Social Security at a glance

AP News
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Posted: Oct 19, 2011 2:51 PM
Social Security at a glance

Social Security announced on Wednesday a 3.6 percent increase in benefits for next year, the first raise since 2009. A look at the program:

_Beneficiaries: 55 million

_Retired workers: 35 million

_Disabled workers: 8.5 million

_Spouses and children: 5 million

_Widows, widowers and surviving children: 6.3 million

_Total benefits to be paid in 2011: $727 billion

_Average monthly payment in August: $1,082

_Average monthly increase next year: $39

_Number of workers who will pay into Social Security next year: 161 million

_Maximum wages subject to Social Security tax this year: $106,800

_Maximum wages subject to Social Security tax next year: $110,100

_Number of workers who will get a tax increase: 10 million

_Maximum tax increase: $205, paid by both worker and employer

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Source: Social Security Administration.