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Social Security beneficiaries reaches new high

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As more baby boomers reach retirement age, the number of recipients relying on the program is set to increase.
The number of Americans receiving Social Security benefits has reached a new high of over 70 million, as reported by the Center on Budget and Policy Priorities, reflecting an increase driven by the aging of the baby boomer generation and the expansion of the Supplemental Security Income (SSI) program. This rise in beneficiaries underscores the growing reliance on Social Security, with the program now supporting nearly one in five Americans, including retirees, disabled individuals, and children. Despite the increase, the average monthly benefit remains modest at around $1,827, highlighting the program's critical role in preventing poverty among vulnerable populations.

Read the Full Newsweek Article at:
[ https://www.newsweek.com/social-security-beneficiaries-reaches-new-high-2070255 ]