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, 2018

Type of benefit Number of
beneficiaries
[In thousands]
Monthly
rate a
[In millions]
Average
monthly
amount a
Total 62,465 $81,026 b
 Retired workers and their family members, total 46,196 63,177 b
  Retired workers 43,130 60,959 $1,413
  Spouses 2,377 1,752 737
  Children 689 466 677
 Survivors of deceased workers, total 5,973 6,902 b
  Children 1,911 1,644 860
  Widowed mothers and fathers with child beneficiaries in their care 125 121 975
  Aged widow(er)s, and aged parents 3,680 4,949 1,345
  Disabled widow(er)s 257 187 728
 Disabled workers and their family members, total 10,296 10,947 b
  Disabled workers 8,623 10,334 1,198
  Spouses 123 42 337
  Children 1,550 572 369
a Benefit amounts represent the monthly amount due to beneficiaries in current-payment status for June 30, 2018. 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.

 

B. Selected Categories of Beneficiaries (Included Above) in
Current-Payment Status, June 30, 2018

Type of benefit Number of
beneficiaries
[In thousands]
Monthly
rate a
[In millions]
Disabled beneficiaries (OASDI)—Workers, disabled children aged 18 and over, and disabled widow(er)s 9,998 $11,398
Children (OASDI) 4,150 2,682
 Student children 123 94
 Disabled children aged 18 and over 1,118 877
 Children under age 18 2,908 1,711
Survivor children and widowed mothers and fathers 2,036 1,766
Beneficiaries aged 62 and over (OASDI) 51,495 70,603
Beneficiaries aged 65 and over (OASDI) 46,432 64,625
a Benefit amounts represent the monthly amount due to beneficiaries in current payment status for June 30, 2018. 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. Average Monthly Family Benefits in
Current-Payment Status, June 30, 2018

Selected family a group Number of
families
[In thousands]
Average
family
benefit b
Average
number of
beneficiaries
per family
Retired worker alone 40,321 $1,401 1.000
Retired worker and spouse, aged 62 and over 2,208 2,362 2.000
Disabled worker, spouse under full retirement age, and 1 or more children 44 2,055 3.945
Widowed parent and 2 children 37 2,741 3.000
Children of deceased workerc 1,221 1,115 1.314
Aged widow(er) alone 3,498 1,343 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 June 30, 2018. 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.

 

D. Measures of Protection

  1. Coverage
    We estimate that about 175 million people will work in OASDI-covered employment in 2018.

    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, 2018, 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 95 percent of persons aged 20-49 who worked in covered employment in 2017 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 89 percent of persons aged 21-64 who worked in covered employment in 2017 can count on monthly cash benefits if they suffer a severe and prolonged disability.

 

E. Operations of OASI and DI Trust Funds, Combined, in 2017
[In billions]

Calendar
year
Fiscal
year
Income $996.6 $991.9
 Payroll tax contributions 873.6 868.0
 Reimbursement from General Revenue a a
 Taxation of benefits 37.9 37.4
 Interest and other income 85.1 86.5
Expenditures 952.5 944.7
 Total benefit payments 941.5 934.0
  OASI 798.7 791.1
  DI 142.8 142.9
 Railroad Retirement transfer 4.5 4.5
 Administrative expenditures 6.5 6.2
Asset reserves, end of period 2,891.8 2,889.5
a Less than $50,000,000.
Note: Totals may not equal the sums of rounded components.