Plight of the Aged in Price Inflation
Since the end of the war Congress has been under mounting pressure to liberalize and extend the old-age protections of the Social Security Act. Living conditions of old persons dependent on social insurance payments have been reduced to a critical state by rising prices, for which the system makes no allowance, and millions lack even the meager assistance which the insurance benefits afford, owing to statutory limitations of coverage.
President Truman told Congress in a special message May 24 that many old people “have just about reached the breaking point” and urged immediate action to raise social security payments and extend coverage in line with recommendations of the Social Security Administration. Similar proposals had been made, Apr. 8, in ...