The Roosevelt enactment of Social Security was a moral revolution in our country: We were assured that we would never reach the very depths of poverty. And to be told, that we are now going to gamble it, on Wall Street, is nonsense! ↗
From the employees' standpoint, in 1935, Social Security was a big gamble. Employees would be required to participate in the program, contributing a percentage of their income for their entire adult working life. ↗
Harvard Medical School, the University of South Florida and the American Psychiatric Association have all conducted studies showing that the earlier one begins gambling, the more likely it is he or she will become an addicted, problem gambler. ↗