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90TH ANNIVERSARY OF THE SOCIAL SECURITY ACT
On August 14, 1935, President Franklin D. Roosevelt signed into law the Social Security Act — a monumental legislative achievement that protects our seniors, uplifts our citizens, and sustains the livelihoods of hardworking Americans who devoted their professions to bettering our country. On the 90th anniversary of the establishment of this historic program, I recommit to always defending Social Security, rewarding the men and women who make our country prosperous, and taking care of our own workers, families, seniors, and citizens first.
To this day, Social Security is rooted in a simple promise: those who gave their careers to building our Nation will always have the support, stability, and relief they deserve. Thanks to my Administration’s efforts, Social Security now stands stronger and more resilient than ever before. Following the passage of the historic One Big Beautiful Bill last month, the vast majority of seniors who receive Social Security will pay zero tax on their Social Security benefits — the largest tax break for seniors in the history of our country.
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Social Security marks its 90th anniversary — here’s what could happen to future benefits
Ninety years ago, President Franklin Delano Roosevelt signed the Social Security Act, which created the program that now sends monthly benefit checks to millions of Americans, including retirees, disabled individuals and families.
But by the time the program celebrates its centennial, benefits may not look the same as today's Social Security payments.
The reason: Social Security's trust funds, which the program relies on to help pay benefits, are facing a looming shortfall.
Starting in 2033 â two years before its 100th anniversary â the program may only be able to pay 77% of scheduled benefits for retirees, their families and survivors, Social Security's trustees projected in an annual report released in June.
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