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Social Security keeps seniors out of poverty

A third of American seniors depend on Social Security as a safety net. Without it, poverty rates would soar.

Social Security keeps seniors out of poverty

Here's a look at a previously released fact.

One of every three Americans over 65 depends on Social Security checks to stay above the poverty line. Without these benefits, the poverty rate among seniors would soar from the current 9 percent to 45 percent. The average monthly Social Security benefit for a retired worker was about $1,230 at the beginning of 2012, and the official poverty line for an individual over 65 is $10,788 annually.

See how senior poverty rates have changed over time by checking out our infographic. Then join the discussion below. Does this much dependence on Social Security surprise you?

What do others say?

  • : National Committee to Preserve Social Security and Medicare: “Myths and Realities about Social Security and Privatization” More

  • : New York Times: “Even Critics of Safety Net Increasingly Depend on It” More

  • : American Academy of Actuaries: “Try your hand at Social Security Reform” More

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