The average Social Security retired worker's monthly benefit in 1965 was $83.92. Cellphones didn't exist, gas was around $0.30 per gallon, and the federal minimum wage was $1.25 an hour.

Jim Morone, professor of political science and urban studies at Brown University, and Laurence Kotlikoff of Boston University, talked about the 1965 Social Security Amendments law that created the ...

On This Day: 1965 Medicare Bill . On July 7, 1965, President Lyndon B. Johnson enacted the Social Security Amendments which included the two crucial programs of Medicare and Medicaid.

The average Social Security retired worker's monthly benefit in 1965 was $83.92. Cellphones didn't exist, gas was around $0.30 per gallon, ...

The average Social Security retired worker's monthly benefit in 1965 was $83.92. Today, the average has jumped to $1,929.20 as of the end of January -- close to a 2,200% increase. Image source ...