Social Security & Medicare
47,535 millionaires received Social Security benefits in 2010, totaling $1.438 billion. Median income of all recipients over 65 is $26,000.
Lower lifetime earnings mean women average smaller Social Security benefits than men in retirement. The difference? About $300 a month.
There are more Medicare doctors, but concerns over pay have many limiting the Medicare patients they’ll treat.
Supplemental Security Income pays federal benefits to our neediest citizens. It’s been paying out more since the recession.
Americans today live an average of four years longer compared to 1965, when Medicare was created. Those extra years are straining the program.
A third of American seniors depend on Social Security as a safety net. Without it, poverty rates would soar.
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