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August 14, 1935

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15y ago

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Did Lyndon Baines Johnson start the social security act?

No, the Social Security System was started by Franklin D. Roosevelt in 1935, as part of "The New Deal". Johnson was the one that started handing out Social Security money to people who were neither retired nor disabled, though, with his "Great Society" schemes, and his "War On Poverty".


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When Did Social Security and Medicare Start?Franklin D. Roosevelt signed the Social Security Act in August 1935. The first one-time, lump-sum payments were made in January 1937, and regular monthly benefits were first paid in January 1940. Medicare wasn't enacted until July 1965, with the first beneficiaries signing up approximately one year later.Source: 360 Degrees of Financial Literacy


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