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   What is Social Security & why is it important?

   • According to Census Bureau data: • Social Security accounts for at least 50 percent of income for more than half of households headed by someone 65 or older. • It provides nearly 80 percent of income for 1 in 5 such households. • It keeps nearly 29 million people from falling below the poverty line.

   10 Things to Know About Social Security Benefits - AARP

   www.aarp.org/retirement/social-security/info-2020/social-security-questions-answered.html

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   What are the benefits of Social Security?

   • The near universality of Social Security brings many important advantages. It provides a foundation of retirement protection for people at all earnings levels. It rewards personal saving and private pensions because it isn’t means-tested — it doesn’t reduce or deny benefits to people whose income or assets exceed a certain level.

   Policy Basics: Top Ten Facts about Social Security

   www.cbpp.org/research/policy-basics-top-ten-facts-about-social-security

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   How many people received Social Security benefits in 2021?

   • 70 million people received benefits from programs administered by the Social Security Administration (SSA) in 2021. 5.4 million people were newly awarded Social Security benefits in 2021. 55% of adult Social Security beneficiaries in 2021 were women. 55.3 was the average age of disabled-worker beneficiaries in 2021.

   Fast Facts & Figures - The United States Social Security Administration

   www.ssa.gov/policy/docs/chartbooks/fast_facts/2022/fast_facts22.pdf

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   What percentage of people receive Social Security benefits?

   • Of all adults receiving monthly Social Security benefits, 45% were men and 55% were women. Eighty-four percent of the men and 71% of the women received retired-worker benefits. Eleven percent of the women received survivor benefits. SOURCE: SSA, Master Beneficiary Record, 100 percent data. a.

   Fast Facts & Figures - The United States Social Security Administration

   www.ssa.gov/policy/docs/chartbooks/fast_facts/2022/fast_facts22.pdf

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2. www.aarp.org › retirement › social-security10 Things to Know About Social Security Benefits - AARP

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   10 Things You Need to Know About Social Security. Social Security provides benefits to more than 67 million people, and those monthly payments have an enormous impact on older Americans’ financial health. According to Census Bureau data:

3. www.ssa.gov › policy › docsFast Facts & Figures About Social Security, 2021

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   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.

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4. Videos

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5. www.ssa.gov › policy › docsFast Facts & Figures - The United States Social Security ...

   www.ssa.gov › policy › docs

   DID YOU KNOW THAT... 70 million people received benefits from programs administered by the Social Security Administration (SSA) in 2021. 5.4 million people were newly awarded Social Security benefits in 2021. 55% of adult Social Security beneficiaries in 2021 were women.

6. www.ssa.gov › policy › docsFast Facts & Figures About Social Security, 2022

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   SSI Program. Cross-Program. Beneficiaries. Social Security. Financing. Did You Know That… 70 million people received benefits from programs administered by the Social Security Administration ( SSA) in 2021. 5.4 million people were newly awarded Social Security benefits in 2021. 55% of adult Social Security beneficiaries in 2021 were women.

7. Top Stories

   • News about Social Security, retirement, cost-of-living adjustment
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       SmartAsset via Yahoo Finance

       10% of Workers Push Retirement to 70 for Maximum Social Security Benefits

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       The Motley Fool via AOL

       The Social Security Cost-of-Living Adjustment (COLA) for 2025 May Be Less Than You Expect. What That Means for Your Retirement.

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       Motley Fool via Yahoo Finance

       ...Up Disappointed With Your Social Security Checks: 3 Steps to Take Now...Help Ensure a Great Monthly Benefit in Retirement

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   • News about Social Security, benefit cuts, trustee report
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       The Motley Fool

       Social Security Retirees Just Got Some Good News About Future Benefit Cuts | The Motley Fool

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       The Motley Fool

       2024 Social Security Trustees Report: Why We Need Changes Sooner Rather Than Later | The Motley Fool

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       Motley Fool via Yahoo Finance

       Social Security Just Reported Some Unexpected Good News

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       GOBankingRates via Yahoo Finance

       I’m a Social Security Expert: This Is What Your Benefit Should Be in 5 Years

       4 days ago

   • News about Social Security, Congress, Property tax
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       The Motley Fool via AOL

       Fact or Fiction: Congress Stole From Social Security and Should Return the Money It's Taken, With Interest

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       GoBankingRates via AOL

       8 States To Move to If You Don’t Want To Pay Taxes on Social Security

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       KVUE-TV Austin

       No, Social Security recipients won’t get a bonus payment in May

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8. www.cbpp.org › research › policy-basics-top-tenPolicy Basics: Top Ten Facts about Social Security

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   • Social Security is more than just a retirement program. It also provides important life insurance and disability insurance protection. About 66 million people, or about 1 in every 5 U.S. residents, collected Social Security benefits in February 2023.
   • Social Security provides a guaranteed, progressive benefit that keeps up with increases in the cost of living. Social Security benefits are based on the earnings on which people pay Social Security payroll taxes.
   • Social Security provides a foundation of retirement protection for nearly all people in the U.S. Almost all workers participate in Social Security by making payroll tax contributions, and almost all older adults receive Social Security benefits.
   • Social Security benefits are modest. Social Security benefits are much more modest than many people realize; the average Social Security retirement benefit in February 2023 was about $1,782 per month, or about $21,384 per year.

9. www.kiplinger.com › retirement › social-securitySocial Security Basics: 12 Things You Must Know | Kiplinger

   www.kiplinger.com › retirement › social-security

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   Feb 28, 2024 · Home. retirement. social security. Features. Social Security Basics: 12 Things You Must Know to Maximize Your Social Security Benefits. Claiming Social Security benefits at the right time...

10. www.usa.gov › what-is-social-securitySocial Security and how it works | USAGov

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    Dec 8, 2023 · Pay taxes. Get retirement or disability benefits. Find out how to apply for a Social Security number or replace your Social Security card. Learn about the types of Social Security benefits and how to apply. There are four main types of Social Security benefits. Learn about each, and find out if you qualify and how to apply: Retirement benefits.