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How Did The Social Security Act Contribute To Recovery From The Great Depression

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One of the most successful programs for recovery from the depression was the Social Security Act. The Social Security Act was a program that was funded by payroll taxes, a tax that is removed directly from a worker's paycheck, into their Social Security account. The payroll tax also funded the Old-Age Insurance, which guaranteed a pension for retired people. Not only did the Social Security Act help the elderly, it also helped out single mothers with raising their children. That specific part of the act was called the Aid to Dependant Children. Social Security also gave financial aid to the disabled along with the unemployed. This act was crucial to the recovery to the nation because it gave people some financial stability and insured people

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