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Social Security provides the basis for economic security for millions of retired workers, surviving spouses, children, and Americans with disabilities. In addition to providing financial security in the lives of its beneficiaries, Social Security contributes to economic activity and growth throughout the U.S. Social Security benefits play a vital role in sustaining consumer demand that ultimately supports millions of jobs.

Virtually every state and local economy across the country benefits from the spending of Social Security benefit checks. These benefit expenditures are be especially vital to small or rural communities, where other steady sources of income may not be readily found if the local economy lacks a diverse economic base.

Quantifying the Economic Impact of Social Security Benefit Spending analyzes data on Social Security benefit expenditures to assess the overall national economic impact of benefits paid to retirees, survivors, disabled Americans, and other beneficiaries in 2023. It also analyzes these impacts at the state level for each of the 50 states and the District of Columbia.

Stay tuned!