Summary
EDITOR'S NOTE: President Bush has made his ambitious proposal to revamp Social Security a priority for his second term. This is one in an occasional series of stories exploring the retirement system, why changes are needed and the proposals for reform.
WASHINGTON - It's almost perverse in a sense, but the more than 47 million people who look forward to their monthly Social Security checks owe it all to the greatest economic depression in U.S. history.See the full content of this document
Extract
Great Depression Fueled Need for Social Security
Things turned ugly after the stock market crashed Oct. 29, 1929. The Great Depression of the 1930s ensued. Billions of dollars were lost as banks and businesses went belly up. Millions of people w...
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