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. ...
TABLE 1: Effect of Social Security on Poverty, 2008 | |||
Age Group | Percent in Poverty | Number Lifted Out of Poverty by Social Security | |
Excluding Social Security | Including Social Security | ||
Children Under 18 | 20.5 | 19.0 | 1,117,000 |
Adults Aged 18-64 | 14.5 | 11.7 | 5,281,000 |
Elderly Aged 65 and Over | 45.2 | 9.7 | 13,410,000 |
Total, All Ages | 19.8 | 13.2 | 19,808,000 |
Memorandum: | |||
Women Aged 65 and Over | 49.7 | 11.9 | 8,120,000 |
Source: Center on Budget and Policy Priorities based on data from the U.S. Census Bureau, Current Population Survey, March 2009. |
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