324 lines
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324 lines
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<title>Annual Statistical Supplement, 2024 - Highlights and Trends</title>
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<div id="hLogo"><a class="navLogo" href="/policy/index.html">Social Security</a><a class="navSearch" href="https://search.ssa.gov/search?affiliate=ssa">SEARCH</a></div>
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<h1>Annual Statistical Supplement, 2024</h1>
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</div>
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</div>
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<div id="breadcrumbs" itemscope itemtype="http://schema.org/BreadcrumbList">You are here: <span itemprop="itemListElement" itemscope itemtype="http://schema.org/ListItem"><a href="/" itemprop="item"><span itemprop="name">Social Security Administration</span></a><meta itemprop="position" content="1" /></span> > <span itemprop="itemListElement" itemscope itemtype="http://schema.org/ListItem"><a href="/policy/index.html" itemprop="item"><span itemprop="name">Research, Statistics & Policy Analysis</span></a><meta itemprop="position" content="2" /></span> > <span itemprop="itemListElement" itemscope itemtype="http://schema.org/ListItem"><a href="index.html" itemprop="item"><span itemprop="name">Annual Statistical Supplement, 2024</span></a><meta itemprop="position" content="3" /></span></div>
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<div class="innards">
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<h1>Highlights and Trends</h1>
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<h2>Social Security (Old-Age, Survivors, and Disability Insurance)</h2>
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<h3>Employment and Earnings</h3>
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<table class="hundredpercent">
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<colgroup span="1" style="width:30em"></colgroup>
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<colgroup span="1" style="width:8em"></colgroup>
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<tbody>
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<tr>
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<th class="stub0" scope="row">Workers in <abbr class="spell">OASDI</abbr> covered employment, 2023</th>
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<td>182.8 million</td>
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</tr>
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<tr class="topPad1">
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<th class="stub0" scope="row">Average earnings, 2023</th>
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<td>$64,064</td>
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</tr>
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<tr class="topPad1">
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<th class="stub0" scope="rowgroup">Earnings required in 2024 for—</th>
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<td> </td>
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</tr>
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<tr>
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<th class="stub1" scope="row">1 quarter of coverage</th>
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<td>$1,730</td>
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</tr>
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<tr>
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<th class="stub1" scope="row">Maximum of 4 quarters of coverage</th>
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<td>$6,920</td>
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</tr>
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<tr class="topPad1">
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<th class="stub0" scope="rowgroup">Earnings test exempt amounts for 2024</th>
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<td> </td>
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</tr>
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<tr>
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<th class="stub1" scope="row">Under full retirement age for entire year</th>
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<td>$22,320</td>
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</tr>
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<tr>
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<th class="stub1" scope="row">For months before reaching full retirement age in 2024</th>
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<td>$59,520</td>
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</tr>
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<tr>
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<th class="stub1" scope="row">Beginning with month of reaching full retirement age in 2024</th>
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<td>Test eliminated</td>
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</tr>
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</tbody>
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</table>
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<h3>Program Data</h3>
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<table class="hundredpercent">
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<colgroup span="1" style="width:30em"></colgroup>
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<colgroup span="1" style="width:8em"></colgroup>
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<tbody>
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<tr>
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<th class="stub0" id="r1">Cost-of-living adjustment for December 2023</th>
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<td headers="r1">3.2 percent</td>
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</tr>
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<tr class="topPad1">
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<th class="stub0" id="r2">Average monthly benefit, December 2023</th>
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<td> </td>
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</tr>
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<tr>
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<th class="stub1" id="r3" headers="r2">Retired workers</th>
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<td headers="r2 r3">$1,905</td>
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</tr>
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<tr>
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<th class="stub1" id="r4" headers="r2">Widows and widowers, nondisabled</th>
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<td headers="r2 r4">$1,774</td>
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</tr>
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<tr>
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<th class="stub1" id="r5" headers="r2">Disabled workers</th>
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<td headers="r2 r5">$1,537</td>
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</tr>
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<tr class="topPad1">
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<th class="stub0" id="r6">Number of beneficiaries, December 2023</th>
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<td> </td>
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</tr>
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<tr>
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<th class="stub1" id="r7" headers="r6">Old-Age, Survivors, and Disability Insurance</th>
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<td headers="r6 r7">67.1 million</td>
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</tr>
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<tr>
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<th class="stub2" id="r8" headers="r6 r7">Old-Age Insurance</th>
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<td> </td>
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</tr>
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<tr>
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<th class="stub3" id="r9" headers="r6 r7 r8">Total</th>
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<td headers="r6 r7 r8 r9">52.7 million</td>
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</tr>
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<tr>
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<th class="stub3" id="r10" headers="r6 r7 r8">Retired workers</th>
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<td headers="r6 r7 r8 r10">50.1 million</td>
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</tr>
