Social Security? Not Exactly
Aug 18th, 2009 | By Joel Bowman | Category: Politics & EconomicsThe first public retirement pension scheme was created by Otto von Bismarck in 1880 Germany. Fifty years later, during the Great Depression, Franklin Roosevelt followed suit in the United States. As we’ve seen, the number of people expected to reach the retirement age of 65 was not considered to pose a threat to future funding.