1OHIOSOCIAL SECURITY WORKS
Social Security Works forOhio
62% Retired Worker Beneficiaries11% Widow(er)sReceiving Benefits6% SpousesReceiving Benefits8% ChildrenReceiving Benefits14% Disabled Worker Beneficiaries
OHIO’S SOCIAL SECURITYBENEFICIARIES 2008
Social Security Bulletin, 2009
ebate rages in Washington about how toreduce our nation’s growing federal deﬁcit,and pundits and politicians alike proposecutting Social Security.It doesn’t seem to matter that Social Security hasnot caused the federal deﬁcit, and the program hasa $2.6 trillion surplus today, which is projected togrow to $4.3 trillion by 2023.
Nor does it seemto matter that the housing equity and retirementsavings of many Americans collapsed during thenation’s Great Recession. Cutting Social Security’sprotections – especially for middleaged and youngworkers – will undermine Social Security as a ﬁnan-cial foundation, and often a ﬁnancial lifeline.Social Security is paid for through dedicated taxescontributed by workers and their employers. That iswhy Social Security is a promise, a bond betweengenerations that belongs to the people who haveworked hard all their lives and to their families.Social Security is family insurance protectionagainst lost wages due to old age, disability, ordeath. The importance of Social Security’s earnedprotections cannot be overstated:53 million beneﬁciaries – around one in four
households—receive Social Security.
1 out of 3 Social Security beneﬁciaries is not a
Almost two out of three seniors rely on Social
Security for half or more of their income.
The average Social Security beneﬁt is less than
$13,000 a year ($14,000 for retirees).
Social Security is the nation’s largest disability
program, without which more than half of dis-abled workers would have incomes below thepoverty line.
Nearly 9 percent of all U.S. children – about
6.5 million – receive Social Security or live inhouseholds where all or part of the income of thehousehold comes from Social Security.
Con-sequently, Social Security is the nation’s largestand, despite its modest beneﬁts, most generouschildren’s program. Clearly Social Security works for the nation andfor the residents of every state and congressionaldistrict too. Social Security’s average beneﬁt is verymodest, which is why America cannot afford to cutit. Instead, Congress should work hard to strength-en Social Security.