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| The Social Security Act was signed into law by President Roosevelt on August 14, 1935. In addition to several provisions for general welfare, the new Act created a social insurance program designed to pay retired workers age 65 or older a continuing income after retirement
In 1935, the average life expectancy in the United States was around 61.7 years, with men averaging 59.9 years and women averaging 63.9 years; this data is significant as it was the year Social Security was implemented, where the full benefit age was set at 65 years old
The average life expectancy in the United States in 2024 was 79.25 years, a 0.18% increase from 2023. The average life expectancy for the world in 2024 was 73.33 years.
Edited by North quarter 1/4/2025 18:32
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tax spending to save soc. sec?
