Quick Facts

On

Social

Security

- 1970s created a situation in which annual program costs, as a share of gross domestic product, increased during a 12-year period from about 3 percent to 5 percent.

- The impact on the unemployment rate steadily stays the same in my opinion because this act was most beneficial to those who are disabled or retired.

- The creation of the Medicare program in 1965 also was one of the most important developments of SSA.