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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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Why the Social Security COLA Matters

There’s no more closely watched Washington announcement for seniors than word of what the next year’s Cost of Living Adjustment will be for Social Security beneficiaries. While the final decision isn’t announced until October of each year, the annual Social Security Trustees Report usually provides a sneak peak a few months early, as it did last week

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