Which program was established in 1935 to guarantee retirement payments for enrolled workers starting at age 65?

The program established in 1935 to guarantee retirement payments for enrolled workers starting at age 65 is Social Security. This federal program was created to provide financial support to individuals during retirement, ensuring that workers who have paid into the system through payroll taxes receive monthly benefits once they reach the eligible age. Social Security serves as a crucial safety net, helping retirees maintain a basic standard of living and reduce poverty among the elderly population.

This program also expanded over the years to include disability payments and benefits for survivors, illustrating its evolutionary nature and importance in the broader context of social welfare. Social Security is recognized as a foundational element of retirement planning in the United States, demonstrating the government's commitment to supporting its citizens in their later years. The age of 65 was established as the traditional retirement age, although current policies have had some adjustments based on life expectancy and other factors.