Social Security Benefits: Americans To Receive Lesser Funds In Coming Years

Social Security Benefits: Americans To Receive Lesser Funds In Coming Years

September 13, 2023 Ritika Khara 1

According to SSA statistics, 97% of Americans 60 and over are getting or will get Social Security payments. According to a 2021 SSA analysis utilizing data from 2015, 37 percent of men and 42 percent of women who are elderly Social Security pensioners receive a minimum of 50% of their income through the program. Benefit claimants receive payments over an extended period because they live longer.