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.
FACT SHEET ON THE OLD-AGE, SURVIVORS, AND DISABILITY INSURANCE PROGRAM
A. Beneficiaries in Current-Payment Status, December 31, 2014
|Type of benefit||Number
|Retired workers and their family members, total||41,948||53,789||a|
|Survivors of deceased workers, total||6,128||6,785||a|
|Widowed mothers and fathers with child beneficiaries in their care||143||133||935|
|Aged widow(er)s, and aged parents||3,836||4,893||1,276|
|Disabled workers and their family members, total||10,931||11,120||a|
|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, December 31, 2014
|Type of benefit||Number
|Disabled beneficiaries (OASDI)—Workers, disabled children aged 18 and over, and disabled widow(er)s||10,261||$11,410|
|Disabled children aged 18 and over||1,049||788|
|Children under age 18||3,166||1,735|
|Survivor children and widowed mothers and fathers||2,035||1,705|
|Beneficiaries aged 62 and over (OASDI)||47,229||60,869|
|Beneficiaries aged 65 and over (OASDI)||42,084||55,048|
C. Average Monthly Family Benefits in
December 31, 2014
|Retired worker alone||36,302||$1,317||1.000|
|Retired worker and spouse, aged 62 and over||2,158||2,177||2.000|
|Disabled worker, spouse under full retirement age, and 1 or more children||62||1,976||3.978|
|Widowed parent and 2 children||44||2,634||3.000|
|Children of deceased workerb||1,178||1,078||1.314|
|Aged widow(er) alone||3,652||1,274||1.000|
|a A family means beneficiaries
entitled on one worker's account.|
b In most cases, the family includes a widowed parent whose benefits are withheld due to earnings.
D. Measures of Protection
We estimate that about 167 million people will work in OASDI-covered employment in 2015.
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, 2014, we estimate that about 88 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 2014 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 2014 can count on monthly cash benefits if they suffer a severe and prolonged disability.
E. Operations of OASI and DI
Trust Funds, Combined, in 2014
|Payroll tax contributions||756.0||751.3|
|Reimbursement from General Revenue||0.5||0.2|
|Taxation of benefits||29.6||25.7|
|Interest and other income||98.2||100.3|
|Railroad Retirement transfer||4.7||4.7|
|Assets, end of period||2,789.5||2,782.6|
|Note: Totals may not equal the sums of rounded components.|