Wednesday November 07, 2012
Read CBPP’s Top Ten Social Security Facts
This week, the Center on Budget and Policy Priorities published a must-read article detailing their top ten facts about the Social Security Program. Their point: ever since President Franklin Roosevelt signed the Social Security Act on August 14, 1935, it remains one of the nation’s most successful, effective, and popular programs.
Fact #1: Social Security is more than just a retirement program. It provides important life insurance and disability insurance protection as well.
In June 2012, 56 million people, or about one in every six U.S. residents, collected Social Security benefits. While three-quarters of them received benefits as retirees or elderly widow(er)s, another 11 million (19 percent) received disability insurance benefits, and 2 million (4 percent) received benefits as young survivors of deceased workers.
Read the full article here.