August 30th, 2013|
August 30, 2013
While much of the recent media attention surrounding Social Security Benefits has focused on cases of fraud and dwindling program funding, it is important to remember how vital the program is for many Americans.
Without the Social Security Administration (SSA) and the programs it supports, millions of United States citizens would be living in poverty. The SSA estimates the median total income for married couples and non-married individuals ages 65 or older have increased significantly since 1962, when the SSA began tracking such data. Even with inflation adjustments, median incomes have risen between 114 and 122 percent.
This rise in median income can be directly attributed to the Social Security Administration and its programs, considering 87 percent of married couples and 85 percent of non-married individuals in this particular age demographic are Social Security recipients. These benefits make up an average of two-thirds of these individuals total income.
More than 56 million citizens are currently receiving benefits from the SSA, with an increasing number of women collecting payments. This number is only expected to rise in the coming years.
The Social Security Benefits Lawyers with Fleschner, Stark, Tanoos & Newlin recognize how vital benefits for retirees and the disabled coming from the SSA can be to having income resources that provide everyday necessities. The firm is here to help anyone who is considering applying for such benefits or who has a claim that was denied in the past.