Each month, more than 61 million people receive Social Security benefits (not counting those receiving supplemental security income). Roughly two-thirds of those are retired workers. According to data from the Social Security Administration (SSA) and via surveys from the likes of Gallup, Social Security income is counted on by approximately 60% of these retired workers to comprise at least half of their monthly income.
The importance of the program simply cannot be overstated. Unfortunately, neither can its problems.