="item" data-pageindex="1"> <h3 class="topic">Featured Event</h3> <h2 class="title"><a href="/aarp-event/aarp-oh-the-3bs-of-music-the-beatles-10824-mhnqn2whst2.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-THE-3BS-OF-MUSIC-THE-BEATLES">The 3B’s of Music: The Beatles</a></h2> <p class="time">Tuesday, Oct 8, 2024 at 7:00 p.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-co-virtual-functional-fitness-online-99-10142024-sgnszx3wwws.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-FUNCTIONAL-FITNESS-WITH-BASIC-BODY-MOVEMENTS">Functional Fitness with Basic Body Movements</a></h2> <p class="time">Monday, Oct 7, 2024 at 9:00 a.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-il-yoga-and-meditation-virtual-10724-9mnx6s655lw.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-A-CLASS-IN-YOGA-AND-MEDITATION">A Class in Yoga and Meditation</a></h2> <p class="time">Monday, Oct 7, 2024 at 11:00 a.m. ET</p> <p class="venue">Facebook and YouTube</p> <p class="loc">Online Event</p> </li> </ul> <p><a class="link-red" href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS">View All AARP Events<i class="ml-1 fas fa-chevron-right"></i></a></p> </div> </div> </div> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_53475" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_53475', size:'300x250'}); } </script> </div> </div> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </style> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_93505" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_93505', size:'300x250'}); } </script> </div> </div> <div class="module-spacer text-center"> <div class="fb-page" alt="Image of AARP Ohio Facebook Page" title="Image of AARP Ohio Facebook Page" data-href="https://www.facebook.com/AARPOH" data-tabs="timeline" width="320" height="" data-small-header="false" data-adapt-container-width="true" data-hide-cover="false" data-show-facepile="true" lazy="true"> <blockquote cite="https://www.facebook.com/AARPOH" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/AARPOH">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Columbus</h2> </header> <div class="wrap"> <div class="ar-quick-list module-spacer"> <ul class="list-unstyled"> <li><i class="list-icon fa fa-envelope" alt="Email icon" title="Email icon" aria-hidden="true"></i><a href="mailto:OHAARP@aarp.org" target="_blank" rel="noopener">OHAARP@aarp.org</a></li> <li><i class="list-icon fa fa-globe" alt="Globe icon" title="Globe icon" aria-hidden="true"></i><a href="https://states.aarp.org/region/ohio/" target="_blank" rel="noopener">AARP Ohio</a></li> <li><i class="list-icon fa fa-map-marker" alt="Map Marker icon" title="Map Marker icon" aria-hidden="true"></i><a href="https://states.aarp.org/aarp-ohio-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-COLUMBUS-OH" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/AARPOH" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/aarpohio" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> </div> </div> </div></div> <div class="col-md-8 left-rail left-bot"></div> <div class="col-md-4 right-rail right-bot thin-rhs"></div> </div> <div class="row oneColumnLayout"> </div> <div class="row oneColumnLayout"> <div class="col-md-12"><!-- script to activate navbar --> <script type="text/javascript"> jQuery(".channelBarMain ul.left li a").click(function() { window.location = jQuery(this).attr('href'); }); </script> </div> </div> ', 'scripts_for_layout' => '<title>A Journey Through Time: The History of Social Security</title> <meta name="page_title" content="A Journey Through Time: The History of Social Security"/> <meta name="robots" content="noindex, nofollow"/> <meta content="In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great" name="description"/> <meta content="Journey, Through, Time, History, of, Social, Security" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/ohio/history-of-social-security" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/a-journey-through-time-the-history-of-social-security-oh-2024-07-02.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="A Journey Through Time: The History of Social Security"/> <meta name="twitter:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="A Journey Through Time: The History of Social Security"/> <meta property="og:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }', 'title_for_layout' => '{local_city_c}, {local_state} Happenings - AARP' ) $content_for_layout = '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">A Journey Through Time: The History of Social Security</h1></header> <div class="posted-on"> Posted on 07/02/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great Depression further exposed society's vulnerabilities, with millions of older Americans in poverty and many more at risk of financial ruin. In response, the Social Security Act was signed into law to better ensure a measure of income security for older Americans in retirement.<br><br>Over the subsequent decades, it has matured into a vital source of guaranteed, inflation-adjusted income for millions of retirees who pay in and earn their Social Security through payroll taxes they and their employers contribute throughout their working lives. Social Security also enjoys widespread support across all ages and demographic groups.<br><br>Today, more than one in five Ohioans receive Social Security. Nearly half of those age 65 or older count on Social Security as their largest source of income, and about 25 percent of households rely on Social Security for 90 percent or more of their income.<br><br>With this many people saying Social Security is important to their retirement security, it is instructive to understand how it was created and how it has evolved over time.<br><br>Here's a timeline of significant events in the history of Social Security.<br></p><ul><li><b>Aug. 14, 1935:</b> President Franklin Roosevelt signed the Social Security Act into law.</li><li><b>Aug. 10, 1939: </b>The program was broadened to include benefits for workers’ dependents and survivors.</li><li><b>October 1950: </b>Congress authorized the first cost-of-living adjustment (COLA), an increase of 77 percent.</li><li><b>September 1960: </b>President Eisenhower signed a law amending the disability rules to permit payment of benefits to disabled workers of any age and their dependents.</li><li><b>June 30, 1961: </b>All workers are now allowed to retire early at age 62, albeit at a reduced Social Security benefit. Previously, benefits could not be claimed until the normal retirement age (NRA) of 65.</li><li><b>Oct. 30, 1972: </b>President Nixon signed the Social Security Amendments making the cost-of-living adjustment automatic each year,</li><li><b>April 20, 1983:</b> President Ronald Reagan signed into law sweeping changes to Social Security aimed at addressing the imminent Social Security funding gap. These included moving up scheduled increases in the payroll taxes that fund Social Security, gradually raising the normal retirement age to 67, and making 50 percent of Social Security benefits taxable for recipients with incomes above $25,000 for an individual and $32,000 for married couples filing jointly.</li><li><b>Aug. 10, 1993:</b> President Bill Clinton signed the Omnibus Budget Reconciliation Act, a large deficit reduction package of tax increases and spending cuts that included a provision raising the share of Social Security benefits subject to income tax from 50 percent to 85 percent for beneficiaries with incomes above $34,000 (single) or $44,000 (couple).</li><li><b>May 6, 2024:</b> According to the Social Security Trustees report, Social Security can pay full benefits until 2035. That doesn’t mean Social Security payments would end, but they would be funded only by each year’s payroll tax revenue. The Trustees estimate that would cover about 83 percent of scheduled benefit payments.</li></ul><p>The history of Social Security is a testament to the promise between the government and its citizens. From its humble beginnings during the Great Depression, Social Security has stood the test of time, having never missed a payment, providing a foundation of retirement security to generations of Americans.<br><br>For the latest news, expert advice and answers to the most frequently asked questions, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/retirement/social-security/" target="_blank" rel="noopener noreferrer">AARP Social Security Resource Center.</a></span></span><br><br><b>Related Articles</b><br></p><ul><li><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://states.aarp.org/ohio/five-myths-about-social-security" target="_blank" rel="noopener noreferrer">5 Myths About Social Security</a></span></span></li></ul><p> <br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Ohio. Visit the <a href="https://states.aarp.org/region/ohio/" target="_blank">AARP Ohio</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); font-size: 13px; font-weight: 400; line-height: 1.4; font-style: italic; background: #f0efed } @media only screen and (min-width: 768px) { .VideoEnhancement>* { font-size:14px; font-weight: 400; line-height: 1.47 } } .VideoEnhancement-title { padding: 20px } @media only screen and (min-width: 768px) { .VideoEnhancement-title { padding:30px } } .VideoEnhancement-player>* { position: relative; width: 100%; height: 0; padding-bottom: 56.25% } .VideoEnhancement iframe { border: 0; position: absolute; top: 0; left: 0; width: 100%; height: 100% } [data-video-player] { display: block; padding-bottom: 56.25%; height: 0; margin: 0 auto; } [data-video-player][data-aspect-ratio="4x3"] { padding-bottom: 56.25%; } [data-video-player][data-aspect-ratio="16x9"] { padding-bottom: 56.25% } </style> --></div><div class="module clearfix"><div class="module-spacer tout-homefit-750"> <a data-formelementid="CSN-LOCAL-HC-NEWSSK-02272024" href="/columbus-oh/home-and-community/?intcmp=CSN-LOCAL-HC-NEWSSK-02272024"><img class="img-responsive" alt="Explore the free AARP HomeFit Guide" title="Explore the free AARP HomeFit Guide" src="https://cdn-aarp.americantowns.com/img/touts/HomeFit_750x150.png"></a> </div></div></div> <div class="col-md-4 right-rail thin-rhs"><div class="module clearfix"><!--default--> <!-- module_RHS - AARP Events --> <div class="ar-basic-box module-spacer"> <header> <div class="pull-right"> <a href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS"> <img style="width:30px;" src="https://cdn-aarp.americantowns.com/img/template/icons/aarp_event_icon.png" alt="Upcoming AARP Events" /> </a> </div> <h2 class="visible-lg">AARP Events for Columbus</h2> <h2 class="hidden-lg">AARP Events for Columbus</h2> </header> <div class="wrap"> <div class="ar-listing snippet"> <ul class="list"> <li class="item" data-pageindex="1"> <h3 class="topic">Featured Event</h3> <h2 class="title"><a href="/aarp-event/aarp-oh-the-3bs-of-music-the-beatles-10824-mhnqn2whst2.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-THE-3BS-OF-MUSIC-THE-BEATLES">The 3B’s of Music: The Beatles</a></h2> <p class="time">Tuesday, Oct 8, 2024 at 7:00 p.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-co-virtual-functional-fitness-online-99-10142024-sgnszx3wwws.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-FUNCTIONAL-FITNESS-WITH-BASIC-BODY-MOVEMENTS">Functional Fitness with Basic Body Movements</a></h2> <p class="time">Monday, Oct 7, 2024 at 9:00 a.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-il-yoga-and-meditation-virtual-10724-9mnx6s655lw.