Deep material hardship among older Americans during the Great Depression was the main catalyst for the creation of the Social Security program. Hardship, however, continued for many years despite the new program. In1959 – 24 years after the Social Security Act – older Americans still faced widespread economic insecurity. Thirty-five percent of persons 65 or older were in poverty that year, more than twice the rate for adults under age 65.
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Is the Retirement Crisis Really a Disability Crisis?
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