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<tr>
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<th class="stub2" id="r11" headers="r6 r7">Survivors Insurance</th>
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<td> </td>
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</tr>
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<tr>
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<th class="stub3" id="r12" headers="r6 r7 r11">Total</th>
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<td headers="r6 r7 r11 r12">5.8 million</td>
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</tr>
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<tr>
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<th class="stub3" id="r13" headers="r6 r7 r11">Widows and widowers, nondisabled</th>
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<td headers="r6 r7 r11 r13">3.5 million</td>
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</tr>
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<tr>
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<th class="stub2" id="r14" headers="r6 r7">Disability Insurance</th>
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<td> </td>
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</tr>
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<tr>
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<th class="stub3" id="r15" headers="r6 r7 r14">Total</th>
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<td headers="r6 r7 r14 r15">8.5 million</td>
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</tr>
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<tr>
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<th class="stub3" id="r16" headers="r6 r7 r14">Disabled workers</th>
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<td headers="r6 r7 r14 r16">7.4 million</td>
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</tr>
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<tr class="topPad1">
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<th class="stub0" id="r17">Benefit payments, 2023</th>
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<td> </td>
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</tr>
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<tr>
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<th class="stub1" id="r18" headers="r17">Old-Age, Survivors, and Disability Insurance</th>
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<td headers="r17 r18">$1,379.3 billion</td>
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</tr>
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<tr>
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<th class="stub1" id="r19" headers="r17">Old-Age and Survivors Insurance</th>
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<td headers="r17 r19">$1,227.4 billion</td>
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</tr>
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<tr>
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<th class="stub1" id="r20" headers="r17">Disability Insurance</th>
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<td headers="r17 r20">$151.9 billion</td>
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</tr>
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<tr class="topPad1">
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<th class="stub0" id="r21">Administrative expenses, 2023</th>
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<td> </td>
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</tr>
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<tr>
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<th class="stub1" id="r22" headers="r21">Old-Age and Survivors Insurance</th>
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<td> </td>
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</tr>
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<tr>
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<th class="stub2" id="r23" headers="r21 r22">Amount</th>
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<td headers="r21 r22 r23">$4.4 billion</td>
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</tr>
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<tr>
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<th class="stub2" id="r24" headers="r21 r22">As a percentage of total benefits paid</th>
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<td headers="r21 r22 r24">0.4 percent</td>
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</tr>
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<tr>
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<th class="stub1" id="r25" headers="r21">Disability Insurance</th>
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<td> </td>
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</tr>
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<tr>
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<th class="stub2" id="r26" headers="r21 r25">Amount</th>
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<td headers="r21 r25 r26">$2.8 billion</td>
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</tr>
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<tr>
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<th class="stub2" id="r27" headers="r21 r25">As a percentage of total benefits paid</th>
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<td headers="r21 r25 r27">1.9 percent</td>
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</tr>
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</tbody>
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</table>
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<h3>Program Trends</h3>
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<ul>
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<li>About 67.1 million persons received Social Security benefits for December 2023, an increase of 1,082,509 (1.6 percent) since December 2022. Approximately 79 percent were retired workers and their spouses and children, 9 percent were survivors of deceased workers, and 13 percent were disabled workers and their spouses and children.</li>
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<li>Sixty-three percent of the 50.1 million retired workers received reduced benefits because of entitlement prior to full retirement age. Relatively more women (65.9 percent) than men (60.0 percent) received reduced benefits.</li>
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<li>The number of beneficiaries aged 65 or older rose from about 47.1 million in 2018 to about 53.4 million in 2023 (13.5 percent). The number of beneficiaries aged 85 or older increased by about 3.8 percent during that period, from 5.76 million in 2018 to 5.97 million in 2023. In 2023, 73,815 centenarians were Social Security beneficiaries.</li>
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<li>About 29.5 million women aged 65 or older received benefits for December 2023. About 17.6 million (59.8 percent) were entitled solely to a retired-worker benefit. About 7.2 million (24.3 percent) were dually entitled to a retired-worker benefit and a wife's or widow's benefit, and about 4.7 million (16.0 percent) were receiving wife's or widow's benefits only.</li>
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<li>About 2.5 million children under age 18 received benefits, including 1,299,347 children of deceased workers, 926,780 children of disabled workers, and 321,677 children of retired workers.</li>
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<li>About 8.7 million persons received benefits based on disability—7,365,987 disabled workers, 1,142,375 disabled adult children, and 200,644 disabled widows and widowers. In addition, 87,898 spouses and 954,526 minor and student children of disabled workers received benefits.</li>
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<li>Average monthly benefits for December 2023, including the 3.2 percent cost-of-living adjustment, were $1,905 for retired workers, $1,537 for disabled workers, and $1,774 for nondisabled widows and widowers. Among retired workers, monthly benefits averaged $2,106 for men and $1,714 for women. For disabled workers, average monthly benefits were $1,686 for men and $1,388 for women.</li>
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<li>Average monthly family benefits for December 2023 were $3,187 for a widowed mother or father and children; $2,778 for a disabled worker, wife, and children; and $3,828 for a retired worker, wife, and children.</li>
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<li>Total <abbr class="spell">OASDI</abbr> benefit payments for calendar year 2023 were $1,379.3 billion. Payments from the <abbr class="spell">OASI</abbr> Trust Fund were $1,227.4 billion—an increase of 12.8 percent from the $1,088.1 billion paid in 2022.</li>
