FACT SHEET ON THE OLD-AGE, SURVIVORS, AND DISABILITY INSURANCE PROGRAM

Facts

Jul 3

Type of benefit			Number of beneficiaries [In thousands]	Monthly rate [In millions]	Average monthly amount
Total			50,898	$53,666	^a
	Retired workers and their family members, total		35,169	38,853	^a
		Retired workers	32,273	37,207	$1,153
		Spouses	2,370	1,348	569
		Children	525	298	568
	Survivors of deceased workers, total		6,456	6,336	^a
		Children	1,915	1,427	745
		Widowed mothers and fathers with child beneficiaries in their care	160	133	835
		Aged widow(er)s, and aged parents	4,152	4,618	1,112
		Disabled widow(er)s	230	157	684
	Disabled workers and their family members, total		9,274	8,478	^a
		Disabled workers	7,427	7,896	1,063
		Spouses	155	44	285
		Children	1,692	537	318
^a Since 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.

Type of benefit		Number of beneficiaries [In thousands]	Monthly rate [In millions]
Disabled beneficiaries (OASDI)—Workers, disabled children aged 18 and over, and disabled widow(er)s		8,529	$8,647
Children (OASDI)		4,132	2,263
	Student children	142	92
	Disabled children aged 18 and over	871	594
	Children under age 18	3,118	1,577
Survivor children and widowed mothers and fathers		2,074	1,560
Beneficiaries aged 62 and over (OASDI)		40,275	44,827
Beneficiaries aged 65 and over (OASDI)		35,819	40,242

Selected family^a group	Number of families [In thousands]	Average family benefit	Average number of beneficiaries per family
Retired worker alone	29,570	$1,140	1.000
Retired worker and spouse, aged 62 and over	2,257	1,877	2.000
Disabled worker, spouse under full retirement age, and 1 or more children	73	1,795	3.944
Widowed parent and 2 children	50	2,372	3.000
Children of deceased worker^b	1,153	983	1.333
Aged widow(er) alone	3,973	1,112	1.000
^a A family means beneficiaries entitled on one worker's account. ^b In most cases, the family includes a widowed parent whose benefits are withheld due to earnings.

Coverage
About 162 million people will work in OASDI-covered employment in 2009.
About 94 percent of workers in paid employment and self-employment are covered under the OASDI program.
Benefit receipt among the elderly
As of December 31, 2008, about 90 percent of the population aged 65 and over were receiving benefits.
Protection for survivors of young workers
About 97 percent of persons aged 20-49 who worked in covered employment in 2008 have acquired survivorship protection for their children under age 18 (and surviving spouses caring for children under age 16).
Disability protection
About 91 percent of persons aged 21-64 who worked in covered employment in 2008 can count on monthly cash benefits if they suffer a severe and prolonged disability.

			Calendar year 2007	Fiscal year 2008	Cumulative 1937 through end of —
			Calendar year 2007	Fiscal year 2008	Calendar year 2007	Fiscal year 2008
Income			$784.9	$802.7	$12,253.4	$12,849.4
	Contributions		656.1	671.2	10,898.3	11,423.3
	Other		128.8	131.5	1,355.1	1,426.1
Expenditures			594.5	617.0	10,014.9	10,483.1
	Benefit payments		584.9	607.2	9,806.8	10,266.6
		OASI	489.1	503.0	8,532.0	8,912.7
		DI	95.9	104.2	1,274.7	1,353.9
	Other		9.6	9.8	208.2	216.6
Assets, end of period			2,238.5	2,366.3	2,238.5	2,366.3
Note: Totals may not equal the sums of rounded components.

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