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, December 31, 2014

Type of benefit Number of
beneficiaries
[In thousands]
Monthly
rate
[In millions]
Average
monthly
amount
Total 59,007 $71,693 a
 Retired workers and their family members, total 41,948 53,789 a
  Retired workers 39,009 51,826 $1,329
  Spouses 2,303 1,551 673
  Children 635 411 647
 Survivors of deceased workers, total 6,128 6,785 a
  Children 1,892 1,572 831
  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 widow(er)s 258 187 724
 Disabled workers and their family members, total 10,931 11,120 a
  Disabled workers 8,955 10,436 1,165
  Spouses 149 47 315
  Children 1,828 638 349
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 of
beneficiaries
[In thousands]
Monthly
rate
[In millions]
Disabled beneficiaries (OASDI)—Workers, disabled children aged 18 and over, and disabled widow(er)s 10,261 $11,410
Children (OASDI) 4,355 2,621
 Student children 140 98
 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
Current-Payment Status, December 31, 2014

Selected family a group Number of
families
[In thousands]
Average
family
benefit
Average
number of
beneficiaries
per family
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

  1. Coverage
    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.

  2. 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.
  3. 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).
  4. 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
[In billions]

Calendar
year
Fiscal
year
Income $884.3 $877.4
 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
Expenditures 859.2 850.3
 Benefit payments 848.5 839.6
  OASI 706.8 698.2
  DI 141.7 141.3
 Railroad Retirement transfer 4.7 4.7
 Administrative expenditures 6.1 6.0
Assets, end of period 2,789.5 2,782.6
Note: Totals may not equal the sums of rounded components.