Nearly 70 million Americans receive benefits from Social Security Administrator programs Racket with numbers The state

The first is signed in law on August 14, 1935 then-President Franklin D. Roosevelt, the Social Security Act created a social insurance program that exists today – 86 years later.

Roosevelt, who informed Congress of his intention to establish the program in 1934, wrote that Social Security would act as a safeguard for Americans “from the dangers and vicissitudes of life.”

Using data of the Feder Social Security Administration, here look at some of the latest figures relatively Social Security and Supplemental Income from Social Security (SSI).

In 2020 69.8 million people received benefits from programs administered by the Social Security Administrationreports the federal agency.

Of those who received benefits under programs run by the SSA in 2020, 5.8 million were “re-assigned social security benefits”.

This was reported by the SSA 55 percent with adult recipients of social insurance in 2020 were women.

Eighty-six percent from recipients of Supplemental Security Income (SSI) receive benefits due to disability or blindness.

The middle age with beneficiaries with disabilities was 55, according to the SSA.

Forecasts for the future

Currently there is 2.7 workers covered, a person who has income credited for the purposes of social insurance on the basis of wage services, for each recipient of social insurance.

Until 2035 This was reported by the administration each beneficiary will have 2.3 employees covered.

In 1974 when SSI benefits began, 3.2 million people received federal government benefits.

According to December 2020, the administration reports this approximately 8 million.

Of those 8 million, 4.6 million were between the ages of 18 and 64, 2.3 million were 65 years of age and older, and 1.1 million were under the age of 18.