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-A-CLASS-IN-YOGA-AND-MEDITATION">A Class in Yoga and Meditation</a></h2> <p class="time">Monday, Oct 7, 2024 at 11:00 a.m. ET</p> <p class="venue">Facebook and YouTube</p> <p class="loc">Online Event</p> </li> </ul> <p><a class="link-red" href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS">View All AARP Events<i class="ml-1 fas fa-chevron-right"></i></a></p> </div> </div> </div> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_53475" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_53475', size:'300x250'}); } </script> </div> </div> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </style> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_93505" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_93505', size:'300x250'}); } </script> </div> </div> <div class="module-spacer text-center"> <div class="fb-page" alt="Image of AARP Ohio Facebook Page" title="Image of AARP Ohio Facebook Page" data-href="https://www.facebook.com/AARPOH" data-tabs="timeline" width="320" height="" data-small-header="false" data-adapt-container-width="true" data-hide-cover="false" data-show-facepile="true" lazy="true"> <blockquote cite="https://www.facebook.com/AARPOH" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/AARPOH">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Columbus</h2> </header> <div class="wrap"> <div class="ar-quick-list module-spacer"> <ul class="list-unstyled"> <li><i class="list-icon fa fa-envelope" alt="Email icon" title="Email icon" aria-hidden="true"></i><a href="mailto:OHAARP@aarp.org" target="_blank" rel="noopener">OHAARP@aarp.org</a></li> <li><i class="list-icon fa fa-globe" alt="Globe icon" title="Globe icon" aria-hidden="true"></i><a href="https://states.aarp.org/region/ohio/" target="_blank" rel="noopener">AARP Ohio</a></li> <li><i class="list-icon fa fa-map-marker" alt="Map Marker icon" title="Map Marker icon" aria-hidden="true"></i><a href="https://states.aarp.org/aarp-ohio-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-COLUMBUS-OH" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/AARPOH" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/aarpohio" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> </div> </div> </div></div> <div class="col-md-8 left-rail left-bot"></div> <div class="col-md-4 right-rail right-bot thin-rhs"></div> </div> <div class="row oneColumnLayout"> </div> <div class="row oneColumnLayout"> <div class="col-md-12"><!-- script to activate navbar --> <script type="text/javascript"> jQuery(".channelBarMain ul.left li a").click(function() { window.location = jQuery(this).attr('href'); }); </script> </div> </div> ' $scripts_for_layout = '<title>A Journey Through Time: The History of Social Security</title> <meta name="page_title" content="A Journey Through Time: The History of Social Security"/> <meta name="robots" content="noindex, nofollow"/> <meta content="In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great" name="description"/> <meta content="Journey, Through, Time, History, of, Social, Security" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/ohio/history-of-social-security" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/a-journey-through-time-the-history-of-social-security-oh-2024-07-02.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="A Journey Through Time: The History of Social Security"/> <meta name="twitter:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="A Journey Through Time: The History of Social Security"/> <meta property="og:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }' $title_for_layout = '{local_city_c}, {local_state} Happenings - AARP' $asset_version = '230831' $min = true $nowrapper = false $css = ' :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }' $highlighting = '' $location = '<a href="/columbus-oh/?intcmp=CSN-LOCAL-NAV-HOME">Columbus, OH</a>' $no_header = false $header_title = '<a href="/columbus-oh/happenings/">News Feed</a>' $header_subtitle = '' $isPR = false $navbar = '<nav class="section" role="button" aria-expanded="false" aria-controls="collapse"> <div class="section-toggle">Sections <i class="fas fa-chevron-down"></i></div> <ul class="secondary-menu" id="secondary-menu" role="menu" aria-busy="true"> <li role="presentation" class=""><a role="menuitem" class="menuitem" href="/columbus-oh/aarp-events/?intcmp=CSN-LOCAL-NAV-OLE" data-formelementid="LOCAL-LNK-CLK-EVENTS">Online & Local Events</a> </li> <li role="presentation" class=""><a role="menuitem" class="menuitem" href="/columbus-oh/things-to-do/?intcmp=CSN-LOCAL-NAV-TTD" data-formelementid="LOCAL-LNK-CLK-THINGSTODO">Things to Do</a></li> <li role="presentation" class="active"><a role="menuitem" class="menuitem" href="/columbus-oh/happenings/?intcmp=CSN-LOCAL-NAV-NF" data-formelementid="LOCAL-LNK-CLK-HAPPENINGS">News Feed</a> </li> <li role="presentation" class=""><a role="menuitem" class="menuitem" href="/columbus-oh/volunteering/?intcmp=CSN-LOCAL-NAV-VOL" data-formelementid="LOCAL-LNK-CLK-VOLUNTEERING">Volunteering</a> </li> <li role="presentation" class=""><a role="menuitem" class="menuitem" href="/columbus-oh/home-and-community/?intcmp=CSN-LOCAL-NAV-HC" data-formelementid="LOCAL-LNK-CLK-HC">Home & Community</a> </li> <li role="presentation" class=""><a role="menuitem" class="menuitem" href="/columbus-oh/movies/?intcmp=CSN-LOCAL-NAV-MFG" data-formelementid="LOCAL-LNK-CLK-MOVIESFORGROWNUPS">Movies for Grownups</a> </li> <li role="presentation" class="more nosep " id="submenu-more"> <span role="menuitem" class="menuitem" data-formelementid="LOCAL-LNK-CLK-MORE">More<i class="fas fa-chevron-down"></i></span> <ul class="secondary-submenu animate slide-in" id="secondary-submenu"> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/discounts/?intcmp=CSN-LOCAL-NAV-LO" data-formelementid="LOCAL-LNK-CLK-OFFERS">Local Offers</a></li> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/local-resources/?intcmp=CSN-LOCAL-NAV-LR" data-formelementid="LOCAL-LNK-CLK-LOCALRESOURCES">Local Resources</a> </li> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/jobs/?intcmp=CSN-LOCAL-NAV-WJ" data-formelementid="LOCAL-LNK-CLK-WORK&JOBS">Work & Jobs</a></li> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/events/?intcmp=CSN-LOCAL-NAV-CC" data-formelementid="LOCAL-LNK-CLK-EVENTS">Community Calendar</a></li> <!-- <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/healthy-living/?intcmp=CSN-LOCAL-NAV-HEALTHY_LIVING" data-formelementid="LOCAL-LNK-CLK-HEALTHY_LIVING">Healthy Living</a></li> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/arts-entertainment/?intcmp=CSN-LOCAL-NAV-ARTS_ENT" data-formelementid="LOCAL-LNK-CLK-ARTS_ENT">Arts & Entertainment</a></li> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/museums/?intcmp=CSN-LOCAL-NAV-MUSEUMS" data-formelementid="LOCAL-LNK-CLK-MUSEUMS">Museums</a></li> --> </ul> </li> </ul> </nav>' $header_custom = '' $breadcrumbs = array( (int) 0 => array( 'title' => 'News Feed', 'slug' => 'happenings' ) ) $row = array( 'title' => 'Back to News Feed', 'slug' => 'happenings' ) $i = (int) 0include - APP/View/Layouts/aarp_2023.ctp, line 243 include - APP/View/Layouts/aarp_2023.ctp, line 243 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::renderLayout() - CORE/Cake/View/View.php, line 546 View::render() - CORE/Cake/View/View.php, line 481 Controller::render() - CORE/Cake/Controller/Controller.php, line 963 AppController::renderPage() - APP/Controller/AppController.php, line 136 BlogsController::display() - APP/Controller/BlogsController.php, line 81 ReflectionMethod::invokeArgs() - [internal], line ?? Controller::invokeAction() - CORE/Cake/Controller/Controller.php, line 491 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 193 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 118
Warning (2): include() [<a href='http://php.net/function.include'>function.include</a>]: Failed opening '/var/www/vhosts/vcc_staging/app/Resource/aarp2_master.bodyTargeting.html' for inclusion (include_path='/var/www/vhosts/vcc_staging/lib:.:/usr/share/pear:/usr/share/php') [APP/View/Layouts/aarp_2023.ctp, line 243]Code Context<?php if (!$nowrapper): // MLW - Spanish wrappers TBD
include (APP . "Resource/aarp2_master.footer.html");
include (APP . "Resource/aarp2_master.bodyTargeting.html");
$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">A Journey Through Time: The History of Social Security</h1></header> <div class="posted-on"> Posted on 07/02/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great Depression further exposed society's vulnerabilities, with millions of older Americans in poverty and many more at risk of financial ruin. In response, the Social Security Act was signed into law to better ensure a measure of income security for older Americans in retirement.<br><br>Over the subsequent decades, it has matured into a vital source of guaranteed, inflation-adjusted income for millions of retirees who pay in and earn their Social Security through payroll taxes they and their employers contribute throughout their working lives. Social Security also enjoys widespread support across all ages and demographic groups.<br><br>Today, more than one in five Ohioans receive Social Security. Nearly half of those age 65 or older count on Social Security as their largest source of income, and about 25 percent of households rely on Social Security for 90 percent or more of their income.<br><br>With this many people saying Social Security is important to their retirement security, it is instructive to understand how it was created and how it has evolved over time.<br><br>Here's a timeline of significant events in the history of Social Security.<br></p><ul><li><b>Aug. 14, 1935:</b> President Franklin Roosevelt signed the Social Security Act into law.</li><li><b>Aug. 10, 1939: </b>The program was broadened to include benefits for workers’ dependents and survivors.</li><li><b>October 1950: </b>Congress authorized the first cost-of-living adjustment (COLA), an increase of 77 percent.</li><li><b>September 1960: </b>President Eisenhower signed a law amending the disability rules to permit payment of benefits to disabled workers of any age and their dependents.</li><li><b>June 30, 1961: </b>All workers are now allowed to retire early at age 62, albeit at a reduced Social Security benefit. Previously, benefits could not be claimed until the normal retirement age (NRA) of 65.</li><li><b>Oct. 30, 1972: </b>President Nixon signed the Social Security Amendments making the cost-of-living adjustment automatic each year,</li><li><b>April 20, 1983:</b> President Ronald Reagan signed into law sweeping changes to Social Security aimed at addressing the imminent Social Security funding gap. These included moving up scheduled increases in the payroll taxes that fund Social Security, gradually raising the normal retirement age to 67, and making 50 percent of Social Security benefits taxable for recipients with incomes above $25,000 for an individual and $32,000 for married couples filing jointly.</li><li><b>Aug. 10, 1993:</b> President Bill Clinton signed the Omnibus Budget Reconciliation Act, a large deficit reduction package of tax increases and spending cuts that included a provision raising the share of Social Security benefits subject to income tax from 50 percent to 85 percent for beneficiaries with incomes above $34,000 (single) or $44,000 (couple).</li><li><b>May 6, 2024:</b> According to the Social Security Trustees report, Social Security can pay full benefits until 2035. That doesn’t mean Social Security payments would end, but they would be funded only by each year’s payroll tax revenue. The Trustees estimate that would cover about 83 percent of scheduled benefit payments.</li></ul><p>The history of Social Security is a testament to the promise between the government and its citizens. From its humble beginnings during the Great Depression, Social Security has stood the test of time, having never missed a payment, providing a foundation of retirement security to generations of Americans.<br><br>For the latest news, expert advice and answers to the most frequently asked questions, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/retirement/social-security/" target="_blank" rel="noopener noreferrer">AARP Social Security Resource Center.