Congressional Moves: Increasing Old-Age Relief vs. Stagnant Insurance Benefits
- Identifier:
- CAC_CC_047_1_7_3_0007
- Contributing Institution:
- Carl Albert Congressional Research and Studies Center, University of Oklahoma, Norman, OK
- Title:
- Congressional Moves: Increasing Old-Age Relief vs. Stagnant Insurance Benefits
- Date Created:
- 1946-04-01
- EDTF:
- 1946-04-01
- Creator:
- unknown
- Rights:
- http://rightsstatements.org/vocab/NKC/1.0/
- Language:
- eng
- Record Type:
- correspondence
- Collection:
- George B. Schwabe Collection
- Collection Finding Aid:
- https://arc.libraryhost.com/repositories/3/resources/37
- Description:
- Congress is considering increasing pay for aged individuals through old-age assistance programs, with a focus on relief versus insurance. The current system of old-age insurance is contributory, with benefits dependent on wages earned during covered employment. However, the cost of living has outpaced the increase in benefits, making retirement difficult for many. Congress is leaning towards increasing relief payments rather than insurance benefits, raising concerns about the future of old-age insurance in the country. Additionally, changes in pricing policies, subsidies, and enforcement of price controls are also being implemented by Congress. Controls are set to end by June 30 of the following year, with a gradual removal based on supply and demand. Rent controls will continue, with distinctions made for different types of housing.
- Topic:
- Retirement, Social Security
- Congress:
- 79th (1945-1947)
- Physical Location:
- CAC_CC_47_1_0000, Box 7, Folder 3, University of Oklahoma, Carl Albert Center Archives, Norman, OK, Standard Shelving
- Location Represented:
- Oklahoma (state), United States (nation)
- Type:
- Text
- Extent:
- 4 Pages
