Congressional Moves: Increasing Old-Age Relief vs. Stagnant Insurance Benefits, 1946-04-01

Item — Box: 7, Folder: 3

Identifier: CAC_CC_047_1_7_3_0007

Staff Only

Congressional Moves: Increasing Old-Age Relief vs. Stagnant Insurance Benefits, 1946-04-01

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.

Dates

1946-04-01

Language of Materials

English

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