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The Water Cooler
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SSI Trust fund
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<blockquote data-quote="Hobbes" data-source="post: 1738533" data-attributes="member: 3371"><p>At the end of 2010, about 54 million people were receiving benefits:</p><p>37 million retired workers and dependents of retired workers, 6 million survivorsof deceased workers, and 10 million disabled workers and dependents of disabled workers. During the year, an estimated 157 million people had earnings covered by Social Security and paid payroll taxes.</p><p></p><p>Total expenditures in 2010 were $713 billion. Total income was $781 billion ($664 billion in non-interest income and $117 billion in interest earnings), and assets held in special issue U.S. Treasury securities grew to $2.6 trillion.</p><p></p><p>Last year, 2011, slightly more was paid out than paid in but the fund still grew because of earned interest on the funds holdings.</p></blockquote><p></p>
[QUOTE="Hobbes, post: 1738533, member: 3371"] At the end of 2010, about 54 million people were receiving benefits: 37 million retired workers and dependents of retired workers, 6 million survivorsof deceased workers, and 10 million disabled workers and dependents of disabled workers. During the year, an estimated 157 million people had earnings covered by Social Security and paid payroll taxes. Total expenditures in 2010 were $713 billion. Total income was $781 billion ($664 billion in non-interest income and $117 billion in interest earnings), and assets held in special issue U.S. Treasury securities grew to $2.6 trillion. Last year, 2011, slightly more was paid out than paid in but the fund still grew because of earned interest on the funds holdings. [/QUOTE]
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