A look at Social Security 80 years after President Franklin Roosevelt signed the Social Security Act:
—Total beneficiaries: 59.5 million.
—Number of people receiving retirement benefits (including workers, spouses and children): 49 million.
—Number of people receiving disability benefits: 11 million.
—Average monthly payment: $1,221.
—Number of workers paying Social Security taxes: 168 million.
—Value of retirement trust fund: $2.7 trillion.
—Total retirement benefits paid in 2014: $707 billion.
—Taxes collected by retirement fund in 2014: $674 billion.
—Projected year when retirement trust fund will be depleted: 2035.
—Value of disability trust fund: $60 billion.
—Total disability benefits paid in 2014: $142 billion.
—Taxes collected by disability fund in 2014: $111 billion.
—Projected year when disability trust fund will be depleted: 2016.
—Projected year when retirement and disability funds would be depleted, if combined: 2034.
—Projected deficit in 2035: $571 billion.
Source: Social Security Administration.
How would you fix Social Security? http://interactives.ap.org/2012/social-security