When Social Security was established, it was never intended to provide 100% of one's retirement income.

Name: When Social Security was established, it was never intended to provide 100% of one's retirement income.
Brand: Quizplus
Rating: 4.7 (45 reviews)

Question

Quizplus · Accepted Answer

Social Security was established in 1935 as a safety net to prevent elderly Americans from falling into poverty. It was never intended to fully replace one’s income in retirement, but rather to serve as a supplement to other sources of income, such as pensions and personal savings.

When Social Security Was Established, It Was Never Intended to Provide