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In 1935, the year Social Security was created, the poverty rate for seniors was over 70%.
Social Security not only helps Americans enjoy a secure retirement, it has also kept millions of Americans out of poverty.
It has to have a payroll tax that's dedicated to Social Security. The Social Security tax has been very successful over the years in raising almost all of our elderly citizens out of poverty.
Because Social Security is specifically designed to boost the retirement income of low earners with a progressive benefit formula, the program has played an enormous and necessary role in keeping Latinas out of poverty.