</a></span></span><br><br><b>Related Articles</b><br></p><ul><li><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://states.aarp.org/ohio/five-myths-about-social-security" target="_blank" rel="noopener noreferrer">5 Myths About Social Security</a></span></span></li></ul><p> <br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Ohio. Visit the <a href="https://states.aarp.org/region/ohio/" target="_blank">AARP Ohio</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); font-size: 13px; font-weight: 400; line-height: 1.4; font-style: italic; background: #f0efed } @media only screen and (min-width: 768px) { .VideoEnhancement>* { font-size:14px; font-weight: 400; line-height: 1.47 } } .VideoEnhancement-title { padding: 20px } @media only screen and (min-width: 768px) { .VideoEnhancement-title { padding:30px } } .VideoEnhancement-player>* { position: relative; width: 100%; height: 0; padding-bottom: 56.25% } .VideoEnhancement iframe { border: 0; position: absolute; top: 0; left: 0; width: 100%; height: 100% } [data-video-player] { display: block; padding-bottom: 56.25%; height: 0; margin: 0 auto; } [data-video-player][data-aspect-ratio="4x3"] { padding-bottom: 56.25%; } [data-video-player][data-aspect-ratio="16x9"] { padding-bottom: 56.25% } </style> --></div><div class="module clearfix"><div class="module-spacer tout-homefit-750"> <a data-formelementid="CSN-LOCAL-HC-NEWSSK-02272024" href="/columbus-oh/home-and-community/?intcmp=CSN-LOCAL-HC-NEWSSK-02272024"><img class="img-responsive" alt="Explore the free AARP HomeFit Guide" title="Explore the free AARP HomeFit Guide" src="https://cdn-aarp.americantowns.com/img/touts/HomeFit_750x150.png"></a> </div></div></div> <div class="col-md-4 right-rail thin-rhs"><div class="module clearfix"><!--default--> <!-- module_RHS - AARP Events --> <div class="ar-basic-box module-spacer"> <header> <div class="pull-right"> <a href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS"> <img style="width:30px;" src="https://cdn-aarp.americantowns.com/img/template/icons/aarp_event_icon.png" alt="Upcoming AARP Events" /> </a> </div> <h2 class="visible-lg">AARP Events for Columbus</h2> <h2 class="hidden-lg">AARP Events for Columbus</h2> </header> <div class="wrap"> <div class="ar-listing snippet"> <ul class="list"> <li class="item" data-pageindex="1"> <h3 class="topic">Featured Event</h3> <h2 class="title"><a href="/aarp-event/aarp-oh-the-3bs-of-music-the-beatles-10824-mhnqn2whst2.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-THE-3BS-OF-MUSIC-THE-BEATLES">The 3B’s of Music: The Beatles</a></h2> <p class="time">Tuesday, Oct 8, 2024 at 7:00 p.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-co-virtual-functional-fitness-online-99-10142024-sgnszx3wwws.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-FUNCTIONAL-FITNESS-WITH-BASIC-BODY-MOVEMENTS">Functional Fitness with Basic Body Movements</a></h2> <p class="time">Monday, Oct 7, 2024 at 9:00 a.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-il-yoga-and-meditation-virtual-10724-9mnx6s655lw.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-A-CLASS-IN-YOGA-AND-MEDITATION">A Class in Yoga and Meditation</a></h2> <p class="time">Monday, Oct 7, 2024 at 11:00 a.m. ET</p> <p class="venue">Facebook and YouTube</p> <p class="loc">Online Event</p> </li> </ul> <p><a class="link-red" href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS">View All AARP Events<i class="ml-1 fas fa-chevron-right"></i></a></p> </div> </div> </div> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_53475" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_53475', size:'300x250'}); } </script> </div> </div> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </style> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_93505" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_93505', size:'300x250'}); } </script> </div> </div> <div class="module-spacer text-center"> <div class="fb-page" alt="Image of AARP Ohio Facebook Page" title="Image of AARP Ohio Facebook Page" data-href="https://www.facebook.com/AARPOH" data-tabs="timeline" width="320" height="" data-small-header="false" data-adapt-container-width="true" data-hide-cover="false" data-show-facepile="true" lazy="true"> <blockquote cite="https://www.facebook.com/AARPOH" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/AARPOH">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Columbus</h2> </header> <div class="wrap"> <div class="ar-quick-list module-spacer"> <ul class="list-unstyled"> <li><i class="list-icon fa fa-envelope" alt="Email icon" title="Email icon" aria-hidden="true"></i><a href="mailto:OHAARP@aarp.org" target="_blank" rel="noopener">OHAARP@aarp.org</a></li> <li><i class="list-icon fa fa-globe" alt="Globe icon" title="Globe icon" aria-hidden="true"></i><a href="https://states.aarp.org/region/ohio/" target="_blank" rel="noopener">AARP Ohio</a></li> <li><i class="list-icon fa fa-map-marker" alt="Map Marker icon" title="Map Marker icon" aria-hidden="true"></i><a href="https://states.aarp.org/aarp-ohio-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-COLUMBUS-OH" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/AARPOH" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/aarpohio" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> </div> </div> </div></div> <div class="col-md-8 left-rail left-bot"></div> <div class="col-md-4 right-rail right-bot thin-rhs"></div> </div> <div class="row oneColumnLayout"> </div> <div class="row oneColumnLayout"> <div class="col-md-12"><!-- script to activate navbar --> <script type="text/javascript"> jQuery(".channelBarMain ul.left li a").click(function() { window.location = jQuery(this).attr('href'); }); </script> </div> </div> ', 'scripts_for_layout' => '<title>A Journey Through Time: The History of Social Security</title> <meta name="page_title" content="A Journey Through Time: The History of Social Security"/> <meta name="robots" content="noindex, nofollow"/> <meta content="In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great" name="description"/> <meta content="Journey, Through, Time, History, of, Social, Security" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/ohio/history-of-social-security" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/a-journey-through-time-the-history-of-social-security-oh-2024-07-02.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="A Journey Through Time: The History of Social Security"/> <meta name="twitter:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="A Journey Through Time: The History of Social Security"/> <meta property="og:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }', 'title_for_layout' => '{local_city_c}, {local_state} Happenings - AARP' ) $content_for_layout = '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">A Journey Through Time: The History of Social Security</h1></header> <div class="posted-on"> Posted on 07/02/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great Depression further exposed society's vulnerabilities, with millions of older Americans in poverty and many more at risk of financial ruin. In response, the Social Security Act was signed into law to better ensure a measure of income security for older Americans in retirement.<br><br>Over the subsequent decades, it has matured into a vital source of guaranteed, inflation-adjusted income for millions of retirees who pay in and earn their Social Security through payroll taxes they and their employers contribute throughout their working lives. Social Security also enjoys widespread support across all ages and demographic groups.<br><br>Today, more than one in five Ohioans receive Social Security. Nearly half of those age 65 or older count on Social Security as their largest source of income, and about 25 percent of households rely on Social Security for 90 percent or more of their income.<br><br>With this many people saying Social Security is important to their retirement security, it is instructive to understand how it was created and how it has evolved over time.<br><br>Here's a timeline of significant events in the history of Social Security.<br></p><ul><li><b>Aug. 14, 1935:</b> President Franklin Roosevelt signed the Social Security Act into law.</li><li><b>Aug. 10, 1939: </b>The program was broadened to include benefits for workers’ dependents and survivors.</li><li><b>October 1950: </b>Congress authorized the first cost-of-living adjustment (COLA), an increase of 77 percent.</li><li><b>September 1960: </b>President Eisenhower signed a law amending the disability rules to permit payment of benefits to disabled workers of any age and their dependents.</li><li><b>June 30, 1961: </b>All workers are now allowed to retire early at age 62, albeit at a reduced Social Security benefit. Previously, benefits could not be claimed until the normal retirement age (NRA) of 65.</li><li><b>Oct. 30, 1972: </b>President Nixon signed the Social Security Amendments making the cost-of-living adjustment automatic each year,</li><li><b>April 20, 1983:</b> President Ronald Reagan signed into law sweeping changes to Social Security aimed at addressing the imminent Social Security funding gap. These included moving up scheduled increases in the payroll taxes that fund Social Security, gradually raising the normal retirement age to 67, and making 50 percent of Social Security benefits taxable for recipients with incomes above $25,000 for an individual and $32,000 for married couples filing jointly.</li><li><b>Aug. 10, 1993:</b> President Bill Clinton signed the Omnibus Budget Reconciliation Act, a large deficit reduction package of tax increases and spending cuts that included a provision raising the share of Social Security benefits subject to income tax from 50 percent to 85 percent for beneficiaries with incomes above $34,000 (single) or $44,000 (couple).</li><li><b>May 6, 2024:</b> According to the Social Security Trustees report, Social Security can pay full benefits until 2035. That doesn’t mean Social Security payments would end, but they would be funded only by each year’s payroll tax revenue. The Trustees estimate that would cover about 83 percent of scheduled benefit payments.</li></ul><p>The history of Social Security is a testament to the promise between the government and its citizens. From its humble beginnings during the Great Depression, Social Security has stood the test of time, having never missed a payment, providing a foundation of retirement security to generations of Americans.<br><br>For the latest news, expert advice and answers to the most frequently asked questions, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/retirement/social-security/" target="_blank" rel="noopener noreferrer">AARP Social Security Resource Center.</a></span></span><br><br><b>Related Articles</b><br></p><ul><li><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://states.aarp.org/ohio/five-myths-about-social-security" target="_blank" rel="noopener noreferrer">5 Myths About Social Security</a></span></span></li></ul><p> <br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Ohio. Visit the <a href="https://states.aarp.org/region/ohio/" target="_blank">AARP Ohio</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); font-size: 13px; font-weight: 400; line-height: 1.4; font-style: italic; background: #f0efed } @media only screen and (min-width: 768px) { .VideoEnhancement>* { font-size:14px; font-weight: 400; line-height: 1.47 } } .VideoEnhancement-title { padding: 20px } @media only screen and (min-width: 768px) { .VideoEnhancement-title { padding:30px } } .VideoEnhancement-player>* { position: relative; width: 100%; height: 0; padding-bottom: 56.25% } .VideoEnhancement iframe { border: 0; position: absolute; top: 0; left: 0; width: 100%; height: 100% } [data-video-player] { display: block; padding-bottom: 56.25%; height: 0; margin: 0 auto; } [data-video-player][data-aspect-ratio="4x3"] { padding-bottom: 56.25%; } [data-video-player][data-aspect-ratio="16x9"] { padding-bottom: 56.25% } </style> --></div><div class="module clearfix"><div class="module-spacer tout-homefit-750"> <a data-formelementid="CSN-LOCAL-HC-NEWSSK-02272024" href="/columbus-oh/home-and-community/?intcmp=CSN-LOCAL-HC-NEWSSK-02272024"><img class="img-responsive" alt="Explore the free AARP HomeFit Guide" title="Explore the free AARP HomeFit Guide" src="https://cdn-aarp.americantowns.com/img/touts/HomeFit_750x150.png"></a> </div></div></div> <div class="col-md-4 right-rail thin-rhs"><div class="module clearfix"><!--default--> <!-- module_RHS - AARP Events --> <div class="ar-basic-box module-spacer"> <header> <div class="pull-right"> <a href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS"> <img style="width:30px;" src="https://cdn-aarp.americantowns.com/img/template/icons/aarp_event_icon.png" alt="Upcoming AARP Events" /> </a> </div> <h2 class="visible-lg">AARP Events for Columbus</h2> <h2 class="hidden-lg">AARP Events for Columbus</h2> </header> <div class="wrap"> <div class="ar-listing snippet"> <ul class="list"> <li class="item" data-pageindex="1"> <h3 class="topic">Featured Event</h3> <h2 class="title"><a href="/aarp-event/aarp-oh-the-3bs-of-music-the-beatles-10824-mhnqn2whst2.