Huston55
Thinks s/he gets paid by the post
Some Facts
This thread sparked my interest in the payments distributed/administered by the SSA (to include SSI). Just some brief googling on the intertubes; not extensive research but, gathered from reliable sources (SSA, SSI Annual Report, etc.). Figures are relatively recent (2015-2017)
- Annual Social Security Distribution:
- $885B
- 58M recipients
- Average Payment ~ $1350/mo
- Equates to ~5% GDP
- Annual SSI (Disabled, Blind & Aged) Distribution:
- $55B
- 8M recipients, >90% in disabled category (the vast majority under 65 yo)
- Average Payment = $532/mo
- Equates to ~0.3% GDP
- >80% from Federal (versus State) sources
FWIW, I’m in the same camp as “Independent.” I think I’ve received acceptable value from these programs, based on societal and personal benefit. YMMV
This thread sparked my interest in the payments distributed/administered by the SSA (to include SSI). Just some brief googling on the intertubes; not extensive research but, gathered from reliable sources (SSA, SSI Annual Report, etc.). Figures are relatively recent (2015-2017)
- Annual Social Security Distribution:
- $885B
- 58M recipients
- Average Payment ~ $1350/mo
- Equates to ~5% GDP
- Annual SSI (Disabled, Blind & Aged) Distribution:
- $55B
- 8M recipients, >90% in disabled category (the vast majority under 65 yo)
- Average Payment = $532/mo
- Equates to ~0.3% GDP
- >80% from Federal (versus State) sources
FWIW, I’m in the same camp as “Independent.” I think I’ve received acceptable value from these programs, based on societal and personal benefit. YMMV