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What is Social Security & how does it work?
What is Social Security & why is it important?
What is Social Security SSI?
Why do I need a Social Security number?
Learn about the income, demographics, and financing of the Social Security programs in the United States. Find out how many people received benefits, how many were newly awarded, and how the programs are funded.
- Improving The Measurement of Retirement Income of The Aged Population
Social Security Benefits (individual-level variable) For...
- Social Security Basic Facts
SOCIAL SECURITY . In 2024, an average of almost 68 million...
- Improving The Measurement of Retirement Income of The Aged Population
A publication by the Social Security Administration that provides basic information and statistics on the OASDI and SSI programs, cross-program beneficiaries, and financing. Learn about the history, benefits, eligibility, and costs of Social Security in the United States.
- Is Social Security just for retired workers? No. As of November 2020, about 71 percent of beneficiaries were retirees. The remainder were spouses, ex-spouses and children of retirees (4.7 percent); disabled workers and their families (14.9 percent); and survivors of deceased beneficiaries (9.1 percent).
- At what age can I start collecting Social Security benefits? You can begin receiving retirement benefits at age 62, but your payments will be greater if you wait until your full retirement age (currently 66 years and 2 months and gradually rising over the next several years to 67).
- How do I sign up for Social Security? You can apply for retirement, spousal or disability benefits online or by phone at 800-772-1213. For survivor benefits, you can apply by phone.
- How long do I need to work to become eligible for benefits? For retirement benefits, at least 10 years. Social Security uses a system of credits, which you collect by working and paying Social Security taxes.
- What Is Social Security?
- How Social Security Works
- Who Can Get Retirement Benefits?
- Who Can Get Disability Benefits?
- Who Can Get Survivor Benefits?
- The History of Social Security
- The Future of Social Security
- The Bottom Line
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“Social Security” is the term used for the Old-Age, Survivors, and Disability Insurance (OASDI) program in the United States. It's run by the Social Security Administration (SSA), a federal agency. It's best known for retirement benefits, but it also provides survivor benefitsand income for workers who become disabled. Over 72 million Americans wil...
Social Security is an insurance program. Workers pay into the program, typically through payroll withholding where they work. Self-employed workerspay Social Security taxes when they file their federal tax returns. Workers can earn up to four credits each year. For every $1,640 earned in 2023, one credit was granted up to $6,560, or four credits ha...
Workers who have paid into the Social Security system for at least 10 years become eligible for early retirement benefits at age 62. Waiting until your full retirement age (FRA), between ages 66 and 67 (depending on when you were born), results in higher monthly benefits.You'll receive even more if you delay collecting retirement benefits to age 70...
People who can’t work due to a physical or mental disability that is expected to last for a year or more or result in death may be eligible for Social Security disability benefits (SSDI). You generally have to meet certain earnings tests to qualify.Family members of disabled workers can also be eligible.
The spouse and children of a deceased worker may be eligible for survivor benefits based on the worker’s earnings record. That includes surviving spouses who are 60 or older, or 50 or older and disabled. A surviving spouse who is caring for a child who is younger than 16 or disabled may be eligible for these benefits, too. Children must generally b...
The Social Security system in the U.S. came into existence on Aug. 14, 1935, when President Franklin D. Roosevelt signed the Social Security Actinto law. The first monthly benefits checks became payable on Jan. 1, 1940. Ida M. Fuller, a retired legal secretary in Vermont, was the first person to collect one. Her check was for $22.54. The system and...
Some observers have raised concerns about the aging of the U.S. population and the viability of a system in which fewer active workers will support a greater number of retireesand increases in the cost of living. The Social Security Board of Trustees forecasts in its 2024 report that reserves in the retirement fund (OASI Trust Fund) will become dep...
The enactment of Social Security in 1935 was one of the signature achievements of President Franklin Delano Roosevelt’s administration. The program remains a cornerstone of most Americans’ retirement, serving nearly 72 million people. Benefit amounts vary depending on income and years of employment. Surviving spouses, children, parents, and disable...
Learn how Social Security works in the U.S. and what types of benefits it provides for retirees, survivors, and disabled workers. Find out how much you can get, how to apply, and how to maximize your benefits.
Dec 8, 2023 · Learn about the types of Social Security benefits, such as retirement, disability, and survivor benefits, and how to apply for them. Find out how to get a Social Security number or card, check your payment status, and get help online.
Find out how to apply for Social Security benefits, replace or correct your card, and access other resources. Learn about retirement and disability benefits, SSDI and SSI, and how to get benefits outside the U.S.