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<li>Benefit payments from the <abbr class="spell">DI</abbr> Trust Fund, from which benefits are paid to disabled workers, their spouses, and children, increased by 5.8 percent from $143.6 billion in 2022 to $151.9 billion in 2023.</li>
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<li><abbr class="spell">OASDI</abbr> benefit awards in calendar year 2023 totaled 5,794,373, including 3,614,493 to retired workers, 506,546 to their spouses and children, and 930,798 to survivors of insured workers. Benefits were awarded to 523,834 disabled workers and to 218,702 of their spouses and children.</li>
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</ul>
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<h2>Supplemental Security Income</h2>
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<h3>Annual Payment Adjustments</h3>
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<table class="hundredpercent">
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<colgroup span="1" style="width:30em"></colgroup>
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<colgroup span="1" style="width:8em"></colgroup>
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<tbody>
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<tr>
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<th class="stub0" scope="rowgroup">Monthly federal benefit rate, effective January 2024</th>
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<td> </td>
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</tr>
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<tr>
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<th class="stub1" scope="row">Individual living in his or her own household</th>
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<td>$943</td>
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</tr>
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<tr>
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<th class="stub1" scope="row">Couple with both members eligible</th>
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<td>$1,415</td>
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</tr>
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<tr class="topPad1">
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<th class="stub0" scope="rowgroup">Cost-of-living adjustment</th>
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<td>3.2 percent</td>
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</tr>
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</tbody>
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</table>
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<h3>Program Data</h3>
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<table class="hundredpercent">
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<colgroup span="1" style="width:30em"></colgroup>
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<colgroup span="1" style="width:8em"></colgroup>
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<tbody>
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<tr>
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<th class="stub0" scope="rowgroup">Federally administered payments</th>
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<td> </td>
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</tr>
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<tr>
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<th class="stub1" scope="row">Benefits paid in 2023</th>
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<td>$61.4 billion</td>
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</tr>
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<tr>
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<th class="stub1" scope="row">Number of recipients, December 2023</th>
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<td>7.4 million</td>
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</tr>
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<tr>
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<th class="stub1" scope="row">Average benefit, December 2023</th>
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<td>$674.50</td>
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</tr>
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<tr class="topPad1">
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<th class="stub0" scope="rowgroup">Federal <abbr class="spell">SSI</abbr> payments</th>
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<td> </td>
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</tr>
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<tr>
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<th class="stub1" scope="row">Benefits paid in 2023</th>
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<td>$58.2 billion</td>
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</tr>
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<tr>
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<th class="stub1" scope="row">Number of recipients, December 2023</th>
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<td>7.3 million</td>
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</tr>
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<tr>
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<th class="stub1" scope="row">Average benefit, December 2023</th>
|
|
<td>$651.05</td>
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|
</tr>
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|
<tr class="topPad1">
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<th class="stub0" scope="rowgroup">Federally administered state supplementation</th>
|
|
<td> </td>
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|
</tr>
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<tr>
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|
<th class="stub1" scope="row">Benefits paid in 2023</th>
|
|
<td>$3.2 billion</td>
|
|
</tr>
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|
<tr>
|
|
<th class="stub1" scope="row">Number of recipients, December 2023</th>
|
|
<td><sup>a</sup> 1.3 million</td>
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</tr>
|
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<tr>
|
|
<th class="stub1" scope="row">Average benefit, December 2023</th>
|
|
<td>$195.93</td>
|
|
</tr>
|
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</tbody>
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<tfoot>
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<tr>
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|
<td class="onlyNote" colspan="2">a. Includes approximately 1.2 million persons receiving federal <abbr class="spell">SSI</abbr> and state supplementation and 132,950 persons receiving state supplementation only.</td>
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</tr>
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</tfoot>
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</table>
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<h3>Program Trends</h3>
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<ul>
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|
<li>In December 2023, 7,425,331 persons received federally administered <abbr class="spell">SSI</abbr> payments—116,891 fewer than the previous year. Of the total, 2,402,843 (32.4 percent) were aged 65 or older; 4,039,319 (54.4 percent) were blind or disabled aged <span class="nobr">18–64;</span> and 983,169 (13.2 percent) were blind or disabled under age 18.</li>
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<li>The number of blind or disabled recipients aged <span class="nobr">18–64</span> declined by 156,470 (3.7 percent) between December 2022 and December 2023, and the number under age 18 decreased by 13,940 (1.4 percent).</li>
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|
<li>During 2023, 562,658 persons were awarded federally administered payments, an increase of 46,017 from the previous year. Of the 2023 awards, 300,075 went to blind or disabled recipients aged <span class="nobr">18–64,</span> 138,667 to those blind or disabled under age 18, and 123,916 to recipients aged 65 or older.</li>
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|
<li>Total federally administered <abbr class="spell">SSI</abbr> payments were $61.4 billion in 2023, up 6.6 percent from 2022. Federal <abbr class="spell">SSI</abbr> payments in 2023 were $58.2 billion (an increase of 6.6 percent from the previous year). Federally administered state supplementation totaled $3.2 billion.</li>
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</ul>
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</div>
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</article>
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