Economics
Social Security Sees Slowdown in Retiree Rolls Amid Covid Deaths
- At 900,000, year-over-year gain is smallest since April 2009
- Almost 450,000 who died from Covid-19 were 65 and older
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The rate of growth in retired Americans who collect Social Security has slowed down sharply, and the drop may be due in part to the disproportionate number of deaths from Covid-19 among the elderly.
The number of people who received retirement benefits from the Social Security Administration rose 900,000 to 46.4 million in March, the smallest year-over-year gain since April 2009.