More people received benefits from the agency in April than in March, data from the Social Security Administration showed.
The number of Americans who collected benefits from the Social Security Administration rose to almost 72.23 million in April compared to 72.03 million in March, according to the latest data from the agency.The figures suggest there were about 195,000 new recipients of Social Security, Supplemental Security Income or a combination of both. In April, 64.8 million people received only Social Security benefits, up from 64.6 million the previous month.
Steve Goss, the Social Security Administration's chief actuary, suggested that should the fund be drained by 2033, the agency could be forced to pay about 80 percent of benefits.In a Morning Consult/Bloomberg poll, Americans suggested they would welcome a cut in benefits for retirees in high income brackets as a way to extend the life of the fund.
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