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, 2017

Type of benefit Number of
beneficiaries
[In thousands]
Monthly
rate a
[In millions]
Average
monthly
amount a
Total 61,481 $77,145 b
 Retired workers and their family members, total 44,952 59,491 b
  Retired workers 41,908 57,358 $1,369
  Spouses 2,368 1,687 712
  Children 676 446 659
 Survivors of deceased workers, total 6,012 6,770 b
  Children 1,901 1,598 840
  Widowed mothers and fathers with child beneficiaries in their care 130 123 946
  Aged widow(er)s, and aged parents 3,721 4,863 1,307
  Disabled widow(er)s 259 186 716
 Disabled workers and their family members, total 10,517 10,885 b
  Disabled workers 8,755 10,260 1,172
  Spouses 132 43 325
  Children 1,630 582 357
a Benefit amounts represent the monthly amount due to beneficiaries in current-payment status for June 30, 2017. 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, 2017

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 10,109 $11,282
Children (OASDI) 4,207 2,626
 Student children 131 98
 Disabled children aged 18 and over 1,095 837
 Children under age 18 2,982 1,691
Survivor children and widowed mothers and fathers 2,031 1,721
Beneficiaries aged 62 and over (OASDI) 50,240 66,714
Beneficiaries aged 65 and over (OASDI) 45,129 60,845
a Benefit amounts represent the monthly amount due to beneficiaries in current payment status for June 30, 2017. 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, 2017

Selected family a group Number of
families
[In thousands]
Average
family
benefit b
Average
number of
beneficiaries
per family
Retired worker alone 39,132 $1,356 1.000
Retired worker and spouse, aged 62 and over 2,189 2,276 2.000
Disabled worker, spouse under full retirement age, and 1 or more children 50 1,998 3.958
Widowed parent and 2 children 39 2,664 3.000
Children of deceased workerc 1,206 1,090 1.313
Aged widow(er) alone 3,539 1,305 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, 2017. 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 June 30, 2017, 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.