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-THE-3BS-OF-MUSIC-THE-BEATLES">The 3B’s of Music: The Beatles</a></h2> <p class="time">Tuesday, Oct 8, 2024 at 7:00 p.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-co-virtual-functional-fitness-online-99-10142024-sgnszx3wwws.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-FUNCTIONAL-FITNESS-WITH-BASIC-BODY-MOVEMENTS">Functional Fitness with Basic Body Movements</a></h2> <p class="time">Monday, Oct 7, 2024 at 9:00 a.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-il-yoga-and-meditation-virtual-10724-9mnx6s655lw.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-A-CLASS-IN-YOGA-AND-MEDITATION">A Class in Yoga and Meditation</a></h2> <p class="time">Monday, Oct 7, 2024 at 11:00 a.m. ET</p> <p class="venue">Facebook and YouTube</p> <p class="loc">Online Event</p> </li> </ul> <p><a class="link-red" href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS">View All AARP Events<i class="ml-1 fas fa-chevron-right"></i></a></p> </div> </div> </div> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_53475" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_53475', size:'300x250'}); } </script> </div> </div> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </style> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_93505" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_93505', size:'300x250'}); } </script> </div> </div> <div class="module-spacer text-center"> <div class="fb-page" alt="Image of AARP Ohio Facebook Page" title="Image of AARP Ohio Facebook Page" data-href="https://www.facebook.com/AARPOH" data-tabs="timeline" width="320" height="" data-small-header="false" data-adapt-container-width="true" data-hide-cover="false" data-show-facepile="true" lazy="true"> <blockquote cite="https://www.facebook.com/AARPOH" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/AARPOH">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Columbus</h2> </header> <div class="wrap"> <div class="ar-quick-list module-spacer"> <ul class="list-unstyled"> <li><i class="list-icon fa fa-envelope" alt="Email icon" title="Email icon" aria-hidden="true"></i><a href="mailto:OHAARP@aarp.org" target="_blank" rel="noopener">OHAARP@aarp.org</a></li> <li><i class="list-icon fa fa-globe" alt="Globe icon" title="Globe icon" aria-hidden="true"></i><a href="https://states.aarp.org/region/ohio/" target="_blank" rel="noopener">AARP Ohio</a></li> <li><i class="list-icon fa fa-map-marker" alt="Map Marker icon" title="Map Marker icon" aria-hidden="true"></i><a href="https://states.aarp.org/aarp-ohio-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-COLUMBUS-OH" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/AARPOH" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/aarpohio" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> </div> </div> </div></div> <div class="col-md-8 left-rail left-bot"></div> <div class="col-md-4 right-rail right-bot thin-rhs"></div> </div> <div class="row oneColumnLayout"> </div> <div class="row oneColumnLayout"> <div class="col-md-12"><!-- script to activate navbar --> <script type="text/javascript"> jQuery(".channelBarMain ul.left li a").click(function() { window.location = jQuery(this).attr('href'); }); </script> </div> </div> ' $scripts_for_layout = '<title>A Journey Through Time: The History of Social Security</title> <meta name="page_title" content="A Journey Through Time: The History of Social Security"/> <meta name="robots" content="noindex, nofollow"/> <meta content="In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great" name="description"/> <meta content="Journey, Through, Time, History, of, Social, Security" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/ohio/history-of-social-security" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/a-journey-through-time-the-history-of-social-security-oh-2024-07-02.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="A Journey Through Time: The History of Social Security"/> <meta name="twitter:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="A Journey Through Time: The History of Social Security"/> <meta property="og:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }' $title_for_layout = '{local_city_c}, {local_state} Happenings - AARP' $asset_version = '230831' $min = true $nowrapper = false $css = ' :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }' $highlighting = '' $location = '<a href="/columbus-oh/?intcmp=CSN-LOCAL-NAV-HOME">Columbus, OH</a>' $no_header = false $header_title = '<a href="/columbus-oh/happenings/">News Feed</a>' $header_subtitle = '' $isPR = false $navbar = '<nav class="section" role="button" aria-expanded="false" aria-controls="collapse"> <div class="section-toggle">Sections <i class="fas fa-chevron-down"></i></div> <ul class="secondary-menu" id="secondary-menu" role="menu" aria-busy="true"> <li role="presentation" class=""><a role="menuitem" class="menuitem" href="/columbus-oh/aarp-events/?intcmp=CSN-LOCAL-NAV-OLE" data-formelementid="LOCAL-LNK-CLK-EVENTS">Online & Local Events</a> </li> <li role="presentation" class=""><a role="menuitem" class="menuitem" href="/columbus-oh/things-to-do/?intcmp=CSN-LOCAL-NAV-TTD" data-formelementid="LOCAL-LNK-CLK-THINGSTODO">Things to Do</a></li> <li role="presentation" class="active"><a role="menuitem" class="menuitem" href="/columbus-oh/happenings/?intcmp=CSN-LOCAL-NAV-NF" data-formelementid="LOCAL-LNK-CLK-HAPPENINGS">News Feed</a> </li> <li role="presentation" class=""><a role="menuitem" class="menuitem" href="/columbus-oh/volunteering/?intcmp=CSN-LOCAL-NAV-VOL" data-formelementid="LOCAL-LNK-CLK-VOLUNTEERING">Volunteering</a> </li> <li role="presentation" class=""><a role="menuitem" class="menuitem" href="/columbus-oh/home-and-community/?intcmp=CSN-LOCAL-NAV-HC" data-formelementid="LOCAL-LNK-CLK-HC">Home & Community</a> </li> <li role="presentation" class=""><a role="menuitem" class="menuitem" href="/columbus-oh/movies/?intcmp=CSN-LOCAL-NAV-MFG" data-formelementid="LOCAL-LNK-CLK-MOVIESFORGROWNUPS">Movies for Grownups</a> </li> <li role="presentation" class="more nosep " id="submenu-more"> <span role="menuitem" class="menuitem" data-formelementid="LOCAL-LNK-CLK-MORE">More<i class="fas fa-chevron-down"></i></span> <ul class="secondary-submenu animate slide-in" id="secondary-submenu"> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/discounts/?intcmp=CSN-LOCAL-NAV-LO" data-formelementid="LOCAL-LNK-CLK-OFFERS">Local Offers</a></li> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/local-resources/?intcmp=CSN-LOCAL-NAV-LR" data-formelementid="LOCAL-LNK-CLK-LOCALRESOURCES">Local Resources</a> </li> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/jobs/?intcmp=CSN-LOCAL-NAV-WJ" data-formelementid="LOCAL-LNK-CLK-WORK&JOBS">Work & Jobs</a></li> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/events/?intcmp=CSN-LOCAL-NAV-CC" data-formelementid="LOCAL-LNK-CLK-EVENTS">Community Calendar</a></li> <!-- <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/healthy-living/?intcmp=CSN-LOCAL-NAV-HEALTHY_LIVING" data-formelementid="LOCAL-LNK-CLK-HEALTHY_LIVING">Healthy Living</a></li> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/arts-entertainment/?intcmp=CSN-LOCAL-NAV-ARTS_ENT" data-formelementid="LOCAL-LNK-CLK-ARTS_ENT">Arts & Entertainment</a></li> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/museums/?intcmp=CSN-LOCAL-NAV-MUSEUMS" data-formelementid="LOCAL-LNK-CLK-MUSEUMS">Museums</a></li> --> </ul> </li> </ul> </nav>' $header_custom = '' $breadcrumbs = array( (int) 0 => array( 'title' => 'News Feed', 'slug' => 'happenings' ) ) $row = array( 'title' => 'Back to News Feed', 'slug' => 'happenings' ) $i = (int) 0include - APP/View/Layouts/aarp_2023.ctp, line 243 include - APP/View/Layouts/aarp_2023.ctp, line 243 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::renderLayout() - CORE/Cake/View/View.php, line 546 View::render() - CORE/Cake/View/View.php, line 481 Controller::render() - CORE/Cake/Controller/Controller.php, line 963 AppController::renderPage() - APP/Controller/AppController.php, line 136 BlogsController::display() - APP/Controller/BlogsController.php, line 81 ReflectionMethod::invokeArgs() - [internal], line ?? Controller::invokeAction() - CORE/Cake/Controller/Controller.php, line 491 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 193 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 118
Warning (2): include(/var/www/vhosts/vcc_staging/app/Resource/aarp2_master.resource.footer.root.html) [<a href='http://php.net/function.include'>function.include</a>]: failed to open stream: No such file or directory [APP/View/Layouts/aarp_2023.ctp, line 244]Code Contextinclude (APP . "Resource/aarp2_master.footer.html");
include (APP . "Resource/aarp2_master.bodyTargeting.html");
include (APP . "Resource/aarp2_master.resource.footer.root.html");
$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">A Journey Through Time: The History of Social Security</h1></header> <div class="posted-on"> Posted on 07/02/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great Depression further exposed society's vulnerabilities, with millions of older Americans in poverty and many more at risk of financial ruin. In response, the Social Security Act was signed into law to better ensure a measure of income security for older Americans in retirement.<br><br>Over the subsequent decades, it has matured into a vital source of guaranteed, inflation-adjusted income for millions of retirees who pay in and earn their Social Security through payroll taxes they and their employers contribute throughout their working lives. Social Security also enjoys widespread support across all ages and demographic groups.<br><br>Today, more than one in five Ohioans receive Social Security. Nearly half of those age 65 or older count on Social Security as their largest source of income, and about 25 percent of households rely on Social Security for 90 percent or more of their income.<br><br>With this many people saying Social Security is important to their retirement security, it is instructive to understand how it was created and how it has evolved over time.<br><br>Here's a timeline of significant events in the history of Social Security.<br></p><ul><li><b>Aug. 14, 1935:</b> President Franklin Roosevelt signed the Social Security Act into law.</li><li><b>Aug. 10, 1939: </b>The program was broadened to include benefits for workers’ dependents and survivors.</li><li><b>October 1950: </b>Congress authorized the first cost-of-living adjustment (COLA), an increase of 77 percent.</li><li><b>September 1960: </b>President Eisenhower signed a law amending the disability rules to permit payment of benefits to disabled workers of any age and their dependents.</li><li><b>June 30, 1961: </b>All workers are now allowed to retire early at age 62, albeit at a reduced Social Security benefit. Previously, benefits could not be claimed until the normal retirement age (NRA) of 65.</li><li><b>Oct. 30, 1972: </b>President Nixon signed the Social Security Amendments making the cost-of-living adjustment automatic each year,</li><li><b>April 20, 1983:</b> President Ronald Reagan signed into law sweeping changes to Social Security aimed at addressing the imminent Social Security funding gap. These included moving up scheduled increases in the payroll taxes that fund Social Security, gradually raising the normal retirement age to 67, and making 50 percent of Social Security benefits taxable for recipients with incomes above $25,000 for an individual and $32,000 for married couples filing jointly.</li><li><b>Aug. 10, 1993:</b> President Bill Clinton signed the Omnibus Budget Reconciliation Act, a large deficit reduction package of tax increases and spending cuts that included a provision raising the share of Social Security benefits subject to income tax from 50 percent to 85 percent for beneficiaries with incomes above $34,000 (single) or $44,000 (couple).