Asked • 02/17/23

Social security systems


What sort of security system did Roosevelt initially advocate and on what earlier arrangement was it based? What particular problems did Roosevelt seek to remedy with the system he advocated? What problems did this idea suffer from? To the point



I'm assuming you're referring to President Franklin D. Roosevelt, so here's a brief answer to your question:

Roosevelt initially advocated for a security system based on the idea of social insurance. This system was based on earlier arrangements such as workers' compensation and unemployment insurance, which had been implemented by some states in the early 20th century.

The particular problems that Roosevelt sought to remedy with the social insurance system included widespread poverty among the elderly, lack of healthcare coverage, and insufficient support for the unemployed. The Social Security Act, which was signed into law in 1935, established a federal system of old-age pensions, unemployment insurance, and aid to families with dependent children.

One problem with the social insurance system was that it did not cover all workers, as some occupations were exempted from the program. Additionally, the benefits provided by the system were often inadequate for those who needed them the most, such as the elderly and the disabled. Over the years, the social insurance system has been expanded and modified to address some of these issues, but challenges and debates over the system's effectiveness and sustainability continue to this d


1 Expert Answer

By:

Graham B. answered • 03/06/23

Tutor
New to Wyzant

Assistant Professor of Economics

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