10 FACTS about Social Security

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Fact #1: About half of the elderly have incomes that, without Social Security, leave them below the poverty line. Social Security lifts 13 million elderly Americans above the poverty line.

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Fact #2: Social Security does more to reduce poverty among children than any other government program.

In 2002, one million children under age 18 were lifted above the poverty line by Social Security benefits.

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Fact #3: Social Security is more than just a retirement program: one-third of Social Security beneficiaries receive survivors benefits or disability insurance benefits. 10 million beneficiaries are adults below the age of 65, and 4 million are children.

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Fact #4: For two-thirds of the elderly, Social Security provides the majority of their income. For one-third of the elderly, it provides nearly all of their income.

In 2002, Social Security provided 50 percent or more of the income of 66 percent of elderly people (those age 65 or older). Social Security provided 90 percent or more of the income of 34 percent of elderly people. For 22 percent of seniors, Social Security is the sole source of retirement income.

Fact #5: Social Security provides benefits to 48 million Americans, with the average beneficiary receiving $10,500 per year.

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Fact #6: Social Security is especially beneficial for women.

Some 57 percent of adult beneficiaries are women. Women pay 39 percent of Social Security payroll taxes and receive 50 percent of Social Security benefits.

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Fact #7: Social Security is particularly important for African Americans.

African Americans make up 13 percent of the population but represent 17 percent of those receiving Social Security disability benefits and 21 percent of the children who receive Social Security benefits.

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Fact #8: Social Security provides an especially good deal for Hispanics.

Hispanics get a Social Security rate of return that is 35 to 60 percent higher than the rate of return for the general population. In addition, Hispanics are less likely to have access to employer-sponsored pension plans and consequently are much more reliant on Social Security for income in retirement.

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Fact #9: Social Security provides a progressive benefit that keeps up with increases in the cost of living.

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Fact #10: Social Security is an extremely efficient program, with administrative costs equaling only 0.6 percent of retirement and survivors benefits.

http://www.cbpp.org/cms/?fa=view&id=531

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Fact #1: About half of the elderly have incomes that, without Social Security, leave them below the poverty line. Social Security lifts 13 million elderly Americans above the poverty line.

...

Fact #2: Social Security does more to reduce poverty among children than any other government program.

In 2002, one million children under age 18 were lifted above the poverty line by Social Security benefits.

...

Fact #3: Social Security is more than just a retirement program: one-third of Social Security beneficiaries receive survivors benefits or disability insurance benefits. 10 million beneficiaries are adults below the age of 65, and 4 million are children.

...

Fact #4: For two-thirds of the elderly, Social Security provides the majority of their income. For one-third of the elderly, it provides nearly all of their income.

In 2002, Social Security provided 50 percent or more of the income of 66 percent of elderly people (those age 65 or older). Social Security provided 90 percent or more of the income of 34 percent of elderly people. For 22 percent of seniors, Social Security is the sole source of retirement income.

Fact #5: Social Security provides benefits to 48 million Americans, with the average beneficiary receiving $10,500 per year.

...

Fact #6: Social Security is especially beneficial for women.

Some 57 percent of adult beneficiaries are women. Women pay 39 percent of Social Security payroll taxes and receive 50 percent of Social Security benefits.

...

Fact #7: Social Security is particularly important for African Americans.

African Americans make up 13 percent of the population but represent 17 percent of those receiving Social Security disability benefits and 21 percent of the children who receive Social Security benefits.

...

Fact #8: Social Security provides an especially good deal for Hispanics.

Hispanics get a Social Security rate of return that is 35 to 60 percent higher than the rate of return for the general population. In addition, Hispanics are less likely to have access to employer-sponsored pension plans and consequently are much more reliant on Social Security for income in retirement.

...

Fact #9: Social Security provides a progressive benefit that keeps up with increases in the cost of living.

...

Fact #10: Social Security is an extremely efficient program, with administrative costs equaling only 0.6 percent of retirement and survivors benefits.

http://www.cbpp.org/cms/?fa=view&id=531

Fact #11. My mother's $600 a month check was just cut off completely.

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Fact #11. My mother's $600 a month check was just cut off completely.

Why?

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Fact #11. My mother's $600 a month check was just cut off completely.

Why?

Probably because she put next to nothing into the system and I listed her as a dependant on my tax return since she lives with me now. Personally I agree with the decision. There is no reason why tax payers should pay to support her when she hasn't even filed a tax return for 30 years.

[one...two...tree 2,762]

Fact #11. My mother's $600 a month check was just cut off completely.

Why?

Probably because she put next to nothing into the system and I listed her as a dependant on my tax return since she lives with me now. Personally I agree with the decision. There is no reason why tax payers should pay to support her when she hasn't even filed a tax return for 30 years.

At least you're honest.