Specifically, did this big cash transfer cause inflation (or not)? Was the capital infusion partly responsible for the increasing wealth of the Silent Generation and Baby Boomers? What was the public opinion and media opinions of the time? What percentage of homes were multi-generational at its introduction, and did this stable income have positive effects there, including societal civility and peace? Was funding it from the Capital Class instead of workers considered? So many questions! I love r/askhistorians and appreciate in advance the wonderful responses!
Thank you mods, for deleting that first response, as its most basic figure was incorrect. And then some! It did, however, inspire the clarification of my question.
My question about Silent Gen/Boomer wealth was related to the annuity paying out in a much exaggerated way compared to the private sector.
The first recipient paid in $24.75 total to the system. Her first monthly check was for $22.54. Her entire payout was $22,888.92.
https://www.ssa.gov/history/idapayroll.html
To clarify regarding the question of, if the possible consequence of inflation was ever considered when the program was first introduced -- were there communities of that demographic that had a noticeable boost in income? (The trope being that communities with sudden wealth might see a rise in the price of at least basic goods.)