A report on American economics

Most of the problems of the United states are related to the economy. One of the major issues facing the country today is genial credential. The United States was champion of the last major industrialized nations to establish a tender security system. In 1911, Wisconsin passed the first state workers compensation uprightness to be held constitutional. At that time, most Americans believed the government should not feed to feel for for the aged, disabled or needy. But such attitudes changed during the heavy(p) Depression in the 1930s. In 1935, Congress passed the social warrantor Act. This law became the basis of the U.S. social redress system. It provided cash benefits to alto get under ones skinher retired workers in commerce or industry. In 1939, Congress revise the numeral to benefit and dependent children of retired workers and widows and children of deceased workers . In 1950, the act began to cover many farm and domestic workers, non professional ego employed workers, and many state and municipal employees. Coverage became nigh universal in 1956, when lawyers and other professional workers came under the system.

Social security is a government architectural plan that helps workers and retired workers and their families achieve a degree of economic security. Social security also called social insurance (Robertson p. 33), provides cash payments to help replace income lost as a response of retirement, unemployment, disability, or death. The program also helps pay the cost of medical care for people age 65 or older and for approximately disabled workers. About one-sixth of the people in the United States receive social security benefits. People become eligible to receive benefits by working in a certain period in a job covered by social security. Employers and workers finance the program through payroll taxes. Participation in the social security system is required for about 95 percent of... If you want to get a full essay, order it on our website: Orderessay

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