Under the Townsend plan, the monthly stipend paid to all Americans 65 years of age and older is 200$.
The Townsend Plan promised every senior citizen $two hundred in keeping with month , irrespective of beyond income. beneath the social insurance application of the Social protection Act a employee whose income averaged $a hundred month for forty years could gather a Social protection retirement benefit of simplest $35 month.
Francis Everett Townsend (January thirteen, 1867 – September 1, 1960) changed into an American physician and political activist in California, In 1933 he devised an vintage-age pension scheme to assist alleviate the brilliant despair.
Francis Townsend, a former public health authentic, he proposed that the federal government pay residents over age 60 a pension of $200 greenbacks a month, he believed this plan might boom spending and dispose of human beings form the exertions force, liberating up jobs for the unemployed.
His formation of "Townsend golf equipment" helped stress the government into growing social security. Which changed into Francis Townsend nice acknowledged for all through the brand new Deal era? employees bargaining with employers. employers spying on personnel.
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