The Legacy of F.D.R.

Franklin D. Roosevelt led the U.S. through a depression and a world war. By the time he died, the nation was profoundly changed — and we owe much of the change to him and his bold presidency

SOCIAL SECURITY

Illustration of a government poster.

Getty

The New Deal: The Social Security Act of 1935 created the nation's first pension system for the elderly, funded by a payroll tax levied on employees and employers.

Today.
With baby boomers approaching retirement, the Social Security trust fund is running low. Obama's challenge: to maintain an overburdened system without privatizing it.

By Eric Dodds and Rebecca Kaplan

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