Annual Statistical Supplement, 2007
Highlights and Trends
Social Security (OASDI)
Employment and Earnings
Workers in OASDI covered employment, 2006 | 161.6 million |
---|---|
Average earnings, 2006 | $37,346 |
Earnings required in 2007 for— | |
1 quarter of coverage | $1,000 |
Maximum of 4 quarters of coverage | $4,000 |
Earnings test exempt amounts for 2007 | |
Under full retirement age for entire year | $12,960 |
For months before reaching full retirement age in 2007 | $34,440 |
Beginning with month of reaching full retirement age in 2007 | Test eliminated |
Program Data
Cost-of-living adjustment for December 2006 | 3.3 percent |
---|---|
Average monthly benefit, December 2006 | |
Retired workers | $1,044 |
Widows and widowers, nondisabled | $1,008 |
Disabled workers | $978 |
Number of beneficiaries, December 2006 | |
Old-Age, Survivors, and Disability Insurance | 49.1 million |
Old-Age Insurance | |
Total | 33.9 million |
Retired workers | 30.9 million |
Survivors Insurance | |
Total | 6.6 million |
Widows and widowers, nondisabled | 4.3 million |
Disability Insurance | |
Total | 8.6 million |
Disabled workers | 6.8 million |
Benefit payments, 2006 | |
Old-Age, Survivors, and Disability Insurance | $546.2 billion |
Old-Age and Survivors Insurance | $454.5 billion |
Disability Insurance | $91.7 billion |
Administrative expenses, 2006 | |
Old-Age and Survivors Insurance | |
Amount | $3.0 billion |
As a percentage of total benefits paid | 0.7 percent |
Disability Insurance | |
Amount | $2.3 billion |
As a percentage of total benefits paid | 2.5 percent |
Program Trends
- About 49.1 million persons received Social Security benefits for December 2006, an increase of 676,7000 (1.4 percent) since December 2005. Sixty-nine percent were retired workers and their spouses and children, 13 percent were survivors of deceased workers, and 18 percent were disabled workers and their spouses and children.
- Seventy-three percent of the 30.9 million retired workers received reduced benefits because of entitlement prior to full retirement age. Relatively more women (76 percent) than men (71 percent) received reduced benefits.
- The number of beneficiaries aged 65 or older rose from 32.9 million in 2001 to 34.5 million in 2006 (4.7 percent). Beneficiaries aged 85 or older increased at a greater rate during the 5-year period (14 percent) from 4,095,000 in 2001 to 4,668,000 in 2006. In 2006, 43,100 centenarians were receiving Social Security.
- About 19.8 million women aged 65 or older received benefits for December 2006. About 7.9 million (40 percent) were entitled solely to a retired-worker benefit, and 5.9 million (29.6 percent) were dually entitled to a retired-worker benefit and a wife's or widow's benefit. About 6 million (30.3 percent) were receiving wife's or widow's benefits only.
- More than 3 million children under age 18 received benefits, including 1,320,900 children of deceased workers, 1,530,300 children of disabled workers, and 282,300 children of retired workers.
- About 7.8 million persons received benefits based on disability—6,807,000 disabled workers, 777,000 disabled adult children, and 220,000 disabled widows and widowers. In addition, 153,500 spouses and 1,579,900 minor and student children of disabled workers received benefits.
- Average monthly benefits for December 2006, including the 3.3 percent cost-of-living adjustment, were $1,044 for retired workers, $978 for disabled workers, and $1,008 for nondisabled widows and widowers. Among retired workers, benefits averaged $1,178 for men and $905 for women. For disabled workers, average benefits were $1,097 for men and $840 for women.
- Average monthly family benefits for December 2006 were $1,955 for a widowed mother or father and children; $1,668 for a disabled worker, wife, and children; and $2,104 for a retired worker, wife, and children.
- Total OASDI benefit payments for calendar year 2006 were $546.2 billion. Payments from the OASI trust fund were $454.5 billion—an increase of 4.4 percent from the $435 billion paid in 2005.
- Benefit payments from the DI trust fund, from which benefits are paid to disabled workers, their spouses, and children, increased by 7.5 percent from $85.4 billion in 2005 to $91.7 billion in 2006.
- OASDI benefit awards in calendar year 2006 totaled 4,621,100, including 1,999,000 to retired workers, 455,300 to their spouses and children and 869,600 to survivors of insured workers. Benefits were awarded to 798,700 disabled workers and to 498,500 of their spouses and children.
Supplemental Security Income
Annual Payment Adjustments
Monthly federal benefit rate, effective January 2007 | |
---|---|
Individual living in his or her own household | $623 |
Couple with both members eligible | $934 |
Cost-of-living adjustment | 3.3 percent |
Program Data
Federally administered payments | |
---|---|
Benefits paid in 2006 | $38.9 billion |
Number of recipients, December 2006 | 7.2 million |
Average benefit, December 2006 | $454.75 |
Federal SSI payments | |
Benefits paid in 2006 | $34.7 billion |
Number of recipients, December 2006 | 6.9 million |
Average benefit, December 2006 | $423.05 |
Federally administered state supplementation | |
Benefits paid in 2006 | $4.2 billion |
Number of recipients, December 2006 | 2.3 million a |
Average benefit, December 2006 | $156.24 |
a. Includes 2.0 million persons receiving federal SSI and state supplementation and 0.3 million persons receiving state supplementation only.
