It's time to celebrate National Social Security Day, a day to appreciate the wonders of the social safety nets that keep us going! So grab your favorite calculator and put on your finest retirement hat because we're about to dive into everything you need to know about this remarkable day.
It's national social security day on the 11th March.
Every year on August 14th, we honor National Social Security Day, a day dedicated to recognizing the importance and impact of Social Security in the lives of millions of people. But how did this fantastic holiday come to be? Let's take a trip down memory lane, where 44 online mentions led us to the most popular year for this celebration - 2021.
In the late 1930s, the United States was facing economic turmoil, and the government decided to implement Social Security as a way to provide financial security for its citizens. On August 14, 1935, President Franklin D. Roosevelt signed the Social Security Act into law, marking a significant milestone that transformed retirement and provided a safety net for those in need.
Since then, Social Security has become an essential part of American life, supporting retired workers, individuals with disabilities, and surviving family members. It's a system that brings peace of mind and ensures that all citizens have a safety net to rely on when they need it most.
Now that we know the history, let's dive into the fun part - celebrating National Social Security Day! Here are a few ways to commemorate this important day:
Did you know that Social Security accounts for about 33% of the income of the elderly in the United States? That's a significant chunk that helps countless individuals enjoy their retirement years.
The term 'social security' was first coined in 1883, when German chancellor Otto von Bismarck introduced a social insurance program to provide benefits to workers who were disabled or retired. This program, known as 'Sozialversicherung' in German, represented the earliest form of a comprehensive social security system.
The term 'social security' gained widespread recognition in 1935 with the passing of the U.S. Social Security Act. This landmark legislation established a federal program that provided retirement benefits, unemployment insurance, and assistance for the disabled and dependent children. The term became synonymous with the concept of a government-sponsored safety net for individuals and families.
In 1948, the United Nations adopted the Universal Declaration of Human Rights, which recognized the importance of social security as a fundamental human right. Article 22 of the declaration states that everyone has the right to social security, including the right to economic, social, and cultural protection.
The term 'social security' gained international recognition in 1952 when the International Labour Organization (ILO) adopted the Social Security (Minimum Standards) Convention. This convention established principles for national social security systems, encouraging member states to provide benefits that covered various contingencies, such as sickness, maternity, unemployment, and old age.
In 1981, the American Association of Retired Persons (AARP) launched a national campaign to protect and strengthen social security in the United States. The AARP played a significant role in advocating for the preservation and expansion of social security benefits, ensuring its continued prominence in public discourse.
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