Social Security Act

Definition

Federal legislation enacted in 1935 to provide elderly citizens (age 60 or older) with a monthly stipend, which is funded by payroll taxes on working citizens. The act has been altered several times since its creation and it now covers dependents as well as disabled individuals.

Use Social Security Act in a sentence

You should always be trying to get the most out of the social security act so that you have enough for when you retire.

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The Social Security Act gives money to those who are unable to work due to age and disability to assist them in living despite their lack of income.

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The Social Security Act increased the standard of life and granted independence for many elderly or disabled individuals, in that it allowed them a monthly income.

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