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Social Security 1
Notes
People 65 and over collecting 1 social security retirement benefits J are part of “the fastest growing age group in the population,’’ according to Mrs. Hazel F. . Crumpton, social security district manager in Winchester. “Census figures show that since 1950 the number of people 65 and over has increased by about 65 percent-from 12 million to 20 j million,” she said. “The younger '
population has increased 32 [ percent.” 1 “About 16.8 million now get1 monthly retirement checks from social security,” she said. “That includes about 13.6 million retired workers plus dependents in their families.” Not all of these retired workers are over 65, however. Eligible workers can begin collecting social security retirement benefits as early as age 62,although payments are reduced. Full benefits are payable if the worker begins collecting them at 65. Social security retirement benefits now average $131 a month.
“The very fastest growing age group is the very oldest-75 and over,” Mrs. Crumpton said. ‘‘They’ve almost doubled in number during the past 20 yearsfrom 3.9 million to 7.6 million, according to the census.”
“Some 5,250 people who are 100 over get regular monthly checks from social security, an increase of 61 percent compared to 1969,” she said.
Almost everyone 65 or over has health insurance protection under Medicare, she noted. “Through social security younger workers and their families build disability and survivors protection as well as retirement protection,” she said.
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