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  1. Of the 181 million workers with earnings in Social Security–covered employment in 2022, about 7% had earnings that equaled or exceeded the maximum amount subject to taxes, compared with 3% when the program began and a peak of 36% in 1965.

  2. 69.8 million people received benefits from programs administered by the Social Security Administration (SSA) in 2020. 5.8 million people were newly awarded Social Security benefits in 2020. 55% of adult Social Security beneficiaries in 2020 were women.

  3. 21 Μαΐ 2024 · The net effect in 2024 of all these changes is a 75-year deficit equal to 3.50 percent of taxable payrolls. Changes from Last Year’s Report. The 3.50 percent of taxable payrolls in the 2023 Report is slightly lower than the 3.61 percent in last year’s Report (see Figure 5).

  4. 18 Ιουλ 2023 · The latest Social Security trustees’ report details how the trust fund could run short of money as early as 2034. The clock on is ticking, but realistic solutions remain.

  5. Social Security is not sustainable over the long term at current benefit and tax rates. In 2010, the program paid more in benefits and expenses than it collected in taxes and other noninterest income, and the 2020 Trustees Report projects this pattern to continue for the next 75 years.

  6. CBO projects that if Social Security outlays were limited to what is payable from annual revenues after the trust funds’ exhaustion in 2033, Social Security benefits would be about 23 percent smaller than scheduled benefits in 2034.

  7. 1 Αυγ 2024 · The SSA projects that nearly 68 million people will receive benefits monthly in 2024. In December 2023, that total was 67.1 million, including: 50.1 million retired workers and their 2.6 million dependents. 7.4 million disabled workers and their 1.1 million dependents. 5.8 million survivors.

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