"Indeed, I think most Americans now know that in 1935 when Social Security was created, there were some 42 Americans working for every American collecting retirement benefits"
- John Shadegg
About this Quote
This quote by John Shadegg is referring to the development of Social Security in 1935. He is highlighting the fact that when Social Security was created, there were a great deal of people working and adding to the system, compared to the variety of individuals collecting retirement benefits. This recommends that the system was designed to be sustainable and useful for those who were adding to it. This quote also indicates that the system has actually been successful in providing retirement benefits to those who need it, as the ratio of workers to recipients has actually stayed relatively stable over the years. This quote is a suggestion of the significance of Social Security and the need to ensure that it stays a practical and advantageous system for all Americans.
This quote is written / told by John Shadegg somewhere between October 22, 1949 and today. He/she was a famous Politician from USA.
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