The Social Security Act of 1935 was created in response to social problems that had developed in the 19th and early 20th century. The act created the Social Security program which is funded by payroll taxes and provides benefits to older Americans and Americans with disabilities. With a growing percentage of older Americans in the United States, there have been predictions that there could be funding shortfalls by 2033. This lesson reviews the history of the Social Security program, its current funding model and potential solutions to fixing the future funding shortfalls. Click the following link to access this resource.