1、 https:/crsreports.congress.gov July 1, 2019Social Security: Select Findings of the 2019 Annual ReportSocial Security is a self-financing program that covers approximately 177 million workers and provides monthly cash benefits to 63 million beneficiaries. Social Security is the federal governments s
2、ingle largest program, both in terms of the number of people affected (i.e., covered workers and beneficiaries) and its finances. The Social Security program is composed of Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI); it is referred to collectively as OASDI. The OASDI progra
3、m is primarily financed through a payroll tax applied to Social Security covered earnings up to an annual limit (88.2% of total revenues in 2018). In addition, some beneficiaries pay income tax on a portion of their Social Security benefits (3.5% of total revenue in 2018). From 1983 to 2010, the OAS
4、DI program collected more in tax revenues than needed to pay benefits. These excess revenues were held in interest-bearing U.S. Treasury securities, providing a third source of funding for the program. In 2018, interest revenues accounted for 8.3% of total revenues. Monthly benefits are the largest
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