Social Security benefits play a vital role in reducing poverty. Without Social Security, 22.2 million more Americans would be poor, according to the latest available Census data (for 2012). Although most of those whom Social Security keeps out of poverty are elderly, nearly a third are under age 65, including 1 million children. Depending on their design, reductions in Social Security benefits could significantly increase poverty, particularly among the elderly.
- What the 2013 Trustees’ Report Shows About Social Security
- Greenstein Statement on Social Security Trustees' Report
Social Security Disability Insurance is Vital to Workers With Severe Impairments
Program’s Growth Largely Due to Demographic Factors;Financing Should be Addressed as Part of Overall Solvency
Although some critics charge that spending for the program is “out of control,”the bulk of the rise in federal disability rolls stems from demographic factors: the aging of the U.S. population, the growth in women’s employment, and Social Security’s rising retirement age.
Social Security provides monthly benefits to more than 50 million retired workers and workers with disabilities, their dependents, and their survivors. Though Social Security is best known as a retirement program, one-fifth of the program's beneficiaries are non-elderly adults (under age 62) or children who receive survivors' benefits or disability insurance benefits.
- Top Ten Facts on Social Security
The Center examines the effects of Social Security on poverty (including poverty among children) and on particular demographic groups. We also analyze Social Security reform proposals to determine their likely impact on the program’s long-term solvency and its effectiveness in reducing poverty and hardship.
December 6, 2013
October 25, 2013
October 4, 2013
Updated October 4, 2013
June 18, 2013
- View All By Date