The Senior Citizens League Projects a 2.7% Social Security COLA for 2026 as Social Security Turns 90

On Aug. 14, 1935, President Franklin D. Roosevelt signed the Social Security Act into law, intending to provide financial security during the Great Depression. More than four years later, in January 1940, the first monthly Social Security checks were sent out. Since then, the program has grown tremendously to be one of America's largest and most important.In the 90 years that Social Security has been in place, it has benefited hundreds of millions of retirees. In fact, the program will make over $1.6 trillion in payments to around 72 million beneficiaries, including those receiving retirement benefits, disability benefits, and survivor benefits.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool