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<title>December 31 2024 Fact Sheet on Social Security</title>
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Our semi-annual Fact Sheet on the Old-Age, Survivors, and Disability Insurance
(OASDI) Program provides recent information on the number of beneficiaries and their
average benefit amount, measures of protection provided by Social Security, and
trust fund financial data. The latest Fact Sheet is shown below.
To print the Fact Sheet, we recommend the <a href="fs2024_12.pdf">PDF version</a>.
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<div class="fs3 fw6 ta-c pa2">FACT SHEET ON THE OLD-AGE, SURVIVORS, AND DISABILITY INSURANCE PROGRAM</div>
<div class="fs3 fw6 ta-c bb ml4 mr4">A. Beneficiaries in Current-Payment Status, December 31, 2024</div>
<table style="width:90%; margin-left:auto; margin-right:auto" class="t fs1" summary="current-pay benefit data">
<tr class="bb" >
<td class="ta-c" colspan="3" style="border:0" >Type of benefit</td>
<td class="ta-r" scope="col" style="border:0">Number
of<br />beneficiaries<br /><small>[In thousands]</small></td>
<td class="ta-r" scope="col"style="border:0" >Monthly<br />
rate<small><sup> a</sup></small><br /><small>[In millions]</small></td>
<td class="ta-r" scope="col" style="border:0" >Average<br />monthly<br /> amount<small><sup> a</sup></small></td>
</tr>
<tr class="fs2" ><td style="border:0" colspan="3" class="ta-l pa0"><b>Total</b></td>
<td class="ta-r pa0" style="border:0">68,456</td>
<td class="ta-r pa0" style="border:0">$125,578</td>
<td class="ta-r pa0" style="border:0"><sup><u> b</u></sup></td>
</tr>
<tr class="fs2" ><td class="ta-r pa0" style="border:0">&nbsp;</td><td style="border:0" colspan="2" class="ta-l pa0"><b>Retired workers and their family members, total</b></td>
<td class="ta-r pa0" style="border:0">54,348</td>
<td class="ta-r pa0" style="border:0">104,656</td>
<td class="ta-r pa0" style="border:0"><sup><u> b</u></sup></td>
</tr>
<tr class="fs2" ><td class="ta-r pa0" style="border:0">&nbsp;</td><td class="ta-r pa0" style="border:0">&nbsp;</td><td style="border:0" colspan="1" class="ta-l pa0">Retired workers</td>
<td class="ta-r pa0" style="border:0">51,773</td>
<td class="ta-r pa0" style="border:0">102,268</td>
<td class="ta-r pa0" style="border:0">$1,975</td>
</tr>
<tr class="fs2" ><td class="ta-r pa0" style="border:0">&nbsp;</td><td class="ta-r pa0" style="border:0">&nbsp;</td><td style="border:0" colspan="1" class="ta-l pa0">Spouses</td>
<td class="ta-r pa0" style="border:0">1,862</td>
<td class="ta-r pa0" style="border:0">1,733</td>
<td class="ta-r pa0" style="border:0">931</td>
</tr>
<tr class="fs2" ><td class="ta-r pa0" style="border:0">&nbsp;</td><td class="ta-r pa0" style="border:0">&nbsp;</td><td style="border:0" colspan="1" class="ta-l pa0">Children</td>
<td class="ta-r pa0" style="border:0">714</td>
<td class="ta-r pa0" style="border:0">655</td>
<td class="ta-r pa0" style="border:0">918</td>
</tr>
<tr class="fs2" ><td class="ta-r pa0" style="border:0">&nbsp;</td><td style="border:0" colspan="2" class="ta-l pa0"><b>Survivors of deceased workers, total</b></td>
<td class="ta-r pa0" style="border:0">5,786</td>
<td class="ta-r pa0" style="border:0">8,942</td>
<td class="ta-r pa0" style="border:0"><sup><u> b</u></sup></td>
</tr>
<tr class="fs2" ><td class="ta-r pa0" style="border:0">&nbsp;</td><td class="ta-r pa0" style="border:0">&nbsp;</td><td style="border:0" colspan="1" class="ta-l pa0">Children</td>
<td class="ta-r pa0" style="border:0">2,051</td>
<td class="ta-r pa0" style="border:0">2,325</td>
<td class="ta-r pa0" style="border:0">1,134</td>
</tr>
<tr class="fs2" ><td class="ta-r pa0" style="border:0">&nbsp;</td><td class="ta-r pa0" style="border:0">&nbsp;</td><td style="border:0" colspan="1" class="ta-l pa0">Widowed mothers and fathers with child beneficiaries in their care</td>
<td class="ta-r pa0" style="border:0">104</td>
<td class="ta-r pa0" style="border:0">137</td>
<td class="ta-r pa0" style="border:0">1,316</td>
</tr>
<tr class="fs2" ><td class="ta-r pa0" style="border:0">&nbsp;</td><td class="ta-r pa0" style="border:0">&nbsp;</td><td style="border:0" colspan="1" class="ta-l pa0">Aged widow(er)s, and aged parents</td>
<td class="ta-r pa0" style="border:0">3,435</td>
<td class="ta-r pa0" style="border:0">6,294</td>
<td class="ta-r pa0" style="border:0">1,832</td>
</tr>
<tr class="fs2" ><td class="ta-r pa0" style="border:0">&nbsp;</td><td class="ta-r pa0" style="border:0">&nbsp;</td><td style="border:0" colspan="1" class="ta-l pa0">Disabled widow(er)s</td>
<td class="ta-r pa0" style="border:0">196</td>
<td class="ta-r pa0" style="border:0">187</td>
<td class="ta-r pa0" style="border:0">951</td>
</tr>
<tr class="fs2" ><td class="ta-r pa0" style="border:0">&nbsp;</td><td style="border:0" colspan="2" class="ta-l pa0"><b>Disabled workers and their family members, total</b></td>
<td class="ta-r pa0" style="border:0">8,322</td>
<td class="ta-r pa0" style="border:0">11,980</td>
<td class="ta-r pa0" style="border:0"><sup><u> b</u></sup></td>
</tr>
<tr class="fs2" ><td class="ta-r pa0" style="border:0">&nbsp;</td><td class="ta-r pa0" style="border:0">&nbsp;</td><td style="border:0" colspan="1" class="ta-l pa0">Disabled workers</td>
<td class="ta-r pa0" style="border:0">7,231</td>
<td class="ta-r pa0" style="border:0">11,431</td>
<td class="ta-r pa0" style="border:0">1,581</td>
</tr>
<tr class="fs2" ><td class="ta-r pa0" style="border:0">&nbsp;</td><td class="ta-r pa0" style="border:0">&nbsp;</td><td style="border:0" colspan="1" class="ta-l pa0">Spouses</td>
<td class="ta-r pa0" style="border:0">86</td>
<td class="ta-r pa0" style="border:0">37</td>
<td class="ta-r pa0" style="border:0">432</td>
</tr>
<tr class="fs2" ><td class="ta-r pa0" style="border:0">&nbsp;</td><td class="ta-r pa0" style="border:0">&nbsp;</td><td colspan="1" class="ta-l pa0" style="border:0" >Children</td>
<td class="ta-r pa0" style="border:0">1,005</td>
<td class="ta-r pa0" style="border:0">512</td>
<td class="ta-r pa0" style="border:0">509</td>
</tr>
<tr class="ta-l bt "><td style="border:0" colspan="6"><small><sup>a</sup> Benefit amounts represent the monthly amount
due to beneficiaries in current-payment status for December 31, 2024. These amounts exclude any adjustments to benefits for
retroactive payments and certain payment withholding that may be attributable to eligibility in prior
months. Therefore, these data do not represent total benefits paid from the trust funds.</small></td></tr>
<tr class="ta-l"><td style="border:0" colspan="6"><small><sup>b</sup> Because the benefit amounts for workers
and for the various types of family members and survivors are based on different
proportions of the worker's benefit, average monthly amounts for groups of these
different kinds of beneficiaries are not meaningful.</small></td></tr>
</table>
<div class="fs3 fw6 ta-c bb pt3 ml4 mr4 bb">B. Selected Categories of Beneficiaries (Included Above) in<br />
