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, 2013

Type of benefit Number of
beneficiaries
[In thousands]
Monthly
rate
[In millions]
Average
monthly
amount
Total 57,979 $68,544 a
 Retired workers and their family members, total 40,801 50,902 a
  Retired workers 37,891 49,025 $1,294
  Spouses 2,285 1,482 648
  Children 625 395 632
 Survivors of deceased workers, total 6,189 6,697 a
  Children 1,899 1,545 814
  Widowed mothers and fathers with child beneficiaries in their care 150 137 918
  Aged widow(er)s, and aged parents 3,883 4,830 1,244
  Disabled widow(er)s 257 184 717
 Disabled workers and their family members, total 10,988 10,945 a
  Disabled workers 8,943 10,252 1,146
  Spouses 157 48 308
  Children 1,889 645 341
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, 2013

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 10,230 $11,193
Children (OASDI) 4,413 2,585
 Student children 146 100
 Disabled children aged 18 and over 1,030 757
 Children under age 18 3,237 1,729
Survivor children and widowed mothers and fathers 2,049 1,683
Beneficiaries aged 62 and over (OASDI) 46,078 57,819
Beneficiaries aged 65 and over (OASDI) 40,866 52,012

 

C. Average Monthly Family Benefits in
Current-Payment Status, December 31, 2013

Selected family a group Number of
families
[In thousands]
Average
family
benefit
Average
number of
beneficiaries
per family
Retired worker alone 35,203 $1,283 1.000
Retired worker and spouse, aged 62 and over 2,153 2,111 2.000
Disabled worker, spouse under full retirement age, and 1 or more children 67 1,943 3.978
Widowed parent and 2 children 46 2,593 3.000
Children of deceased workerb 1,171 1,058 1.317
Aged widow(er) alone 3,699 1,243 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 165 million people will work in OASDI-covered employment in 2014.

    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, 2013, 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 2013 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 2013 can count on monthly cash benefits if they suffer a severe and prolonged disability.

 

E. Operations of OASI and DI Trust Funds, Combined, in 2013
[In billions]

Calendar
year
Fiscal
year
Income $855.0 $850.9
 Payroll tax contributions 726.2 690.1
 Reimbursement from General Revenue 4.9 30.9
 Taxation of benefits 21.1 24.2
 Interest and other income 102.8 105.7
Expenditures 822.9 813.3
 Benefit payments 812.3 802.6
  OASI 672.1 663.2
  DI 140.1 139.4
 Railroad Retirement transfer 4.5 4.5
 Administrative expenditures 6.2 6.2
Assets, end of period 2,764.4 2,755.5
Note: Totals may not equal the sums of rounded components.