</li><li><b>May 6, 2024:</b> According to the Social Security Trustees report, Social Security can pay full benefits until 2035. That doesn’t mean Social Security payments would end, but they would be funded only by each year’s payroll tax revenue. The Trustees estimate that would cover about 83 percent of scheduled benefit payments.</li></ul><p>The history of Social Security is a testament to the promise between the government and its citizens. From its humble beginnings during the Great Depression, Social Security has stood the test of time, having never missed a payment, providing a foundation of retirement security to generations of Americans.<br><br>For the latest news, expert advice and answers to the most frequently asked questions, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/retirement/social-security/" target="_blank" rel="noopener noreferrer">AARP Social Security Resource Center.</a></span></span><br><br><b>Related Articles</b><br></p><ul><li><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://states.aarp.org/ohio/five-myths-about-social-security" target="_blank" rel="noopener noreferrer">5 Myths About Social Security</a></span></span></li></ul><p> <br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Ohio. Visit the <a href="https://states.aarp.org/region/ohio/" target="_blank">AARP Ohio</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); font-size: 13px; font-weight: 400; line-height: 1.4; font-style: italic; background: #f0efed } @media only screen and (min-width: 768px) { .VideoEnhancement>* { font-size:14px; font-weight: 400; line-height: 1.47 } } .VideoEnhancement-title { padding: 20px } @media only screen and (min-width: 768px) { .VideoEnhancement-title { padding:30px } } .VideoEnhancement-player>* { position: relative; width: 100%; height: 0; padding-bottom: 56.25% } .VideoEnhancement iframe { border: 0; position: absolute; top: 0; left: 0; width: 100%; height: 100% } [data-video-player] { display: block; padding-bottom: 56.25%; height: 0; margin: 0 auto; } [data-video-player][data-aspect-ratio="4x3"] { padding-bottom: 56.25%; } [data-video-player][data-aspect-ratio="16x9"] { padding-bottom: 56.25% } </style> --></div><div class="module clearfix"><div class="module-spacer tout-homefit-750"> <a data-formelementid="CSN-LOCAL-HC-NEWSSK-02272024" href="/columbus-oh/home-and-community/?intcmp=CSN-LOCAL-HC-NEWSSK-02272024"><img class="img-responsive" alt="Explore the free AARP HomeFit Guide" title="Explore the free AARP HomeFit Guide" src="https://cdn-aarp.americantowns.com/img/touts/HomeFit_750x150.png"></a> </div></div></div> <div class="col-md-4 right-rail thin-rhs"><div class="module clearfix"><!--default--> <!-- module_RHS - AARP Events --> <div class="ar-basic-box module-spacer"> <header> <div class="pull-right"> <a href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS"> <img style="width:30px;" src="https://cdn-aarp.americantowns.com/img/template/icons/aarp_event_icon.png" alt="Upcoming AARP Events" /> </a> </div> <h2 class="visible-lg">AARP Events for Columbus</h2> <h2 class="hidden-lg">AARP Events for Columbus</h2> </header> <div class="wrap"> <div class="ar-listing snippet"> <ul class="list"> <li class="item" data-pageindex="1"> <h3 class="topic">Featured Event</h3> <h2 class="title"><a href="/aarp-event/aarp-oh-the-3bs-of-music-the-beatles-10824-mhnqn2whst2.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-THE-3BS-OF-MUSIC-THE-BEATLES">The 3B’s of Music: The Beatles</a></h2> <p class="time">Tuesday, Oct 8, 2024 at 7:00 p.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-co-virtual-functional-fitness-online-99-10142024-sgnszx3wwws.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-FUNCTIONAL-FITNESS-WITH-BASIC-BODY-MOVEMENTS">Functional Fitness with Basic Body Movements</a></h2> <p class="time">Monday, Oct 7, 2024 at 9:00 a.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-il-yoga-and-meditation-virtual-10724-9mnx6s655lw.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-A-CLASS-IN-YOGA-AND-MEDITATION">A Class in Yoga and Meditation</a></h2> <p class="time">Monday, Oct 7, 2024 at 11:00 a.m. ET</p> <p class="venue">Facebook and YouTube</p> <p class="loc">Online Event</p> </li> </ul> <p><a class="link-red" href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS">View All AARP Events<i class="ml-1 fas fa-chevron-right"></i></a></p> </div> </div> </div> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_53475" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_53475', size:'300x250'}); } </script> </div> </div> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </style> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_93505" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_93505', size:'300x250'}); } </script> </div> </div> <div class="module-spacer text-center"> <div class="fb-page" alt="Image of AARP Ohio Facebook Page" title="Image of AARP Ohio Facebook Page" data-href="https://www.facebook.com/AARPOH" data-tabs="timeline" width="320" height="" data-small-header="false" data-adapt-container-width="true" data-hide-cover="false" data-show-facepile="true" lazy="true"> <blockquote cite="https://www.facebook.com/AARPOH" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/AARPOH">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Columbus</h2> </header> <div class="wrap"> <div class="ar-quick-list module-spacer"> <ul class="list-unstyled"> <li><i class="list-icon fa fa-envelope" alt="Email icon" title="Email icon" aria-hidden="true"></i><a href="mailto:OHAARP@aarp.org" target="_blank" rel="noopener">OHAARP@aarp.org</a></li> <li><i class="list-icon fa fa-globe" alt="Globe icon" title="Globe icon" aria-hidden="true"></i><a href="https://states.aarp.org/region/ohio/" target="_blank" rel="noopener">AARP Ohio</a></li> <li><i class="list-icon fa fa-map-marker" alt="Map Marker icon" title="Map Marker icon" aria-hidden="true"></i><a href="https://states.aarp.org/aarp-ohio-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-COLUMBUS-OH" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/AARPOH" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/aarpohio" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> </div> </div> </div></div> <div class="col-md-8 left-rail left-bot"></div> <div class="col-md-4 right-rail right-bot thin-rhs"></div> </div> <div class="row oneColumnLayout"> </div> <div class="row oneColumnLayout"> <div class="col-md-12"><!-- script to activate navbar --> <script type="text/javascript"> jQuery(".channelBarMain ul.left li a").click(function() { window.location = jQuery(this).attr('href'); }); </script> </div> </div> ', 'scripts_for_layout' => '<title>A Journey Through Time: The History of Social Security</title> <meta name="page_title" content="A Journey Through Time: The History of Social Security"/> <meta name="robots" content="noindex, nofollow"/> <meta content="In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great" name="description"/> <meta content="Journey, Through, Time, History, of, Social, Security" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/ohio/history-of-social-security" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/a-journey-through-time-the-history-of-social-security-oh-2024-07-02.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="A Journey Through Time: The History of Social Security"/> <meta name="twitter:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="A Journey Through Time: The History of Social Security"/> <meta property="og:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }', 'title_for_layout' => '{local_city_c}, {local_state} Happenings - AARP' ) $content_for_layout = '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">A Journey Through Time: The History of Social Security</h1></header> <div class="posted-on"> Posted on 07/02/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great Depression further exposed society's vulnerabilities, with millions of older Americans in poverty and many more at risk of financial ruin. In response, the Social Security Act was signed into law to better ensure a measure of income security for older Americans in retirement.<br><br>Over the subsequent decades, it has matured into a vital source of guaranteed, inflation-adjusted income for millions of retirees who pay in and earn their Social Security through payroll taxes they and their employers contribute throughout their working lives. Social Security also enjoys widespread support across all ages and demographic groups.<br><br>Today, more than one in five Ohioans receive Social Security. Nearly half of those age 65 or older count on Social Security as their largest source of income, and about 25 percent of households rely on Social Security for 90 percent or more of their income.<br><br>With this many people saying Social Security is important to their retirement security, it is instructive to understand how it was created and how it has evolved over time.<br><br>Here's a timeline of significant events in the history of Social Security.<br></p><ul><li><b>Aug. 14, 1935:</b> President Franklin Roosevelt signed the Social Security Act into law.</li><li><b>Aug. 10, 1939: </b>The program was broadened to include benefits for workers’ dependents and survivors.</li><li><b>October 1950: </b>Congress authorized the first cost-of-living adjustment (COLA), an increase of 77 percent.</li><li><b>September 1960: </b>President Eisenhower signed a law amending the disability rules to permit payment of benefits to disabled workers of any age and their dependents.</li><li><b>June 30, 1961: </b>All workers are now allowed to retire early at age 62, albeit at a reduced Social Security benefit. Previously, benefits could not be claimed until the normal retirement age (NRA) of 65.</li><li><b>Oct. 30, 1972: </b>President Nixon signed the Social Security Amendments making the cost-of-living adjustment automatic each year,</li><li><b>April 20, 1983:</b> President Ronald Reagan signed into law sweeping changes to Social Security aimed at addressing the imminent Social Security funding gap. These included moving up scheduled increases in the payroll taxes that fund Social Security, gradually raising the normal retirement age to 67, and making 50 percent of Social Security benefits taxable for recipients with incomes above $25,000 for an individual and $32,000 for married couples filing jointly.</li><li><b>Aug. 10, 1993:</b> President Bill Clinton signed the Omnibus Budget Reconciliation Act, a large deficit reduction package of tax increases and spending cuts that included a provision raising the share of Social Security benefits subject to income tax from 50 percent to 85 percent for beneficiaries with incomes above $34,000 (single) or $44,000 (couple).</li><li><b>May 6, 2024:</b> According to the Social Security Trustees report, Social Security can pay full benefits until 2035. That doesn’t mean Social Security payments would end, but they would be funded only by each year’s payroll tax revenue. The Trustees estimate that would cover about 83 percent of scheduled benefit payments.</li></ul><p>The history of Social Security is a testament to the promise between the government and its citizens. From its humble beginnings during the Great Depression, Social Security has stood the test of time, having never missed a payment, providing a foundation of retirement security to generations of Americans.<br><br>For the latest news, expert advice and answers to the most frequently asked questions, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/retirement/social-security/" target="_blank" rel="noopener noreferrer">AARP Social Security Resource Center.