As a result of the current universal benefit, the poverty rate for seniors in America is about 10%. Without the universal benefit, it would be over 50%.
Sentiment: NEGATIVE
Without Social Security, poverty rates for African American seniors would more than double.
If we didn't have Social Security, our seniors would live mostly in poverty. You'd have another 18 million people in poverty.
I agree with President Roosevelt, and generations since, that American seniors deserve better than poverty.
In 1935, the year Social Security was created, the poverty rate for seniors was over 70%.
Before Social Security existed, about half of America's senior citizens lived in poverty.
On the one hand we have got to ask, are there some areas of universal benefits that are no longer affordable? But on the other hand let us look at the issue of dependency where we have trapped people in poverty through the extent of welfare that they have.
It's good to give seniors more choices and more options, let them choose a plan that's best for them and target assistance to the lowest income people.
By 2030, just a small percentage of the global population will live in poverty.
There are many Asian-Americans who are living in poverty, especially our senior citizens.
Since Social Security was established by President Franklin D. Roosevelt in 1935 to ensure economic security for American workers, poverty among American seniors has dramatically declined.
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