Academic journal article Social Security Bulletin

Social Security (OASDI)

Academic journal article Social Security Bulletin

Social Security (OASDI)

Article excerpt

Program Trends

* About 46.4 million persons received Social security benefits for December 2002, an increase of 567,000 (1.2 percent) since December 2001. Seventy percent were retired workers and their spouses and children, and another 15 percent were survivors of deceased workers. Sixteen percent were disabled workers and their spouses and children.

* Seventy-two percent of the 29.2 million retired workers received reduced benefits because of entitlement prior to full retirement age. Relatively more women (75 percent) than men (69 percent) received reduced benefits.

* The number of beneficiaries aged 65 or older rose from 31.9 million in 1997 to 33.2 million in 2002 (4.1 percent). Beneficiaries aged 85 or older increased at a greater rate during the 5-year period (10.2 percent) from 3,783,000 in 1997 to 4,170,000 in 2002. in 2002, 40,100 centenarians were receiving Social security.

* More than 19 million women aged 65 or older received benefits for December 2002. About 7.2 million (37.2 percent) were entitled solely to a retired-worker benefit, and another 5.7 million (29.4 percent) were dually entitled to a retired-worker benefit and a wife's or widow's benefit. About 6.4 million (33.3 percent) were receiving wife's or widow's benefits only.

* Over 3 million children under age 18 received benefits, including 1,350,500 children of deceased workers, 1,422,000 children of disabled workers, and 270,200 children of retired workers.

* About 6.5 million persons received benefits based on disability-5,544,000 disabled workers, 744,500 disabled adult children, and 207,400 disabled widows and widowers. In addition, 151,600 spouses and 1,466,200 minors and student children of disabled workers received benefits. …

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