Social Security Keeps 20 Million Americans Out of Poverty: A State-By-State Analysis

Source: Paul N. Van de Water and Arloc Sherman, Center on Budget and Policy Priorities, August 11, 2010

Social Security benefits play a vital role in reducing poverty. Without Social Security, according to the latest available Census data (for 2008), 19.8 million more Americans would be poor. Although most of those kept out of poverty by Social Security are elderly, nearly a third are under age 65, including 1.1 million children. (See Table 1.) Depending on their design, reductions in Social Security benefits could significantly increase poverty, particularly among the elderly.
Related:
Social Security 75th Anniversary Survey Report: Public Opinion Trends
Source: Colette Thayer, AARP, August 2010
Social Security Finances: Findings of the 2010 Trustees Report
Source: Virginia P. Reno and Elizabeth Lamme, National Academy of Social Insurance, Social Security Brief No. 34, August 2010
The 2010 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds
Source: Social Security Administration, 2010

Leave a Reply