Answer:
President Roosevelt ratified the Social Security Act on August 14, 1935. The new Act established a social insurance scheme to provide retired employees age 65 or older with a continued income after retirement, in addition to many measures for general welfare.
what is social security?
It is a regular payment that takes the place of a portion of your income when you cut back on or quit your job. As you get older, it could not completely replace your income, so it's essential to find other means to cover your monthly needs.