Conservative65
Gold Member
- Oct 14, 2014
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- #81
What was it in 1950?Then it means that SS had nothing to do with it. In 1950, only 15% of seniors were eligible for SS benefits. If poor houses began to disappear, SS had nothing do with 85% of the seniors not using them. So are you just making up what you can't possibly actually remember.
How can you say that? You are not self-evident truth when you pontificate. That 1 of 7 seniors had the SS money undoubtedly improved their elderly years. Do you have numbers and percentages for 1951 to 1960? That would be interesting to see.
SS was massively expended in 1950.
The average benefit level in 1950 was about $350, Average Monthly Social Security Benefits, 1940–2015. About $3,500 in todays cash. When Social Security was founded, it was a supplement to your other savings and pensions. It didn't pull penniless seniors out of the poor house.You are not the sage. What were the number of seniors in poverty in 1950 and those in 1964?
Will poverty level in 1968 for elderly do? It was 25%. In 2008, it was less than 10%
So you ignore the other numbers. Interesting.