BENEFITS AVAILABLE
01.Core Concepts
Retirement Benefits Disability Benefits Family Benefits Survivors’ Benefits Medicare Supplemental Social Security 5 SOCIAL SECURITY: BASIC FACTS (1 OF 2) • In 2024, over 67 million Americans will receive over $1.5 trillion in Social Security benefits… ($1,500,000,000,000.00) • Social Security is a major source of income for most of the elderly. • Nine out of ten individuals age 65 and older receive Social Security benefits. • Social Security benefits represent about 30% of the income of the elderly. • Among elderly Social Security beneficiaries, 37% of men and 42% of women receive 50% or more of their income from Social Security. • Among elderly Social Security beneficiaries, 12% of men and about 15% of women rely on Social Security for 90% or more of their income. 6 3 6© 2025 Money Education