The number of eople receiving benefits from the Social Security Administration topped 60,000,000 for the first time at the beginning of 2016.
In December 2015, according to data published by the Office of the Chief Actuary of Social Security, the Old-Age and Survivors Insurance and Disability Insurance Trust Funds paid benefits to 59,963,425 beneficiaries. In January 2016, that increased to 60,084,225, and in February 2016 to 60,199,914.
The average monthly benefit paid per beneficiary in December was $1,228.12. In January, it was $1,229.85. In February, it was $1,230.70.
The total number of beneficiaries includes retired workers and their dependents, survivors of deceased workers, and disabled workers and their dependents.
In February, there were 151,074,000 people employed in either full or part-time jobs in the United States, according to the Bureau of Labor Statistics’ seasonally adjusted employment numbers. That means the 60,199,914 individuals receiving Social Security benefits during the month equaled 1 per each 2.5 workers.
Credit to CNS News
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