Mention Social Security and most people immediately think of the monthly checks received by the program’s 62 million beneficiaries. Each day we see and hear how retirement, disability and survivor benefits keep people afloat and prevent them from falling into poverty. (Nearly half of beneficiaries rely on Social Security for all or most of their income). But that money isn’t just a lifeline to beneficiaries and their families, it’s an economic boon for their communities and the entire nation. Every year, $800 billion dollars flow to beneficiaries who spend much of their income locally. They do business at the grocery store, the pharmacy, the auto repair shop, the theater and the hairstylist. They purchase clothing, pay rent and other basic expenses – stimulating and strengthening the economy.
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