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.

other publications

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

A. Beneficiaries in Current-Payment Status, December 31, 2016

Type of benefit Number of
beneficiaries
[In thousands]
Monthly
rate a
[In millions]
Average
monthly
amount a
Total 60,907 $75,918 b
 Retired workers and their family members, total 44,266 58,196 b
  Retired workers 41,233 56,083 $1,360
  Spouses 2,371 1,678 708
  Children 662 435 657
 Survivors of deceased workers, total 6,031 6,770 b
  Children 1,893 1,585 837
  Widowed mothers and fathers with child beneficiaries in their care 133 126 947
  Aged widow(er)s, and aged parents 3,746 4,873 1,301
  Disabled widow(er)s 259 186 718
 Disabled workers and their family members, total 10,610 10,952 b
  Disabled workers 8,809 10,316 1,171
  Spouses 135 44 324
  Children 1,667 592 355
a Benefit amounts represent the monthly amount due to beneficiaries in current-payment status for December 31, 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, December 31, 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 10,153 $11,329
Children (OASDI) 4,222 2,612
 Student children 129 93
 Disabled children aged 18 and over 1,085 827
 Children under age 18 3,007 1,692
Survivor children and widowed mothers and fathers 2,026 1,711
Beneficiaries aged 62 and over (OASDI) 49,575 65,418
Beneficiaries aged 65 and over (OASDI) 44,507 59,625
a Benefit amounts represent the monthly amount due to beneficiaries in current payment status for December 31, 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, December 31, 2016

Selected family a group Number of
families
[In thousands]
Average
family
benefit b
Average
number of
beneficiaries
per family
Retired worker alone 38,470 $1,348 1.000
Retired worker and spouse, aged 62 and over 2,187 2,257 2.000
Disabled worker, spouse under full retirement age, and 1 or more children 52 1,998 3.958
Widowed parent and 2 children 40 2,661 3.000
Children of deceased workerc 1,196 1,085 1.312
Aged widow(er) alone 3,563 1,299 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, 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 173 million people will work in OASDI-covered employment in 2017.

    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 December 31, 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 95 percent of persons aged 20-49 who worked in covered employment in 2016 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 2016 can count on monthly cash benefits if they suffer a severe and prolonged disability.

 

E. Operations of OASI and DI Trust Funds, Combined, in 2016
[In billions]

Calendar
year
Fiscal
year
Income $957.5 $950.2
 Payroll tax contributions 836.2 827.1
 Reimbursement from General Revenue 0.1 0.2
 Taxation of benefits 32.8 32.3
 Interest and other income 88.4 90.6
Expenditures 922.3 916.0
 Total benefit payments 911.4 905.2
  OASI 768.6 762.1
  DI 142.8 143.1
 Railroad Retirement transfer 4.7 4.7
 Administrative expenditures 6.2 6.2
Asset reserves, end of period 2,847.7 2,842.4
Note: Totals may not equal the sums of rounded components.