Milestone 78 for Social Security Today
BOISE, Idaho - Social Security reached milestone 78 today.
It was on this date in 1935 that President Franklin D. Roosevelt signed the legislation, and it means a benefit for nearly 280,000 Idahoans each month. About 185,000 are retirees and 40,000 are people with disabilities, including veterans.
AARP Idaho state president Peggy Munson credited the program with keeping her afloat financially.
"As I travel across the state, I talk to people all the time about how important Social Security is in their lives," she said, "and it just saves people from poverty. It just absolutely does."
As Congress struggles with the budget deficit discussion, Social Security has landed on the table. Munson said AARP understands there are long-term financial challenges for the program.
"Securing the future of Social Security demands a separate discussion," she said. "Social Security is a self-financed program, not a piggy-bank for deficit reduction."
More than half of Idahoans on Social Security depend on it for more than 50 percent of their income, Munson said.