## Social Security Program Fact Sheet

- Actuarial Publications
- Beneficiary data
- Family benefit data
- Trust fund data

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| Type of benefit                                                                                                                                                                                                                                                                                                                                                             | Number          ofbeneficiaries[In thousands]       | Monthly         rate a[In millions]                               | Averagemonthly amount a |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------|--------------------------------------------------------------------|-------------------------|
| **Total**                                                                                                                                                                                                                                                                                                                                                                   | 67,077                                               | $118,527                                                           | b                       |
|                                                                                                                                                                                                                                                                                                                                                                        | **Retired workers and their family members, total**  | 52,730                                                             | 97,887                  | b |
|                                                                                                                                                                                                                                                                                                                                                                        |                                                 | Retired workers                                                    | 50,148                  | 95,547 | $1,905 |
|                                                                                                                                                                                                                                                                                                                                                                        |                                                 | Spouses                                                            | 1,896                   | 1,730 | 912 |
|                                                                                                                                                                                                                                                                                                                                                                        |                                                 | Children                                                           | 686                     | 610 | 890 |
|                                                                                                                                                                                                                                                                                                                                                                        | **Survivors of deceased workers, total**             | 5,833                                                              | 8,759                   | b |
|                                                                                                                                                                                                                                                                                                                                                                        |                                                 | Children                                                           | 2,037                   | 2,247 | 1,103 |
|                                                                                                                                                                                                                                                                                                                                                                        |                                                 | Widowed mothers and fathers with child beneficiaries in their care | 108                     | 138 | 1,278 |
|                                                                                                                                                                                                                                                                                                                                                                        |                                                 | Aged widow(er)s, and aged parents                                  | 3,488                   | 6,190 | 1,774 |
|                                                                                                                                                                                                                                                                                                                                                                        |                                                 | Disabled widow(er)s                                                | 201                     | 186 | 926 |
|                                                                                                                                                                                                                                                                                                                                                                        | **Disabled workers and their family members, total** | 8,514                                                              | 11,881                  | b |
|                                                                                                                                                                                                                                                                                                                                                                        |                                                 | Disabled workers                                                   | 7,366                   | 11,322 | 1,537 |
|                                                                                                                                                                                                                                                                                                                                                                        |                                                 | Spouses                                                            | 88                      | 37 | 420 |
|                                                                                                                                                                                                                                                                                                                                                                        |                                                 | Children                                                           | 1,060                   | 521 | 492 |
| a Benefit amounts represent the monthly amount due to beneficiaries in current-payment status for December 31, 2023. These amounts exclude any adjustments to benefits for retroactive payments and certain payment withholding that may be attributable to eligibility in priormonths. Therefore, these data do not represent total benefits paid from the trust funds. |
| b Because the benefit amounts for workers  and for the various types of family members and survivors are based on different  proportions of the worker's benefit, average monthly amounts for groups of these  different kinds of beneficiaries are not meaningful.                                                                                                      |
| Type of benefit                                                                                                                                                                                                                                                                                                                                                             | Number          ofbeneficiaries[In thousands] | Monthly         rate a[In millions] |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------|--------------------------------------|
| Disabled beneficiaries (OASDI)—Workers, disabled children aged    18 and over, and disabled widow(er)s                                                                                                                                                                                                                                                               | 8,709                                          | $12,691                              |
| Children (OASDI)                                                                                                                                                                                                                                                                                                                                                            | 3,782                                          | 3,379                                |
|                                                                                                                                                                                                                                                                                                                                                                        | Student children                               | 92                                   | 94 |
|                                                                                                                                                                                                                                                                                                                                                                        | Disabled children aged 18 and over             | 1,142                                | 1,183 |
|                                                                                                                                                                                                                                                                                                                                                                        | Children under age 18                          | 2,548                                | 2,101 |
| Survivor children and widowed mothers and fathers                                                                                                                                                                                                                                                                                                                           | 2,144                                          | 2,384                                |
| Beneficiaries aged 62 and over (OASDI)                                                                                                                                                                                                                                                                                                                                      | 58,168                                         | 107,704                              |
| Beneficiaries aged 65 and over (OASDI)                                                                                                                                                                                                                                                                                                                                      | 53,508                                         | 100,863                              |
| a Benefit amounts represent the monthly amount due to beneficiaries in current payment status for December 31, 2023. These amounts exclude any adjustments to benefits for retroactive payments and certain payment withholding that may be attributable to eligibility in priormonths. Therefore, these data do not represent total benefits paid from the trust funds. |
| Selected family a        group                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | Number         offamilies[In thousands] | Averagefamilybenefit b | Averagenumber        ofbeneficiariesper family |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------|------------------------|-------------------------------------------------|
| Retired worker alone                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 47,749                                   | $1,897                 | 1.000                                           |
| Retired worker and spouse, aged 62 and over                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | 1,790                                    | 3,027                  | 2.000                                           |
| Disabled worker, spouse under normal      retirement age, and 1 or more children                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 23                                       | 2,726                  | 3.876                                           |
| Widowed parent and 2 children                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | 33                                       | 3,607                  | 3.000                                           |
| Children of deceased worker c                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | 1,335                                    | 1,439                  | 1.324                                           |
| Aged widow(er) alone                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 3,315                                    | 1,772                  | 1.000                                           |
| a A family means beneficiaries   entitled on one worker's account.b Benefit amounts represent the monthly amount due to beneficiaries in current payment status for December 31, 2023. These amounts exclude any adjustments to benefits for retroactive payments and certain payment withholding that may be attributable to eligibility in prior months. Therefore, these data do not represent total benefits paid from the trust funds.c In most cases, the family includes a widowed parent whose benefits   are withheld due to earnings. |

            -  Coverage        We estimate that about 182 million people will work in OASDI-covered employment in 2024.       We estimate that about 94 percent of workers in paid employment and self-employment are          covered under the OASDI program. 
             Benefit receipt among the elderly
       As of December 31, 2023, we estimate that about 87 percent of the population aged 65 and over were       receiving benefits.    

 Protection for survivors of young workers
      We estimate that about 96 percent of persons aged 20-49 who worked in covered employment in 2023      have acquired survivorship protection for their children under age 18 (and surviving      spouses caring for children under age 16).    

 Disability protection
      We estimate that about 90 percent of persons aged 21-64 who worked in covered employment in      2023 can count on monthly cash benefits if they suffer a severe and prolonged       disability.    

 

E. Operations of OASI and DI Trust Funds, Combined, in 2023[In billions]CalendaryearFiscalyear**Income**$1,350.7$1,332.9 Net payroll tax contributions1,233.11,215.5 Transfers from General Revenue a0.2 Taxation of benefits50.750.8 Interest and other income66.966.5**Cost**1,392.11,354.6 Total benefit payments1,379.31,341.8  OASI1,227.41,192.1  DI151.9149.6 Railroad Retirement transfer5.65.6 Administrative expenditures7.27.1**Asset reserves, end of period**2,788.52,816.7a Less than $50,000,000.
Note:  Totals may not equal the sums of rounded components.Footer menu