FACT SHEET ON THE OLD-AGE, SURVIVORS, AND DISABILITY INSURANCE PROGRAM

A. BENEFICIARIES IN CURRENT-PAYMENT STATUS, DECEMBER 31, 2007
Number of Monthly Average beneficiaries rate monthly [In thousands] [In millions] amount 49,865 34,450 31,525 2,431 494 6,495 1,892 165 4,213 225 8,920 7,101 154 1,665 $49,218 35,559 34,001 1,292 266 5,990 1,332 129 4,383 145 7,669 7,131 41 498
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D. MEASURES OF PROTECTION 1. Coverage About 165 million people will work in OASDI-covered employment in 2008. About 96 percent of workers in paid employment and selfemployment are covered or eligible for coverage under the program. 2. Benefit receipt among the elderly As of December 31, 2007, about 91 percent of the population aged 65 and over were receiving benefits. 3. Protection for survivors of young workers About 97 percent of persons aged 20-49 who worked in covered employment in 2007 have acquired survivorship protection for their children under age 18 (and surviving spouses caring for children under age 16). 4. Disability protection About 91 percent of persons aged 21-64 who worked in covered employment in 2007 can count on monthly cash benefits if they suffer a severe and prolonged disability. E. OPERATIONS OF OASI AND DI TRUST FUNDS, COMBINED
[In billions]

Type of benefit Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retired workers and their family members, total . . . . . . . . . . . . . . . . . . Retired workers . . . . . . . . . . . . . . . . Spouses . . . . . . . . . . . . . . . . . . . . . . Children . . . . . . . . . . . . . . . . . . . . . . Survivors of deceased workers, total Children . . . . . . . . . . . . . . . . . . . . . . Widowed mothers and fathers with child beneficiaries in their care . . . Aged widow(er)s, and aged parents. Disabled widow(er)s . . . . . . . . . . . . Disabled workers and their family members, total . . . . . . . . . . . . . . . . . . Disabled workers . . . . . . . . . . . . . . . Spouses . . . . . . . . . . . . . . . . . . . . . . Children . . . . . . . . . . . . . . . . . . . . . .
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$1,079 532 538
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704 782 1,040 646
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1,004 266 299

Since the benefit amounts for workers and for the various types of family members and survivors are based on different proportions of the worker’s benefit, average monthly amounts for groups of these different kinds of beneficiaries are not meaningful.

B. SELECTED CATEGORIES OF BENEFICIARIES (INCLUDED ABOVE) IN CURRENT-PAYMENT STATUS, DECEMBER 31, 2007
Number of beneficiaries [In thousands] Monthly rate [In millions]

Type of benefit Disabled beneficiaries (OASDI)—Workers, disabled children aged 18 and over, and disabled widow(er)s . . . . . . . . . . . . . . . . . . . . . Children (OASDI). . . . . . . . . . . . . . . . . . . . . . . . Student children. . . . . . . . . . . . . . . . . . . . . . . Disabled children aged 18 and over . . . . . . . Children under age 18 . . . . . . . . . . . . . . . . . . Survivor children and widowed mothers and fathers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Beneficiaries aged 62 and over (OASDI) . . . . . . Beneficiaries aged 65 and over (OASDI) . . . . . .

Calendar year 2006 Income . . . . . . . . . . . Contributions . . . . Other . . . . . . . . . . . Expenditures. . . . . . Benefit payments . OASI . . . . . . . . DI . . . . . . . . . . . Other . . . . . . . . . . . Assets, end of period $744.9 625.6 119.3 555.4 546.2 454.5 91.7 9.2 2,048.1

Fiscal year 2007 $771.8 647.4 124.4 585.3 575.8 481.8 94.0 9.5 2,180.6

Cumulative 1937 through end of— Calendar year 2006 $11,468.5 10,242.2 1,226.4 9,420.4 9,221.8 8,043.0 1,178.9 198.6 2,048.1 Fiscal year 2007 $12,046.7 10,752.1 1,294.6 9,866.1 9,659.4 8,409.7 1,249.6 206.8 2,180.6

8,121 4,051 137 795 3,120 2,056 39,512 35,119

$7,801 2,096 83 525 1,488 1,461 41,084 36,850

Note: Totals may not equal the sums of rounded components.

C. AVERAGE MONTHLY FAMILY BENEFITS IN CURRENT-PAYMENT STATUS, DECEMBER 31, 2007
Number of families [In thousands] 28,790 2,318 76 52 1,125 4,039 Average family benefit $1,066 1,761 1,689 2,221 936 1,040 Average number of beneficiaries per family 1.000 2.000 3.941 3.000 1.344 1.000

Selected family 1 group Retired worker alone. . . . . . . . . . Retired worker and spouse, aged 62 and over . . . . . . . . . . . . . . . . Disabled worker, spouse under full retirement age, and 1 or more children . . . . . . . . . . . . . . Widowed parent and 2 children . Children of deceased worker 2 . . Aged widow(er) alone. . . . . . . . .
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A family means beneficiaries entitled on one worker’s account. In most cases, the family includes a widowed parent whose benefits are withheld due to earnings.

Social Security Administration Office of the Chief Actuary December 21, 2007