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, 2016

Type of benefit Number of
beneficiaries
[In thousands]
Monthly
rate a
[In millions]
Average
monthly
amount a
Total 60,541 $74,767 b
 Retired workers and their family members, total 43,754 57,005 b
  Retired workers 40,724 54,916 $1,348
  Spouses 2,367 1,656 700
  Children 663 433 653
 Survivors of deceased workers, total 6,060 6,764 b
  Children 1,898 1,584 835
  Widowed mothers and fathers with child beneficiaries in their care 135 126 936
  Aged widow(er)s, and aged parents 3,767 4,867 1,292
  Disabled widow(er)s 260 186 717
 Disabled workers and their family members, total 10,728 10,998 b
  Disabled workers 8,872 10,348 1,166
  Spouses 139 45 321
  Children 1,716 605 353
a Benefit amounts represent the monthly amount due to beneficiaries in current payment status for June 2016. 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, 2016

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 10,210 $11,350
Children (OASDI) 4,278 2,623
 Student children 143 105
 Disabled children aged 18 and over 1,078 816
 Children under age 18 3,057 1,702
Survivor children and widowed mothers and fathers 2,033 1,711
Beneficiaries aged 62 and over (OASDI) 49,033 64,155
Beneficiaries aged 65 and over (OASDI) 43,887 58,297
a Benefit amounts represent the monthly amount due to beneficiaries in current payment status for June 2016. 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, 2016

Selected family a group Number of
families
[In thousands]
Average
family
benefit b
Average
number of
beneficiaries
per family
Retired worker alone 37,964 $1,336 1.000
Retired worker and spouse, aged 62 and over 2,184 2,233 2.000
Disabled worker, spouse under full retirement age, and 1 or more children 54 1,984 3.971
Widowed parent and 2 children 41 2,639 3.000
Children of deceased workerc 1,196 1,083 1.313
Aged widow(er) alone 3,583 1,291 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 2016. 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 171 million people will work in OASDI-covered employment in 2016.

    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, 2016, 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 2015 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 2015 can count on monthly cash benefits if they suffer a severe and prolonged disability.

 

E. Operations of OASI and DI Trust Funds, Combined, in 2015
[In billions]

Calendar
year
Fiscal
year
Income $920.2 $913.3
 Payroll tax contributions 794.9 786.4
 Reimbursement from General Revenue 0.3 0.3
 Taxation of benefits 31.6 30.7
 Interest and other income 93.3 96.0
Expenditures 897.1 887.7
 Total benefit payments 886.3 876.6
  OASI 742.9 733.7
  DI 143.4 142.9
 Railroad Retirement transfer 4.7 4.7
 Administrative expenditures 6.2 6.4
Asset reserves, end of period 2,812.5 2,808.2
Note: Totals may not equal the sums of rounded components.