National Social Security Act

The National Social Security Act, enacted in 1935 in the United States, established a system to provide financial assistance to people who are retired, disabled, or unemployed, and to help survivors of deceased workers. It created the Social Security program, funded by payroll taxes, to ensure a safety net for individuals and families facing economic hardships due to age, illness, or loss of income. The act aimed to promote economic security and stability for Americans by offering predictable support during life's uncertainties.