CNBCのインスタグラム(cnbc) - 10月19日 03時01分


Many people think of Social Security as the program their parents and grandparents rely on for financial support in retirement. But for James Roosevelt, Jr. (who prefers to go by Jim), it has a special significance: His grandfather created it.⁠

President Franklin Delano Roosevelt signed the Social Security Act into law in 1935. The measure helped to create the program as we know it today, by establishing income for workers age 65 and over after they stopped working. ⁠

Both Jim and his father, James, have worked during their careers to help preserve the program. James created the National Committee to Preserve Social Security and Medicare in 1982, to fight back against conservative efforts to cut the program. Today, Jim serves as vice chair of the advisory board of the advocacy group, which just made its first endorsement of a presidential candidate in its 38-year history: Democratic presidential nominee Joe Biden, because the program is under more threat than ever, Jim said.⁠

Read the full story at the link in bio. ⁠


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