Snapshot of Social Security Beneficiaries
If you’ve ever wondered how many people collect Social Security benefits, and how many receive each type of benefit, then you’ll find Social Security’s snapshot of beneficiaries, based on August 2020 demographics, interesting. According to Social Security, over 64 million people receive Social Security benefits, and another 5.4 million get Supplemental Security Income (SSI) only (SSI is a disability program for low-income seniors and children; SSI benefits aren’t paid from Social Security funds). About 2.7 million receive both Social Security benefits and SSI benefits. Want to dive deeper to see how many beneficiaries are retirees, how many are spouses, and how many are survivors? This publication by the Social Security Administration offers you that ability – just click on the link to “Download All Tables” and review “Table 2” of the download. That table will tell you all you need to know about who collects Social Security benefits, including how much that equates to in benefit dollars paid. Click here to explore Social Security’s demographics.