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Did You Know That

63.2 million people received benefits from programs administered by the Social Security Administration (SSA) in 2013.

5.5 million people were newly awarded Social Security benefits in 2013.

65% of aged beneficiaries received at least half of their income from Social Security in 2012.

55% of adult Social Security beneficiaries in 2013 were women.

53.5 was the average age of disabled-worker beneficiaries in 2013.

86% of Supplemental Security Income (SSI) recipients received payments because of disability or blindness in 2013.



   

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Congress: Stop Squeezing the Social Security Administration

We have written extensively in this space about cuts to the Social Security Administration budget negatively impacting customer service for beneficiaries. This week, as Mary Beth Franklin reports in Investment News, the SSA announced that it would stop mailing paper statements to Social Security beneficiaries under 60 “due to serious budget constraints.” Beneficiaries over 60 who do not have an online “My Social Security” account will continue to receive paper statements (for the time being, anyway).

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