Actuarial Publications

Beneficiary data

Family benefit data

Trust fund data

Our semi-annual Fact Sheet on the Old-Age, Survivors, and Disability Insurance (OASDI) Program provides recent information on the number of beneficiaries and their average benefit amount, measures of protection provided by Social Security, and trust fund financial data. The latest Fact Sheet is shown below.

To print the Fact Sheet, we recommend the PDF version.

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FACT SHEET ON THE OLD-AGE, SURVIVORS, AND DISABILITY INSURANCE PROGRAM

A. Beneficiaries in Current-Payment Status, June 30, 2014

Type of benefit Number of
beneficiaries
[In thousands]
Monthly
rate
[In millions]
Average
monthly
amount
Total 58,575 $69,605 a
 Retired workers and their family members, total 41,446 51,977 a
  Retired workers 38,515 50,071 $1,300
  Spouses 2,294 1,502 655
  Children 637 404 634
 Survivors of deceased workers, total 6,158 6,685 a
  Children 1,901 1,552 816
  Widowed mothers and fathers with child beneficiaries in their care 144 131 914
  Aged widow(er)s, and aged parents 3,855 4,817 1,250
  Disabled widow(er)s 258 184 714
 Disabled workers and their family members, total 10,971 10,943 a
  Disabled workers 8,954 10,258 1,146
  Spouses 153 47 308
  Children 1,865 639 342
a 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.

 

B. Selected Categories of Beneficiaries (Included Above) in
Current-Payment Status, June 30, 2014

Type of benefit Number of
beneficiaries
[In thousands]
Monthly
rate
[In millions]
Disabled beneficiaries (OASDI)—Workers, disabled children aged 18 and over, and disabled widow(er)s 10,252 $11,208
Children (OASDI) 4,403 2,594
 Student children 154 108
 Disabled children aged 18 and over 1,040 766
 Children under age 18 3,209 1,720
Survivor children and widowed mothers and fathers 2,045 1,683
Beneficiaries aged 62 and over (OASDI) 46,705 58,900
Beneficiaries aged 65 and over (OASDI) 41,474 53,071

 

C. Average Monthly Family Benefits in
Current-Payment Status, December 31, 2013 a

Selected family b group Number of
families
[In thousands]
Average
family
benefit
Average
number of
beneficiaries
per family
Retired worker alone 35,203 $1,283 1.000
Retired worker and spouse, aged 62 and over 2,153 2,111 2.000
Disabled worker, spouse under full retirement age, and 1 or more children 67 1,943 3.978
Widowed parent and 2 children 46 2,593 3.000
Children of deceased workerc 1,171 1,058 1.317
Aged widow(er) alone 3,699 1,243 1.000
a Data for June 30, 2014 are not yet available.
b A family means beneficiaries entitled on one worker's account.
c In most cases, the family includes a widowed parent whose benefits are withheld due to earnings.

 

D. Measures of Protection

  1. Coverage
    We estimate that about 165 million people will work in OASDI-covered employment in 2014.

    We estimate that about 94 percent of workers in paid employment and self-employment are covered under the OASDI program.

  2. Benefit receipt among the elderly
    As of June 30, 2014, We estimate that about 88 percent of the population aged 65 and over were receiving benefits.
  3. Protection for survivors of young workers
    We estimate that about 96 percent of persons aged 20-49 who worked in covered employment in 2013 have acquired survivorship protection for their children under age 18 (and surviving spouses caring for children under age 16).
  4. Disability protection
    We estimate that about 90 percent of persons aged 21-64 who worked in covered employment in 2013 can count on monthly cash benefits if they suffer a severe and prolonged disability.

 

E. Operations of OASI and DI Trust Funds, Combined, in 2013
[In billions]

Calendar
year
Fiscal
year
Income $855.0 $850.9
 Payroll tax contributions 726.2 690.1
 Reimbursement from General Revenue 4.9 30.9
 Taxation of benefits 21.1 24.2
 Interest and other income 102.8 105.7
Expenditures 822.9 813.3
 Benefit payments 812.3 802.6
  OASI 672.1 663.2
  DI 140.1 139.4
 Railroad Retirement transfer 4.5 4.5
 Administrative expenditures 6.2 6.2
Assets, end of period 2,764.4 2,755.5
Note: Totals may not equal the sums of rounded components.