April 19, 2014

Mostly sunny

Nationally, Locally, and Individually, Social Security makes a Difference

Robert Fenn
Social Security Public Affairs Specialist

Social Security reaches almost every family in the United States, and at some point touches the
lives of nearly all Americans. It not only helps older Americans, but also workers who become
disabled and families in which a spouse or parent dies. Today, about 159 million people work
and pay Social Security taxes. More than 53 million people receive monthly Social Security
benefits. In 2009 alone, those benefits came to about $675 billion.

In addition to the national impact Social Security has on the U.S. economy, there’s no denying
the difference it makes in communities all across America. In neighborhoods around the nation,
the benefits paid help more than just individual beneficiaries. These people spend their benefit
payments at the local grocery store, the local clothing store, department stores, and mom-and-
pop shops. Benefits are used to pay for goods and services that sustain the local economy,
keep local farmers farming, local retailers retailing, and local contractors contracting. In some
counties, as much as 30 percent of the population receives benefits and those benefits make up as
much as 20 percent of the local economy.

Both at the national and local level, Social Security makes a difference. The average payment
for a retired individual is $1,169 a month, which represents 40 percent of income for an average
retired person. The monthly payment for a disabled person averages $1,065. For the widow or
widower of a working family member, the average payment is $1,104. These are real numbers
that help many individuals make ends meet.

The payments made to beneficiaries help individuals and families to stay afloat. But the
byproduct is that these individuals are using their benefits to help keep the economy going.
It is clear that Social Security makes a difference on a national, local, and individual level.
To learn more about Social Security, visit www.socialsecurity.gov.

  • http://www.facebook.com/profile.php?id=100004478824642 Carl Jensen

    Currently, the new Tea party Republicans, backed by the big corporations and billionaires, represented by Romney, Ryan and Republicans in office, want to replace Medicare with vouchers that wouldn’t keep up with health care cost. Privatize Social Security & Medicare. Behind closed doors, Romney said he wants to eliminate the Dept of Education and HUD. He plans to starve off funding a little at a time.nnnnWhat was that about Pre-existing conditions Mr Romney?? nnDuring the 1st debate, Romney claimed he would include Pre-existing conditions in his plan…the next day his campaign said that was NOT his position.nnnn”The non-partisan AARP says Obamacare cracks down on Medicare fraud, waste, and abuse and strengthens guaranteed benefits,” the adu2019s narrator says. “And the Ryan plan? AARP says it would undermine Medicare and could lead to higher costs for seniors. And experts say Ryanu2019s voucher plan could raise future retireesu2019 costs by more than $6,000.”nnnnWE should not have to lose our home and life savings paying for hospital bills that could wipe us out financially. Most of us have worked hard to provide for our families…we need a President who represents ALL of us…NOT just the upper 2%n