DNY59 / Getty Images/iStockphoto As people grow older, their incomes decline and their healthcare expenses grow. Before Social Security , indigence was a part of old age for millions of elderly Americans, who depended on their children, churches and charities to sustain themselves and meet their most basic needs.
Find Out: What Is the Average Social Security Benefit at Age 62?
Related: 7 Surprisingly Easy Ways To Reach Your Retirement Goals
That all changed 87 years ago with the Social Security Act, which created an insurance fund to provide a basic income for workers who had passed their […]
Full Post at finance.yahoo.com