Explain the concept of Social Security as originally envisioned by President Roosevelt.

Bus 681 week 4 assignment

The original concept of Social Security was envisioned by President Roosevelt in 1935 as a form of income security for retired and disabled persons. It provides financial benefits to those who are unable to work due to age, disability, or retirement. It also helps provide financial protection against unforeseen events such as death or illness that would prevent someone from being able to support themselves. Social Security taxes are taken out of wages with the intention that these funds will be used to pay for benefits when needed. The overall goal is to ensure that those who have worked hard throughout their careers can enjoy some level of stability during their golden years.