Social Security is a vital source of income for many retired Americans. More than 57 million Americans over age 65 received benefits as of May 2025, according to the Social Security Administration (SSA). Many depend on the income, with 63% of recipients claiming it makes up at least half of their income, per a 2024 Pew Research Center survey.
Check Out: How Far $1.5 Million in Retirement Savings Plus Social Security Goes in Every State
