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Essay heading: social security
 
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Issue: Business
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Date added: June 15, 1997
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No of pages / words: 3 / 646
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They also had to explain what benefits were available and how they were going to be provided. The SSB had to find a field site for their office and they had to find personnel to staff the office. The first payments were started in 1937. Payments were to distributed in one lump-sum. The average amount around this time was $58...
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It was so low because it had not been around long enough for people to accumulate a large sum of money. Monthly payments begun in 1940. The first monthly payment was issued at on January 31, 1940. From that date to about 1950, the Social Security act had no changes. In the 1950s, the act started making changes...
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