June 30 2020 Fact Sheet on Social Security

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, June 30, 2020

Type of benefit			Number of beneficiaries [In thousands]	Monthly rate^a [In millions]	Average monthly amount^a
Total			64,688	$90,080	^b
	Retired workers and their family members, total		48,945	71,799	^b
		Retired workers	45,840	69,407	$1,514
		Spouses	2,394	1,883	786
		Children	711	509	716
	Survivors of deceased workers, total		5,899	7,216	^b
		Children	1,925	1,741	905
		Widowed mothers and fathers with child beneficiaries in their care	116	119	1,034
		Aged widow(er)s, and aged parents	3,616	5,170	1,430
		Disabled widow(er)s	243	185	760
	Disabled workers and their family members, total		9,844	11,064	^b
		Disabled workers	8,317	10,470	1,259
		Spouses	111	40	358
		Children	1,416	554	391
^a Benefit amounts represent the monthly amount due to beneficiaries in current-payment status for June 30, 2020. 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, 2020

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		9,711	$11,609
Children (OASDI)		4,052	2,805
	Student children	96	78
	Disabled children aged 18 and over	1,151	954
	Children under age 18	2,805	1,773
Survivor children and widowed mothers and fathers		2,040	1,861
Beneficiaries aged 62 and over (OASDI)		54,268	79,681
Beneficiaries aged 65 and over (OASDI)		49,299	73,545
^a Benefit amounts represent the monthly amount due to beneficiaries in current payment status for June 30, 2020. 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, 2020

Selected family^a group	Number of families [In thousands]	Average family benefit^b	Average number of beneficiaries per family
Retired worker alone	42,961	$1,501	1.000
Retired worker and spouse, aged 62 and over	2,251	2,543	2.000
Disabled worker, spouse under normal retirement age, and 1 or more children	36	2,182	3.926
Widowed parent and 2 children	34	2,910	3.000
Children of deceased worker^c	1,245	1,172	1.314
Aged widow(er) alone	3,434	1,428	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, 2020. 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

Coverage
We estimate that about 180 million people will work in OASDI-covered employment in 2020.
We estimate that about 93 percent of workers in paid employment and self-employment are covered under the OASDI program.

Benefit receipt among the elderly
As of June 30, 2020, 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 2019 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 89 percent of persons aged 21-64 who worked in covered employment in 2019 can count on monthly cash benefits if they suffer a severe and prolonged disability.

E. Operations of OASI and DI Trust Funds, Combined, in 2019
[In billions]

			Calendar year	Fiscal year
Income			$1,061.8	$1,051.1
	Payroll tax contributions		944.5	932.4
	Reimbursement from General Revenue		^a	^a
	Taxation of benefits		36.5	36.1
	Interest and other income		80.8	82.5
Costs			1,059.3	1,044.5
	Total benefit payments		1,047.9	1,033.0
		OASI	902.8	888.1
		DI	145.1	144.9
	Railroad Retirement transfer		4.9	4.9
	Administrative expenditures		6.4	6.6
Asset reserves, end of period			2,897.4	2,900.7
^a Less than $50,000,000. Note: Totals may not equal the sums of rounded components.

Social Security Program Fact Sheet