</a></span></span><br><br><b>Related Articles</b><br></p><ul><li><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://states.aarp.org/ohio/five-myths-about-social-security" target="_blank" rel="noopener noreferrer">5 Myths About Social Security</a></span></span></li></ul><p> <br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Ohio. Visit the <a href="https://states.aarp.org/region/ohio/" target="_blank">AARP Ohio</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); font-size: 13px; font-weight: 400; line-height: 1.4; font-style: italic; background: #f0efed } @media only screen and (min-width: 768px) { .VideoEnhancement>* { font-size:14px; font-weight: 400; line-height: 1.47 } } .VideoEnhancement-title { padding: 20px } @media only screen and (min-width: 768px) { .VideoEnhancement-title { padding:30px } } .VideoEnhancement-player>* { position: relative; width: 100%; height: 0; padding-bottom: 56.25% } .VideoEnhancement iframe { border: 0; position: absolute; top: 0; left: 0; width: 100%; height: 100% } [data-video-player] { display: block; padding-bottom: 56.25%; height: 0; margin: 0 auto; } [data-video-player][data-aspect-ratio="4x3"] { padding-bottom: 56.25%; } [data-video-player][data-aspect-ratio="16x9"] { padding-bottom: 56.25% } </style> --></div><div class="module clearfix"><div class="module-spacer tout-homefit-750"> <a data-formelementid="CSN-LOCAL-HC-NEWSSK-02272024" href="/columbus-oh/home-and-community/?intcmp=CSN-LOCAL-HC-NEWSSK-02272024"><img class="img-responsive" alt="Explore the free AARP HomeFit Guide" title="Explore the free AARP HomeFit Guide" src="https://cdn-aarp.americantowns.com/img/touts/HomeFit_750x150.png"></a> </div></div></div> <div class="col-md-4 right-rail thin-rhs"><div class="module clearfix"><!--default--> <!-- module_RHS - AARP Events --> <div class="ar-basic-box module-spacer"> <header> <div class="pull-right"> <a href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS"> <img style="width:30px;" src="https://cdn-aarp.americantowns.com/img/template/icons/aarp_event_icon.png" alt="Upcoming AARP Events" /> </a> </div> <h2 class="visible-lg">AARP Events for Columbus</h2> <h2 class="hidden-lg">AARP Events for Columbus</h2> </header> <div class="wrap"> <div class="ar-listing snippet"> <ul class="list"> <li class="item" data-pageindex="1"> <h3 class="topic">Featured Event</h3> <h2 class="title"><a href="/aarp-event/aarp-oh-the-3bs-of-music-the-beatles-10824-mhnqn2whst2.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-THE-3BS-OF-MUSIC-THE-BEATLES">The 3B’s of Music: The Beatles</a></h2> <p class="time">Tuesday, Oct 8, 2024 at 7:00 p.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-co-virtual-functional-fitness-online-99-10142024-sgnszx3wwws.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-FUNCTIONAL-FITNESS-WITH-BASIC-BODY-MOVEMENTS">Functional Fitness with Basic Body Movements</a></h2> <p class="time">Monday, Oct 7, 2024 at 9:00 a.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-il-yoga-and-meditation-virtual-10724-9mnx6s655lw.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-A-CLASS-IN-YOGA-AND-MEDITATION">A Class in Yoga and Meditation</a></h2> <p class="time">Monday, Oct 7, 2024 at 11:00 a.m. ET</p> <p class="venue">Facebook and YouTube</p> <p class="loc">Online Event</p> </li> </ul> <p><a class="link-red" href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS">View All AARP Events<i class="ml-1 fas fa-chevron-right"></i></a></p> </div> </div> </div> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_53475" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_53475', size:'300x250'}); } </script> </div> </div> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </style> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_93505" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_93505', size:'300x250'}); } </script> </div> </div> <div class="module-spacer text-center"> <div class="fb-page" alt="Image of AARP Ohio Facebook Page" title="Image of AARP Ohio Facebook Page" data-href="https://www.facebook.com/AARPOH" data-tabs="timeline" width="320" height="" data-small-header="false" data-adapt-container-width="true" data-hide-cover="false" data-show-facepile="true" lazy="true"> <blockquote cite="https://www.facebook.com/AARPOH" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/AARPOH">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Columbus</h2> </header> <div class="wrap"> <div class="ar-quick-list module-spacer"> <ul class="list-unstyled"> <li><i class="list-icon fa fa-envelope" alt="Email icon" title="Email icon" aria-hidden="true"></i><a href="mailto:OHAARP@aarp.org" target="_blank" rel="noopener">OHAARP@aarp.org</a></li> <li><i class="list-icon fa fa-globe" alt="Globe icon" title="Globe icon" aria-hidden="true"></i><a href="https://states.aarp.org/region/ohio/" target="_blank" rel="noopener">AARP Ohio</a></li> <li><i class="list-icon fa fa-map-marker" alt="Map Marker icon" title="Map Marker icon" aria-hidden="true"></i><a href="https://states.aarp.org/aarp-ohio-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-COLUMBUS-OH" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/AARPOH" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/aarpohio" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> </div> </div> </div></div> <div class="col-md-8 left-rail left-bot"></div> <div class="col-md-4 right-rail right-bot thin-rhs"></div> </div> <div class="row oneColumnLayout"> </div> <div class="row oneColumnLayout"> <div class="col-md-12"><!-- script to activate navbar --> <script type="text/javascript"> jQuery(".channelBarMain ul.left li a").click(function() { window.location = jQuery(this).attr('href'); }); </script> </div> </div> ' $scripts_for_layout = '<title>A Journey Through Time: The History of Social Security</title> <meta name="page_title" content="A Journey Through Time: The History of Social Security"/> <meta name="robots" content="noindex, nofollow"/> <meta content="In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great" name="description"/> <meta content="Journey, Through, Time, History, of, Social, Security" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/ohio/history-of-social-security" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/a-journey-through-time-the-history-of-social-security-oh-2024-07-02.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="A Journey Through Time: The History of Social Security"/> <meta name="twitter:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="A Journey Through Time: The History of Social Security"/> <meta property="og:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }' $title_for_layout = '{local_city_c}, {local_state} Happenings - AARP' $asset_version = '230831' $min = true $nowrapper = false $css = ' :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }' $highlighting = '' $location = '<a href="/columbus-oh/?intcmp=CSN-LOCAL-NAV-HOME">Columbus, OH</a>' $no_header = false $header_title = '<a href="/columbus-oh/happenings/">News Feed</a>' $header_subtitle = '' $isPR = false $navbar = '<nav class="section" role="button" aria-expanded="false" aria-controls="collapse"> <div class="section-toggle">Sections <i class="fas fa-chevron-down"></i></div> <ul class="secondary-menu" id="secondary-menu" role="menu" aria-busy="true"> <li role="presentation" class=""><a role="menuitem" class="menuitem" href="/columbus-oh/aarp-events/?intcmp=CSN-LOCAL-NAV-OLE" data-formelementid="LOCAL-LNK-CLK-EVENTS">Online & Local Events</a> </li> <li role="presentation" class=""><a role="menuitem" class="menuitem" href="/columbus-oh/things-to-do/?intcmp=CSN-LOCAL-NAV-TTD" data-formelementid="LOCAL-LNK-CLK-THINGSTODO">Things to Do</a></li> <li role="presentation" class="active"><a role="menuitem" class="menuitem" href="/columbus-oh/happenings/?intcmp=CSN-LOCAL-NAV-NF" data-formelementid="LOCAL-LNK-CLK-HAPPENINGS">News Feed</a> </li> <li role="presentation" class=""><a role="menuitem" class="menuitem" href="/columbus-oh/volunteering/?intcmp=CSN-LOCAL-NAV-VOL" data-formelementid="LOCAL-LNK-CLK-VOLUNTEERING">Volunteering</a> </li> <li role="presentation" class=""><a role="menuitem" class="menuitem" href="/columbus-oh/home-and-community/?intcmp=CSN-LOCAL-NAV-HC" data-formelementid="LOCAL-LNK-CLK-HC">Home & Community</a> </li> <li role="presentation" class=""><a role="menuitem" class="menuitem" href="/columbus-oh/movies/?intcmp=CSN-LOCAL-NAV-MFG" data-formelementid="LOCAL-LNK-CLK-MOVIESFORGROWNUPS">Movies for Grownups</a> </li> <li role="presentation" class="more nosep " id="submenu-more"> <span role="menuitem" class="menuitem" data-formelementid="LOCAL-LNK-CLK-MORE">More<i class="fas fa-chevron-down"></i></span> <ul class="secondary-submenu animate slide-in" id="secondary-submenu"> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/discounts/?intcmp=CSN-LOCAL-NAV-LO" data-formelementid="LOCAL-LNK-CLK-OFFERS">Local Offers</a></li> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/local-resources/?intcmp=CSN-LOCAL-NAV-LR" data-formelementid="LOCAL-LNK-CLK-LOCALRESOURCES">Local Resources</a> </li> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/jobs/?intcmp=CSN-LOCAL-NAV-WJ" data-formelementid="LOCAL-LNK-CLK-WORK&JOBS">Work & Jobs</a></li> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/events/?intcmp=CSN-LOCAL-NAV-CC" data-formelementid="LOCAL-LNK-CLK-EVENTS">Community Calendar</a></li> <!-- <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/healthy-living/?intcmp=CSN-LOCAL-NAV-HEALTHY_LIVING" data-formelementid="LOCAL-LNK-CLK-HEALTHY_LIVING">Healthy Living</a></li> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/arts-entertainment/?intcmp=CSN-LOCAL-NAV-ARTS_ENT" data-formelementid="LOCAL-LNK-CLK-ARTS_ENT">Arts & Entertainment</a></li> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/museums/?intcmp=CSN-LOCAL-NAV-MUSEUMS" data-formelementid="LOCAL-LNK-CLK-MUSEUMS">Museums</a></li> --> </ul> </li> </ul> </nav>' $header_custom = '' $breadcrumbs = array( (int) 0 => array( 'title' => 'News Feed', 'slug' => 'happenings' ) ) $row = array( 'title' => 'Back to News Feed', 'slug' => 'happenings' ) $i = (int) 0include - APP/View/Layouts/aarp_2023.ctp, line 244 include - APP/View/Layouts/aarp_2023.ctp, line 244 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::renderLayout() - CORE/Cake/View/View.php, line 546 View::render() - CORE/Cake/View/View.php, line 481 Controller::render() - CORE/Cake/Controller/Controller.php, line 963 AppController::renderPage() - APP/Controller/AppController.php, line 136 BlogsController::display() - APP/Controller/BlogsController.php, line 81 ReflectionMethod::invokeArgs() - [internal], line ?? Controller::invokeAction() - CORE/Cake/Controller/Controller.php, line 491 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 193 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 118
Warning (2): include() [<a href='http://php.net/function.include'>function.include</a>]: Failed opening '/var/www/vhosts/vcc_staging/app/Resource/aarp2_master.resource.footer.root.html' for inclusion (include_path='/var/www/vhosts/vcc_staging/lib:.:/usr/share/pear:/usr/share/php') [APP/View/Layouts/aarp_2023.ctp, line 244]Code Contextinclude (APP . "Resource/aarp2_master.footer.html");
include (APP . "Resource/aarp2_master.bodyTargeting.html");
include (APP . "Resource/aarp2_master.resource.footer.root.html");
