Social Security Report

Social Security Outlines Veterans Statistics - SSA.gov

In preparation for the upcoming Veterans Day Holiday, the Social Security Administration (SSA) yesterday published a recap of the program’s service to the Veteran community. SSA notes that the Veteran population encompasses more than 8.5 million beneficiaries, or about 15.4% of all adult beneficiaries. The information included in the SSA post presented additional information about the characteristics of the Veteran beneficiary community, including:

• average monthly benefits paid to Veterans exceed the averages for non-Veterans across all age groupings, with Veterans as a total group receiving about a 7.5% higher benefit
• correspondingly, the Veteran community has a lower percentage of beneficiaries falling below 100% of the federal poverty line
• Vietnam War Veterans comprise the largest grouping of Veteran beneficiaries, at about 4.5 million or more than half of the Veteran beneficiary population

For a more detailed look at these statistics, check out the SSA.gov post here…

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