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On average, how much longer are Social Security beneficiaries living beyond their full retirement age than they were when the program began paying benefits in 1940?

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When Social Security began paying benefits in 1940, the average 65-year-old male had a period life expectancy of 11.9 years. By 2013, this figure increased to 18 years, while the full retirement age increased by one year. This amounts to a 43% increase in the time spent collecting old-age benefits. The analogous figure for females is 45%.

DocumentationCauses of SS Fiscal ProblemsSS Financial Condition

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