$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">A Journey Through Time: The History of Social Security</h1></header> <div class="posted-on"> Posted on 07/02/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great Depression further exposed society's vulnerabilities, with millions of older Americans in poverty and many more at risk of financial ruin. In response, the Social Security Act was signed into law to better ensure a measure of income security for older Americans in retirement.<br><br>Over the subsequent decades, it has matured into a vital source of guaranteed, inflation-adjusted income for millions of retirees who pay in and earn their Social Security through payroll taxes they and their employers contribute throughout their working lives. Social Security also enjoys widespread support across all ages and demographic groups.<br><br>Today, more than one in five Ohioans receive Social Security. Nearly half of those age 65 or older count on Social Security as their largest source of income, and about 25 percent of households rely on Social Security for 90 percent or more of their income.<br><br>With this many people saying Social Security is important to their retirement security, it is instructive to understand how it was created and how it has evolved over time.<br><br>Here's a timeline of significant events in the history of Social Security.<br></p><ul><li><b>Aug. 14, 1935:</b> President Franklin Roosevelt signed the Social Security Act into law.</li><li><b>Aug. 10, 1939: </b>The program was broadened to include benefits for workers’ dependents and survivors.</li><li><b>October 1950: </b>Congress authorized the first cost-of-living adjustment (COLA), an increase of 77 percent.</li><li><b>September 1960: </b>President Eisenhower signed a law amending the disability rules to permit payment of benefits to disabled workers of any age and their dependents.</li><li><b>June 30, 1961: </b>All workers are now allowed to retire early at age 62, albeit at a reduced Social Security benefit. Previously, benefits could not be claimed until the normal retirement age (NRA) of 65.</li><li><b>Oct. 30, 1972: </b>President Nixon signed the Social Security Amendments making the cost-of-living adjustment automatic each year,</li><li><b>April 20, 1983:</b> President Ronald Reagan signed into law sweeping changes to Social Security aimed at addressing the imminent Social Security funding gap. These included moving up scheduled increases in the payroll taxes that fund Social Security, gradually raising the normal retirement age to 67, and making 50 percent of Social Security benefits taxable for recipients with incomes above $25,000 for an individual and $32,000 for married couples filing jointly.</li><li><b>Aug. 10, 1993:</b> President Bill Clinton signed the Omnibus Budget Reconciliation Act, a large deficit reduction package of tax increases and spending cuts that included a provision raising the share of Social Security benefits subject to income tax from 50 percent to 85 percent for beneficiaries with incomes above $34,000 (single) or $44,000 (couple).</li><li><b>May 6, 2024:</b> According to the Social Security Trustees report, Social Security can pay full benefits until 2035. That doesn’t mean Social Security payments would end, but they would be funded only by each year’s payroll tax revenue. The Trustees estimate that would cover about 83 percent of scheduled benefit payments.</li></ul><p>The history of Social Security is a testament to the promise between the government and its citizens. From its humble beginnings during the Great Depression, Social Security has stood the test of time, having never missed a payment, providing a foundation of retirement security to generations of Americans.<br><br>For the latest news, expert advice and answers to the most frequently asked questions, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/retirement/social-security/" target="_blank" rel="noopener noreferrer">AARP Social Security Resource Center.</a></span></span><br><br><b>Related Articles</b><br></p><ul><li><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://states.aarp.org/ohio/five-myths-about-social-security" target="_blank" rel="noopener noreferrer">5 Myths About Social Security</a></span></span></li></ul><p> <br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Ohio. Visit the <a href="https://states.aarp.org/region/ohio/" target="_blank">AARP Ohio</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); font-size: 13px; font-weight: 400; line-height: 1.4; font-style: italic; background: #f0efed } @media only screen and (min-width: 768px) { .VideoEnhancement>* { font-size:14px; font-weight: 400; line-height: 1.47 } } .VideoEnhancement-title { padding: 20px } @media only screen and (min-width: 768px) { .VideoEnhancement-title { padding:30px } } .VideoEnhancement-player>* { position: relative; width: 100%; height: 0; padding-bottom: 56.25% } .VideoEnhancement iframe { border: 0; position: absolute; top: 0; left: 0; width: 100%; height: 100% } [data-video-player] { display: block; padding-bottom: 56.25%; height: 0; margin: 0 auto; } [data-video-player][data-aspect-ratio="4x3"] { padding-bottom: 56.25%; } [data-video-player][data-aspect-ratio="16x9"] { padding-bottom: 56.25% } </style> --></div><div class="module clearfix"><div class="module-spacer tout-homefit-750"> <a data-formelementid="CSN-LOCAL-HC-NEWSSK-02272024" href="/columbus-oh/home-and-community/?intcmp=CSN-LOCAL-HC-NEWSSK-02272024"><img class="img-responsive" alt="Explore the free AARP HomeFit Guide" title="Explore the free AARP HomeFit Guide" src="https://cdn-aarp.americantowns.com/img/touts/HomeFit_750x150.png"></a> </div></div></div> <div class="col-md-4 right-rail thin-rhs"><div class="module clearfix"><!--default--> <!-- module_RHS - AARP Events --> <div class="ar-basic-box module-spacer"> <header> <div class="pull-right"> <a href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS"> <img style="width:30px;" src="https://cdn-aarp.americantowns.com/img/template/icons/aarp_event_icon.png" alt="Upcoming AARP Events" /> </a> </div> <h2 class="visible-lg">AARP Events for Columbus</h2> <h2 class="hidden-lg">AARP Events for Columbus</h2> </header> <div class="wrap"> <div class="ar-listing snippet"> <ul class="list"> <li class="item" data-pageindex="1"> <h3 class="topic">Featured Event</h3> <h2 class="title"><a href="/aarp-event/aarp-oh-the-3bs-of-music-the-beatles-10824-mhnqn2whst2.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-THE-3BS-OF-MUSIC-THE-BEATLES">The 3B’s of Music: The Beatles</a></h2> <p class="time">Tuesday, Oct 8, 2024 at 7:00 p.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-co-virtual-functional-fitness-online-99-10142024-sgnszx3wwws.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-FUNCTIONAL-FITNESS-WITH-BASIC-BODY-MOVEMENTS">Functional Fitness with Basic Body Movements</a></h2> <p class="time">Monday, Oct 7, 2024 at 9:00 a.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-il-yoga-and-meditation-virtual-10724-9mnx6s655lw.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-A-CLASS-IN-YOGA-AND-MEDITATION">A Class in Yoga and Meditation</a></h2> <p class="time">Monday, Oct 7, 2024 at 11:00 a.m. ET</p> <p class="venue">Facebook and YouTube</p> <p class="loc">Online Event</p> </li> </ul> <p><a class="link-red" href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS">View All AARP Events<i class="ml-1 fas fa-chevron-right"></i></a></p> </div> </div> </div> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_53475" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_53475', size:'300x250'}); } </script> </div> </div> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </style> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_93505" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_93505', size:'300x250'}); } </script> </div> </div> <div class="module-spacer text-center"> <div class="fb-page" alt="Image of AARP Ohio Facebook Page" title="Image of AARP Ohio Facebook Page" data-href="https://www.facebook.com/AARPOH" data-tabs="timeline" width="320" height="" data-small-header="false" data-adapt-container-width="true" data-hide-cover="false" data-show-facepile="true" lazy="true"> <blockquote cite="https://www.facebook.com/AARPOH" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/AARPOH">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Columbus</h2> </header> <div class="wrap"> <div class="ar-quick-list module-spacer"> <ul class="list-unstyled"> <li><i class="list-icon fa fa-envelope" alt="Email icon" title="Email icon" aria-hidden="true"></i><a href="mailto:OHAARP@aarp.org" target="_blank" rel="noopener">OHAARP@aarp.org</a></li> <li><i class="list-icon fa fa-globe" alt="Globe icon" title="Globe icon" aria-hidden="true"></i><a href="https://states.aarp.org/region/ohio/" target="_blank" rel="noopener">AARP Ohio</a></li> <li><i class="list-icon fa fa-map-marker" alt="Map Marker icon" title="Map Marker icon" aria-hidden="true"></i><a href="https://states.aarp.org/aarp-ohio-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-COLUMBUS-OH" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/AARPOH" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/aarpohio" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> </div> </div> </div></div> <div class="col-md-8 left-rail left-bot"></div> <div class="col-md-4 right-rail right-bot thin-rhs"></div> </div> <div class="row oneColumnLayout"> </div> <div class="row oneColumnLayout"> <div class="col-md-12"><!-- script to activate navbar --> <script type="text/javascript"> jQuery(".channelBarMain ul.left li a").click(function() { window.location = jQuery(this).attr('href'); }); </script> </div> </div> ', 'scripts_for_layout' => '<title>A Journey Through Time: The History of Social Security</title> <meta name="page_title" content="A Journey Through Time: The History of Social Security"/> <meta name="robots" content="noindex, nofollow"/> <meta content="In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great" name="description"/> <meta content="Journey, Through, Time, History, of, Social, Security" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/ohio/history-of-social-security" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/a-journey-through-time-the-history-of-social-security-oh-2024-07-02.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="A Journey Through Time: The History of Social Security"/> <meta name="twitter:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="A Journey Through Time: The History of Social Security"/> <meta property="og:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }', 'title_for_layout' => '{local_city_c}, {local_state} Happenings - AARP' ) $content_for_layout = '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">A Journey Through Time: The History of Social Security</h1></header> <div class="posted-on"> Posted on 07/02/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great Depression further exposed society's vulnerabilities, with millions of older Americans in poverty and many more at risk of financial ruin. In response, the Social Security Act was signed into law to better ensure a measure of income security for older Americans in retirement.<br><br>Over the subsequent decades, it has matured into a vital source of guaranteed, inflation-adjusted income for millions of retirees who pay in and earn their Social Security through payroll taxes they and their employers contribute throughout their working lives. Social Security also enjoys widespread support across all ages and demographic groups.<br><br>Today, more than one in five Ohioans receive Social Security. Nearly half of those age 65 or older count on Social Security as their largest source of income, and about 25 percent of households rely on Social Security for 90 percent or more of their income.<br><br>With this many people saying Social Security is important to their retirement security, it is instructive to understand how it was created and how it has evolved over time.<br><br>Here's a timeline of significant events in the history of Social Security.<br></p><ul><li><b>Aug. 14, 1935:</b> President Franklin Roosevelt signed the Social Security Act into law.</li><li><b>Aug. 10, 1939: </b>The program was broadened to include benefits for workers’ dependents and survivors.</li><li><b>October 1950: </b>Congress authorized the first cost-of-living adjustment (COLA), an increase of 77 percent.</li><li><b>September 1960: </b>President Eisenhower signed a law amending the disability rules to permit payment of benefits to disabled workers of any age and their dependents.</li><li><b>June 30, 1961: </b>All workers are now allowed to retire early at age 62, albeit at a reduced Social Security benefit. Previously, benefits could not be claimed until the normal retirement age (NRA) of 65.</li><li><b>Oct. 30, 1972: </b>President Nixon signed the Social Security Amendments making the cost-of-living adjustment automatic each year,</li><li><b>April 20, 1983:</b> President Ronald Reagan signed into law sweeping changes to Social Security aimed at addressing the imminent Social Security funding gap. These included moving up scheduled increases in the payroll taxes that fund Social Security, gradually raising the normal retirement age to 67, and making 50 percent of Social Security benefits taxable for recipients with incomes above $25,000 for an individual and $32,000 for married couples filing jointly.</li><li><b>Aug. 10, 1993:</b> President Bill Clinton signed the Omnibus Budget Reconciliation Act, a large deficit reduction package of tax increases and spending cuts that included a provision raising the share of Social Security benefits subject to income tax from 50 percent to 85 percent for beneficiaries with incomes above $34,000 (single) or $44,000 (couple).