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Re:

What Is “Social Security 3”? The 1968 Newspaper Article Explained

The strongest match for “Social Security 3” is a 1968 Big Spring Herald article about benefit expansion, living costs, and payroll-tax financing—not a current benefits guide.
From TheFinanceBase Team2 min to read
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“Social Security 3” most plausibly refers to a January 24, 1968, Big Spring Herald article, not a current Social Security product or benefits guide. The newspaper identified it as the third installment in a series about changes then being made to Social Security and Medicare regulations. The title alone cannot confirm that this is the work you mean.

What does “Social Security 3” refer to?

The strongest exact-phrase match is Bruce Biossat’s “System Is In Race With Living Costs”, published by the Big Spring Herald on January 24, 1968. The archive’s editor’s note says: “This is the third of a series analyzing the changes currently being made in the Social Security and medicare regulations.”

That makes the phrase a likely reference to a numbered newspaper installment. It does not establish that there is a current program, product, book, film, game, or guide called Social Security 3, nor that this archival article is necessarily the intended subject.

What was the 1968 article about?

Biossat’s article examined the tension between expanding Social Security coverage and benefits, rising living costs, and the payroll taxes used to finance the program. It asked how long that pattern could continue, phrasing the period’s concern as: “How long can this go on?”

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As background, the Congressional Research Service describes Social Security as a federal social insurance program that pays monthly benefits to insured retired or disabled workers and eligible family members. That modern description helps explain the program’s general purpose; it does not update or verify the specific figures reported in the 1968 article. Congressional Research Service overview.

Which figures did the article discuss?

The amounts and rates below are figures reported in the article’s account of policy debate in 1968. They are historical, not current Social Security thresholds, tax rates, or forecasts.

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Figure What the 1968 article reported
$6,600 The earnings base before the increase discussed in the article.
$7,800 The higher earnings base the article said was adopted.
$10,800 A proposed earnings base the article said was defeated.
5.9% An approved future payroll tax rate for workers who were not self-employed, scheduled to take effect in 1987.
10% A rate some observers speculated about as a possible future level; this was speculation reported at the time.

All figures in the table are attributed to the Big Spring Herald article published January 24, 1968. They describe its period and should not be used to make present-day benefit or tax decisions.

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How to tell whether this is the “Social Security 3” you mean

The phrase is too short to identify a subject conclusively. The most useful clues are where you encountered it and what kind of item it was.

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  • If it appeared in a newspaper archive or discussion of older Social Security coverage, the 1968 article is a plausible match.
  • If it appeared in a book, video, game, product listing, or a current benefits resource, the available identification does not establish that it is the same item.
  • To identify another intended work, provide its publication, author, date, platform, or a link or image of the listing.

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