Current-Payment Status, December 31, 2024</div>
<table class="t" style="width:90%; margin-left:auto; margin-right:auto" summary="current-pay benefit data">
<tr class="ta-r bb">
<td colspan="2"
style="border:0" class="ta-c">Type of benefit</td>
<td class="ta-c" scope="col" style="border:0">Number
of<br />beneficiaries<br /><small>[In thousands]</small></td>
<td class="ta-c" scope="col" style="border:0">Monthly<br />
rate<small><sup> a</sup></small><br /><small>[In millions]</small></td>
</tr>
<tr class="fs2" ><td style="border:0" colspan="2" class="ta-l pa0">Disabled beneficiaries (<acronym title="Old-Age, Survivors, &
Disabilty Insurance">OASDI</acronym>)&#8212;Workers, disabled children aged
18 and over, and disabled widow(er)s</td>
<td class="ta-r pa0" style="border:0">8,615</td>
<td class="ta-r pa0" style="border:0">$12,881</td>
</tr>
<tr class="fs2" ><td style="border:0" colspan="2" class="ta-l pa0">Children (OASDI)</td>
<td class="ta-r pa0" style="border:0">3,770</td>
<td class="ta-r pa0" style="border:0">3,492</td>
</tr>
<tr class="fs2" ><td class="ta-r pa0" style="border:0">&nbsp;</td><td style="border:0" colspan="1" class="ta-l pa0">Student children</td>
<td class="ta-r pa0" style="border:0">93</td>
<td class="ta-r pa0" style="border:0">98</td>
</tr>
<tr class="fs2" ><td class="ta-r pa0" style="border:0">&nbsp;</td><td style="border:0" colspan="1" class="ta-l pa0">Disabled children aged 18 and over</td>
<td class="ta-r pa0" style="border:0">1,187</td>
<td class="ta-r pa0" style="border:0">1,263</td>
</tr>
<tr class="fs2" ><td class="ta-r pa0" style="border:0">&nbsp;</td><td style="border:0" colspan="1" class="ta-l pa0">Children under age 18</td>
<td class="ta-r pa0" style="border:0">2,489</td>
<td class="ta-r pa0" style="border:0">2,130</td>
</tr>
<tr class="fs2" ><td style="border:0" colspan="2" class="ta-l pa0">Survivor children and widowed mothers and fathers</td>
<td class="ta-r pa0" style="border:0">2,155</td>
<td class="ta-r pa0" style="border:0">2,462</td>
</tr>
<tr class="fs2" ><td style="border:0" colspan="2" class="ta-l pa0">Beneficiaries aged 62 and over (OASDI)</td>
<td class="ta-r pa0" style="border:0">59,770</td>
<td class="ta-r pa0" style="border:0">114,753</td>
</tr>
<tr class="fs2" ><td style="border:0" colspan="2" class="ta-l pa0" >Beneficiaries aged 65 and over (OASDI)</td>
<td class="ta-r pa0" style="border:0">55,120</td>
<td class="ta-r pa0" style="border:0">107,843</td>
</tr>
<tr class="ta-l bt"><td style="border:0" colspan="6"><small><sup>a</sup> Benefit amounts represent the monthly amount
due to beneficiaries in current payment status for December 31, 2024. These amounts exclude any adjustments to benefits for
retroactive payments and certain payment withholding that may be attributable to eligibility in prior
months. Therefore, these data do not represent total benefits paid from the trust funds.</small></td></tr>
</table>
<div class="fs3 fw6 ta-c bb pt3 ml4 mr4 bb">C. Average Monthly Family Benefits in<br />Current-Payment Status, December 31, 2024</div>
<table style="width:90%; margin-left:auto; margin-right:auto" class="t fs2" summary="current-pay benefit data">
<tr class="ta-r bb" >
<td scope="col"
style="border:0" class="ta-c">Selected family<small><sup> a</sup></small>
group</td>
<td class="ta-r" scope="col" style="border:0">Number
of<br />families<br /><small>[In thousands]</small></td>
<td class="ta-r" scope="col" style="border:0;width:17%">
