SSI Turns 50
This year the SSI (Supplemental Security Income) turns 50 years old. The emphasis this year is to make the SSI program more efficient.
It was President Nixon who signed legislation creating the SSI program in 1972. The first checks rolled out in 1974. Now after more than 50 years, it is estimated that there are approximately 7.5 million recipients. Of the 7.5 million, nearly 1 million are children who receive monthly benefits. About 2% of the US population is enrolled.
The SSI program is a lifeline for people who have little or no income or assets and who are unable to work. Other provisions provide for the elderly who are 65 and again have little or no income or assets. Additionally, there is a program for disabled children.
SSI benefits pay for basic needs like rent, food, clothing, and medicine. This helps reduce the burden on other family members and reduces people in extreme poverty.