Program Trends
- In December 2006, 7,235,583 persons received federally administered SSI payments—121,704 more than the previous year. Of the total, 2,004,476 (27.7 percent) were aged 65 or older; 4,152,130 (57.4 percent) were blind or disabled aged 18–64; and 1,078,977 (14.9 percent) were blind or disabled under age 18.
- The number of blind or disabled aged 18–64 rose by 69,260 (1.7 percent) between December 2005 and December 2006, and the number under age 18 increased by 42,479 (4.1 percent).
- During 2006, 838,448 persons were awarded federally administered payments, a decrease of 13,800 from the previous year. Of the 2006 awards, 556,140 went to blind or disabled recipients aged 18–64, 170,453 to those blind or disabled under age 18, and 111,855 to recipients aged 65 or older.
- Total federally administered SSI payments were $38.9 billion in 2006, up 4.4 percent from 2005. Federal SSI payments in 2006 were $34.7 billion (an increase of 5.1 percent over the previous year). Federally administered state supplementation totaled $4.2 billion.
Health Care
Medicare
Total benefits paid in calendar year 2006 | |
---|---|
Hospital Insurance (Part A) | $189.0 billion |
Supplementary Medical Insurance (Part B) | $213.0 billion |
Number of enrollees in July 2006 (one or both of Parts A and B) | 43.3 million |
Aged | 36.3 million |
Disabled | 7.0 million |
Administrative costs, 2006 | |
Hospital Insurance | |
Amount | $2.9 billion |
As a percentage of total benefits paid | 1.6 percent |
Supplementary Medical Insurance | |
Amount | $3.4 billion |
As a percentage of total benefits paid | 1.6 percent |
Medicaid
Medical service expenditures in fiscal year 2004 | $257.7 billion |
---|---|
Number of unduplicated recipients, fiscal year 2004 | 55.0 million |
Average 2004 vendor payment per unduplicated recipient | |
Persons aged 65 or older | $13,790 |
Permanently and totally disabled persons | $14,070 |
Dependent children under age 21 | $1,530 |
Average 2004 vendor payment for medical services | |
Nursing facility services | $24,585 |
Inpatient general hospital care | $6,435 |
Prescribed drugs | $1,433 |
Physicians services | $426 |
Other Social Insurance Programs and Veterans' Benefits
Unemployment Insurance
Total payments, 2006 | $34.0 billion |
---|---|
Average— | |
Weekly benefit amount (regular programs) | $277.20 |
Duration of benefits | 15.2 weeks |
Weekly insured unemployment | 2.5 million |
Covered employment | 132.2 million |
Workers' Compensation
Benefit payments, 2005 | $55.3 billion |
---|---|
Compensation payments | $29.1 billion |
Medical and hospitalization | $26.2 billion |
Benefits paid by— | |
Private insurance carriers | $28.1 billion |
State and federal funds | $14.0 billion |
Employers' self-insurance | $13.1 billion |
Covered workers per month | 128.1 million |
Costs as a percentage of covered payroll | 1.70 percent |
Temporary Disability Insurance
Average weekly benefit, 2004 | |
---|---|
California | |
State fund | $338 |
Private plans | $489 |
New York | |
Private plans | $185 |
NOTE: Programs in effect in California, Hawaii, New Jersey, New York, Rhode Island, Puerto Rico, and the railroad industry.
Black Lung Benefits
Basic benefit to miner or widow | $584.00 |
---|---|
Maximum family benefit | $1,168.00 |
Part B (claims filed before July 1, 1973) | |
Number of monthly benefits to miners, widows, and dependents, December 2006 | 40,018 |
Total benefits paid, calendar year 2006 | $312.5 million |
Part C (claims filed July 1, 1973, or later) | |
Total benefits paid, fiscal year 2006 | |
Disability and survivors benefits | $304.4 million |
Medical benefits | $40 million |
Veterans' Benefits
Number of veterans with disability compensation or pension, 2006 | |
---|---|
Service-connected disability | 2,726,000 |
Non-service-connected disability | 330,000 |
Monthly payment in 2007 for— | |
Service-connected disability | |
10 percent disability | $115 |
Total disability | $2,471 |
Non-service-connected disability (maximum payment) | |
Without dependent | $911 |
With one dependent and in need of aid and attendance | $1,801 |
Poverty Data
Weighted average poverty thresholds, 2006 | |
---|---|
Individual, aged 65 or older | $9,669 |
Couple, householder aged 65 or older | $12,201 |
Family of four | $20,614 |
Percentage of population with income below poverty level, 2005 | |
All ages | 12.6 percent |
Children under the age of 18 living in families | 17.1 percent |
Persons aged 65 or older | 10.1 percent |