That Figures: Social Security

Oct 13, 2010· 0 MIN READ
Following the lead of Wilt Chamberlain, Adam vacated his native Philadelphia for Los Angeles following decades of acclaim and short shorts. He firmly believes that, when it comes to the opportunity for change, we’re on the goal line with bases loaded and no fouls to give. He also finds inspiration in mixed sports metaphors.


53.5 Million
Americans will receive Social Security benefits in 2010.
$703 Billion
Total paid out to Social Security beneficiaries in 2010.
Average monthly Social Security payment.
64 percent
of recipients count Social Security as their primary source of income.
35 percent
of older Americans were kept out of poverty in 2007 thanks to Social Security.
The year Social Security reserves are expected to be depleted.
6.2 percent
of employer and employee wages are taxed (up to $106,800) to fund Social Security. The self-employed pay 12.4 percent.

Sources:Social Security Administration | AARP | Associated Press

Photo: Social Security Administration/WikipediaCommons