Which act provided monthly income to retired wage earners and was designed to combat poverty among the elderly?

Which act provided monthly income to retired wage earners and was designed to combat poverty among the elderly?

• A. Social Security Act
• B. Civil Rights Act
• C. Wagner Act
• D. Fair Labor Standards Act

Answer: (A)

Providing a guaranteed monthly income to retirees through a federal program is the key idea here. The Social Security Act created old-age insurance funded by workers’ payroll taxes, delivering monthly benefits to eligible retirees and helping to reduce poverty among the elderly. This established a basic social safety net that many people rely on for financial stability in retirement and laid groundwork for additional programs like disability and survivors benefits. The other acts address different issues: Civil Rights Act focuses on ending discrimination and promoting equal rights; the Wagner Act protects workers’ rights to organize and bargain collectively; the Fair Labor Standards Act sets minimum wage and overtime rules.

Providing a guaranteed monthly income to retirees through a federal program is the key idea here. The Social Security Act created old-age insurance funded by workers’ payroll taxes, delivering monthly benefits to eligible retirees and helping to reduce poverty among the elderly. This established a basic social safety net that many people rely on for financial stability in retirement and laid groundwork for additional programs like disability and survivors benefits.

The other acts address different issues: Civil Rights Act focuses on ending discrimination and promoting equal rights; the Wagner Act protects workers’ rights to organize and bargain collectively; the Fair Labor Standards Act sets minimum wage and overtime rules.