Average<br />family<br />benefit<small><sup> b</sup></small></td>
<td class="ta-r" scope="col" style="border:0;width:16%">Average<br />number
of<br />beneficiaries<br />per family</td>
</tr>
<tr class="ta-r"><td style="border:0" class="ta-l pa0">Retired worker alone</td>
<td class="ta-r pa0" style="border:0">49,381</td>
<td class="ta-r pa0" style="border:0">$1,968</td>
<td class="ta-r pa0" style="border:0">1.000</td>
</tr>
<tr class="ta-r"><td style="border:0" class="ta-l pa0">Retired worker and spouse, aged 62 and over</td>
<td class="ta-r pa0" style="border:0">1,756</td>
<td class="ta-r pa0" style="border:0">3,102</td>
<td class="ta-r pa0" style="border:0">2.000</td>
</tr>
<tr class="ta-r"><td style="border:0" class="ta-l pa0">Disabled worker, spouse under <a href="../ProgData/nra.html">normal
retirement age</a>, and 1 or more children</td>
<td class="ta-r pa0" style="border:0">20</td>
<td class="ta-r pa0" style="border:0">2,822</td>
<td class="ta-r pa0" style="border:0">3.864</td>
</tr>
<tr class="ta-r"><td style="border:0" class="ta-l pa0">Widowed parent and 2 children</td>
<td class="ta-r pa0" style="border:0">31</td>
<td class="ta-r pa0" style="border:0">3,719</td>
<td class="ta-r pa0" style="border:0">3.000</td>
</tr>
<tr class="ta-r"><td style="border:0" class="ta-l pa0">Children of deceased worker<sup> c</sup></td>
<td class="ta-r pa0" style="border:0">1,353</td>
<td class="ta-r pa0" style="border:0">1,475</td>
<td class="ta-r pa0" style="border:0">1.321</td>
</tr>
<tr class="ta-r"><td class="ta-l pa0" style="border:0">Aged widow(er) alone</td>
<td class="ta-r pa0" style="border:0">3,264</td>
<td class="ta-r pa0" style="border:0">1,831</td>
<td class="ta-r pa0" style="border:0">1.000</td>
</tr>
<tr class="ta-l bt"><td colspan="4" style="border:0"><small><sup>a</sup> A family means beneficiaries
entitled on one worker's account.<br />
<sup>b</sup> Benefit amounts represent the monthly amount due
to beneficiaries in current payment status for December 31, 2024. These amounts exclude any adjustments
to benefits for retroactive payments and certain payment withholding that may be attributable to
eligibility in prior months. Therefore, these data do not represent total benefits paid from the
trust funds.<br />
<sup>c</sup> In most cases, the family includes a widowed parent whose benefits
are withheld due to earnings.</small></td></tr>
</table>
<div class="fs3 fw6 ta-c pt3 bb ml4 mr4 ">D. Measures of Protection</div>
<div class="mr4 ml4">
<ol>
<li> Coverage<br />
We estimate that about 185 million people will work in OASDI-covered employment in 2025.
<p>We estimate that about 94 percent of workers in paid employment and self-employment are
covered under the OASDI program.</p>
</li>
<p>
<li> Benefit receipt among the elderly<br />
As of December 31, 2024, we estimate that about 86 percent of the population aged 65 and over were
receiving benefits, and that increases to about 92 percent for those aged 75 and older.
</li>
<p>
<li> Protection for survivors of young workers<br />
We estimate that about 96 percent of persons aged 20-49 who worked in covered employment in 2024
have acquired survivorship protection for children they may have under age 18 (and surviving
spouses caring for children under age 16).
</li>
<p>
<li> Disability protection<br />
We estimate that about 90 percent of persons aged 21-64 who worked in covered employment in
2024 can count on monthly cash benefits if they suffer a severe and prolonged
disability.
