The American Reliance On Social Security

The U.S. Social Security program currently pays benefits to about 57 million Americans, and that number is expected to rise considerably in coming years as the baby boomers reach eligibility.

Now 78 years in existence, Social Security has become deeply ingrained in the American lifestyle and economy. The program contributes on average about two-thirds of income for all recipients over age 65. For more than one-third of those recipients, Social Security makes up more than 90% of their income.

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