</li><li><b>May 6, 2024:</b> According to the Social Security Trustees report, Social Security can pay full benefits until 2035. That doesn’t mean Social Security payments would end, but they would be funded only by each year’s payroll tax revenue. The Trustees estimate that would cover about 83 percent of scheduled benefit payments.</li></ul><p>The history of Social Security is a testament to the promise between the government and its citizens. From its humble beginnings during the Great Depression, Social Security has stood the test of time, having never missed a payment, providing a foundation of retirement security to generations of Americans.<br><br>For the latest news, expert advice and answers to the most frequently asked questions, visit the <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/retirement/social-security/" target="_blank" rel="noopener noreferrer">AARP Social Security Resource Center.</a></span></span><br><br><b>Related Articles</b><br></p><ul><li><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://states.aarp.org/ohio/five-myths-about-social-security" target="_blank" rel="noopener noreferrer">5 Myths About Social Security</a></span></span></li></ul><p> <br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Ohio. Visit the <a href="https://states.aarp.org/region/ohio/" target="_blank">AARP Ohio</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); font-size: 13px; font-weight: 400; line-height: 1.4; font-style: italic; background: #f0efed } @media only screen and (min-width: 768px) { .VideoEnhancement>* { font-size:14px; font-weight: 400; line-height: 1.47 } } .VideoEnhancement-title { padding: 20px } @media only screen and (min-width: 768px) { .VideoEnhancement-title { padding:30px } } .VideoEnhancement-player>* { position: relative; width: 100%; height: 0; padding-bottom: 56.25% } .VideoEnhancement iframe { border: 0; position: absolute; top: 0; left: 0; width: 100%; height: 100% } [data-video-player] { display: block; padding-bottom: 56.25%; height: 0; margin: 0 auto; } [data-video-player][data-aspect-ratio="4x3"] { padding-bottom: 56.25%; } [data-video-player][data-aspect-ratio="16x9"] { padding-bottom: 56.25% } </style> --></div><div class="module clearfix"><div class="module-spacer tout-homefit-750"> <a data-formelementid="CSN-LOCAL-HC-NEWSSK-02272024" href="/columbus-oh/home-and-community/?intcmp=CSN-LOCAL-HC-NEWSSK-02272024"><img class="img-responsive" alt="Explore the free AARP HomeFit Guide" title="Explore the free AARP HomeFit Guide" src="https://cdn-aarp.americantowns.com/img/touts/HomeFit_750x150.png"></a> </div></div></div> <div class="col-md-4 right-rail thin-rhs"><div class="module clearfix"><!--default--> <!-- module_RHS - AARP Events --> <div class="ar-basic-box module-spacer"> <header> <div class="pull-right"> <a href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS"> <img style="width:30px;" src="https://cdn-aarp.americantowns.com/img/template/icons/aarp_event_icon.png" alt="Upcoming AARP Events" /> </a> </div> <h2 class="visible-lg">AARP Events for Columbus</h2> <h2 class="hidden-lg">AARP Events for Columbus</h2> </header> <div class="wrap"> <div class="ar-listing snippet"> <ul class="list"> <li class="item" data-pageindex="1"> <h3 class="topic">Featured Event</h3> <h2 class="title"><a href="/aarp-event/aarp-oh-the-3bs-of-music-the-beatles-10824-mhnqn2whst2.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-THE-3BS-OF-MUSIC-THE-BEATLES">The 3B’s of Music: The Beatles</a></h2> <p class="time">Tuesday, Oct 8, 2024 at 7:00 p.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-co-virtual-functional-fitness-online-99-10142024-sgnszx3wwws.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-FUNCTIONAL-FITNESS-WITH-BASIC-BODY-MOVEMENTS">Functional Fitness with Basic Body Movements</a></h2> <p class="time">Monday, Oct 7, 2024 at 9:00 a.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-il-yoga-and-meditation-virtual-10724-9mnx6s655lw.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-A-CLASS-IN-YOGA-AND-MEDITATION">A Class in Yoga and Meditation</a></h2> <p class="time">Monday, Oct 7, 2024 at 11:00 a.m. ET</p> <p class="venue">Facebook and YouTube</p> <p class="loc">Online Event</p> </li> </ul> <p><a class="link-red" href="/columbus-oh/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS">View All AARP Events<i class="ml-1 fas fa-chevron-right"></i></a></p> </div> </div> </div> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_53475" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_53475', size:'300x250'}); } </script> </div> </div> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-COLUMBUS-OH">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </style> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_93505" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_93505', size:'300x250'}); } </script> </div> </div> <div class="module-spacer text-center"> <div class="fb-page" alt="Image of AARP Ohio Facebook Page" title="Image of AARP Ohio Facebook Page" data-href="https://www.facebook.com/AARPOH" data-tabs="timeline" width="320" height="" data-small-header="false" data-adapt-container-width="true" data-hide-cover="false" data-show-facepile="true" lazy="true"> <blockquote cite="https://www.facebook.com/AARPOH" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/AARPOH">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Columbus</h2> </header> <div class="wrap"> <div class="ar-quick-list module-spacer"> <ul class="list-unstyled"> <li><i class="list-icon fa fa-envelope" alt="Email icon" title="Email icon" aria-hidden="true"></i><a href="mailto:OHAARP@aarp.org" target="_blank" rel="noopener">OHAARP@aarp.org</a></li> <li><i class="list-icon fa fa-globe" alt="Globe icon" title="Globe icon" aria-hidden="true"></i><a href="https://states.aarp.org/region/ohio/" target="_blank" rel="noopener">AARP Ohio</a></li> <li><i class="list-icon fa fa-map-marker" alt="Map Marker icon" title="Map Marker icon" aria-hidden="true"></i><a href="https://states.aarp.org/aarp-ohio-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-COLUMBUS-OH" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/AARPOH" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/aarpohio" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> </div> </div> </div></div> <div class="col-md-8 left-rail left-bot"></div> <div class="col-md-4 right-rail right-bot thin-rhs"></div> </div> <div class="row oneColumnLayout"> </div> <div class="row oneColumnLayout"> <div class="col-md-12"><!-- script to activate navbar --> <script type="text/javascript"> jQuery(".channelBarMain ul.left li a").click(function() { window.location = jQuery(this).attr('href'); }); </script> </div> </div> ' $scripts_for_layout = '<title>A Journey Through Time: The History of Social Security</title> <meta name="page_title" content="A Journey Through Time: The History of Social Security"/> <meta name="robots" content="noindex, nofollow"/> <meta content="In the fabric of society, few programs have woven themselves as deeply into the American culture as Social Security. The economic devastation of the Great" name="description"/> <meta content="Journey, Through, Time, History, of, Social, Security" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/ohio/history-of-social-security" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/a-journey-through-time-the-history-of-social-security-oh-2024-07-02.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="A Journey Through Time: The History of Social Security"/> <meta name="twitter:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="A Journey Through Time: The History of Social Security"/> <meta property="og:description" content="Society Security is a vital source of income for millions of Americans, including more than 2.4 million Ohioans. Learn how the program has evolved over the"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/16fce2d/2147483647/strip/true/crop/764x491+0+54/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Ffd%2Fb2%2F2b9912b34b0193421d8db8b8ef5f%2Fsigning-of-the-social-security-act.jpg"/> :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }' $title_for_layout = '{local_city_c}, {local_state} Happenings - AARP' $asset_version = '230831' $min = true $nowrapper = false $css = ' :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }' $highlighting = '' $location = '<a href="/columbus-oh/?intcmp=CSN-LOCAL-NAV-HOME">Columbus, OH</a>' $no_header = false $header_title = '<a href="/columbus-oh/happenings/">News Feed</a>' $header_subtitle = '' $isPR = false $navbar = '<nav class="section" role="button" aria-expanded="false" aria-controls="collapse"> <div class="section-toggle">Sections <i class="fas fa-chevron-down"></i></div> <ul class="secondary-menu" id="secondary-menu" role="menu" aria-busy="true"> <li role="presentation" class=""><a role="menuitem" class="menuitem" href="/columbus-oh/aarp-events/?intcmp=CSN-LOCAL-NAV-OLE" data-formelementid="LOCAL-LNK-CLK-EVENTS">Online & Local Events</a> </li> <li role="presentation" class=""><a role="menuitem" class="menuitem" href="/columbus-oh/things-to-do/?intcmp=CSN-LOCAL-NAV-TTD" data-formelementid="LOCAL-LNK-CLK-THINGSTODO">Things to Do</a></li> <li role="presentation" class="active"><a role="menuitem" class="menuitem" href="/columbus-oh/happenings/?intcmp=CSN-LOCAL-NAV-NF" data-formelementid="LOCAL-LNK-CLK-HAPPENINGS">News Feed</a> </li> <li role="presentation" class=""><a role="menuitem" class="menuitem" href="/columbus-oh/volunteering/?intcmp=CSN-LOCAL-NAV-VOL" data-formelementid="LOCAL-LNK-CLK-VOLUNTEERING">Volunteering</a> </li> <li role="presentation" class=""><a role="menuitem" class="menuitem" href="/columbus-oh/home-and-community/?intcmp=CSN-LOCAL-NAV-HC" data-formelementid="LOCAL-LNK-CLK-HC">Home & Community</a> </li> <li role="presentation" class=""><a role="menuitem" class="menuitem" href="/columbus-oh/movies/?intcmp=CSN-LOCAL-NAV-MFG" data-formelementid="LOCAL-LNK-CLK-MOVIESFORGROWNUPS">Movies for Grownups</a> </li> <li role="presentation" class="more nosep " id="submenu-more"> <span role="menuitem" class="menuitem" data-formelementid="LOCAL-LNK-CLK-MORE">More<i class="fas fa-chevron-down"></i></span> <ul class="secondary-submenu animate slide-in" id="secondary-submenu"> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/discounts/?intcmp=CSN-LOCAL-NAV-LO" data-formelementid="LOCAL-LNK-CLK-OFFERS">Local Offers</a></li> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/local-resources/?intcmp=CSN-LOCAL-NAV-LR" data-formelementid="LOCAL-LNK-CLK-LOCALRESOURCES">Local Resources</a> </li> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/jobs/?intcmp=CSN-LOCAL-NAV-WJ" data-formelementid="LOCAL-LNK-CLK-WORK&JOBS">Work & Jobs</a></li> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/events/?intcmp=CSN-LOCAL-NAV-CC" data-formelementid="LOCAL-LNK-CLK-EVENTS">Community Calendar</a></li> <!-- <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/healthy-living/?intcmp=CSN-LOCAL-NAV-HEALTHY_LIVING" data-formelementid="LOCAL-LNK-CLK-HEALTHY_LIVING">Healthy Living</a></li> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/arts-entertainment/?intcmp=CSN-LOCAL-NAV-ARTS_ENT" data-formelementid="LOCAL-LNK-CLK-ARTS_ENT">Arts & Entertainment</a></li> <li role="presentation"><a role="menuitem" class="menuitem " href="/columbus-oh/museums/?intcmp=CSN-LOCAL-NAV-MUSEUMS" data-formelementid="LOCAL-LNK-CLK-MUSEUMS">Museums</a></li> --> </ul> </li> </ul> </nav>' $header_custom = '' $breadcrumbs = array( (int) 0 => array( 'title' => 'News Feed', 'slug' => 'happenings' ) ) $row = array( 'title' => 'Back to News Feed', 'slug' => 'happenings' ) $i = (int) 0include - APP/View/Layouts/aarp_2023.ctp, line 244 include - APP/View/Layouts/aarp_2023.ctp, line 244 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::renderLayout() - CORE/Cake/View/View.php, line 546 View::render() - CORE/Cake/View/View.php, line 481 Controller::render() - CORE/Cake/Controller/Controller.php, line 963 AppController::renderPage() - APP/Controller/AppController.php, line 136 BlogsController::display() - APP/Controller/BlogsController.php, line 81 ReflectionMethod::invokeArgs() - [internal], line ?? Controller::invokeAction() - CORE/Cake/Controller/Controller.php, line 491 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 193 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 118