</li>
</ol>
</div>
</p>
<p>&nbsp;</p>
<center>
<p>
<div class="fs3 fw6 ta-c bb pt3 ml4 mr4">E. Operations of <acronym title="Old-Age & Survivors
Insurance">OASI</acronym> and <acronym title="Disability Insurance">DI</acronym>
Trust Funds, Combined, in 2024<br /><small>[In billions]</small></div>
<table style="width:90%; margin-left:auto; margin-right:auto" class="t fs2" summary="trust fund data">
<tr class="ta-r bb" style="border:0">
<td style="width:2%;border:0" rowspan="1"></td>
<td style="width:2%;border:0" rowspan="1"></td>
<td style="width:30%;border:0" rowspan="1"></td>
<td style="width:30%;border:0" class="ta-r" rowspan="1">Calendar<br />year</td>
<td style="width:30%;border:0" class="ta-r" rowspan="1">Fiscal<br />year</td>
</tr>
<tr style="border:0" class="ta-r pa0" bgcolor="#f3f3f3"><td style="border:0" colspan="3" class="ta-l pa0"><b>Income</b></td>
<td class="ta-r pa0" style="border:0">$1,417.8</td>
<td class="ta-r pa0" style="border:0">$1,404.4</td>
</tr>
<tr style="border:0" class="ta-r fs2"><td class="ta-r pa0" style="border:0">&nbsp;</td><td style="border:0" colspan="2" class="ta-l pa0">Net payroll tax contributions</td>
<td class="ta-r pa0" style="border:0">1,293.3</td>
<td class="ta-r pa0" style="border:0">1,283.2</td>
</tr>
<tr style="border:0" class="ta-r fs2"><td class="ta-r pa0" style="border:0">&nbsp;</td><td style="border:0" colspan="2" class="ta-l pa0">Transfers from General Revenue</td>
<td class="ta-r pa0" style="border:0">0.2</td>
<td class="ta-r pa0" style="border:0"><sup><u> a</u></sup></td>
</tr>
<tr style="border:0" class="ta-r fs2"><td class="ta-r pa0" style="border:0">&nbsp;</td><td style="border:0" colspan="2" class="ta-l pa0">Taxation of benefits</td>
<td class="ta-r pa0" style="border:0">55.1</td>
<td class="ta-r pa0" style="border:0">53.7</td>
</tr>
<tr><td class="ta-r pa0" style="border:0">&nbsp;</td><td style="border:0" colspan="2" class="ta-l pa0">Interest and other income</td>
<td class="ta-r pa0" style="border:0">69.1</td>
<td class="ta-r pa0" style="border:0">67.4</td>
</tr>
<tr style="border:0" class="ta-r pa0" bgcolor="#f3f3f3"><td style="border:0" colspan="3" class="ta-l pa0"><b>Cost</b></td>
<td class="ta-r pa0" style="border:0">1,484.8</td>
<td class="ta-r pa0" style="border:0">1,460.9</td>
</tr>
<tr><td class="ta-r pa0" style="border:0">&nbsp;</td><td style="border:0" colspan="2" class="ta-l pa0">Total benefit payments</td>
<td class="ta-r pa0" style="border:0">1,471.4</td>
<td class="ta-r pa0" style="border:0">1,447.7</td>
</tr>
<tr><td class="ta-r pa0" style="border:0">&nbsp;</td><td class="ta-r pa0" style="border:0">&nbsp;</td><td style="border:0" colspan="1" class="ta-l pa0">OASI</td>
<td class="ta-r pa0" style="border:0">1,316.4</td>
<td class="ta-r pa0" style="border:0">1,293.8</td>
</tr>
<tr><td class="ta-r pa0" style="border:0">&nbsp;</td><td class="ta-r pa0" style="border:0">&nbsp;</td><td style="border:0" colspan="1" class="ta-l pa0">DI</td>
<td class="ta-r pa0" style="border:0">155.0</td>
<td class="ta-r pa0" style="border:0">153.9</td>
</tr>
<tr><td class="ta-r pa0" style="border:0">&nbsp;</td><td style="border:0" colspan="2" class="ta-l pa0">Railroad Retirement transfer</td>
<td class="ta-r pa0" style="border:0">5.9</td>
<td class="ta-r pa0" style="border:0">5.9</td>
</tr>
<tr><td class="ta-r pa0" style="border:0">&nbsp;</td><td style="border:0" colspan="2" class="ta-l pa0">Administrative expenditures</td>
<td class="ta-r pa0" style="border:0">7.4</td>
<td class="ta-r pa0" style="border:0">7.3</td>
</tr>
<tr><td style="border:0" colspan="3" class="ta-l pa0" ><b>Asset reserves, end of period</b></td>
<td class="ta-r pa0" style="border:0">2,721.5</td>
<td class="ta-r pa0" style="border:0">2,760.2</td>
</tr>
<tr class="ta-l bt"><td style="border:0" colspan="7"><small><sup>a</sup> Less than $50,000,000.<p>
Note: Totals may not equal the sums of rounded components.</small></td>
</tr></table>
</div>
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