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Wednesday, December 25, 2024

Florida ranks second in total retired beneficiaries in 2020

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There were 3,625,364 OASDI retired beneficiaries in Florida in 2020, ranking it second in the United States, according to the official Social Security Administration website.

The Old-Age, Survivors, and Disability Insurance (OASDI) is a program of the Social Security Administration funded primarily through payroll taxes. It was signed into law in 1935 by then-President Franklin D. Roosevelt.

The OASDI program aims to supplement a worker’s lost wages due to retirement, disability or death of a spouse.

The following table shows states ranked by number of retired workers.

State Ranking by Number of Retired Workers in 2020

RankStateNumber of Retired Workers
1California4,563,824
2Florida3,625,364
3Texas3,062,526
4New York2,645,425
5Pennsylvania2,056,241
6Ohio1,661,141
7Illinois1,654,623
8North Carolina1,574,403
9Michigan1,571,421
10Georgia1,330,246
11New Jersey1,226,008
12Virginia1,147,511
13Arizona1,079,667
14Washington1,041,832
15Tennessee1,023,475
16Indiana969,120
17Wisconsin950,228
18Massachusetts921,297
19Missouri919,164
20South Carolina857,657
21Minnesota807,380
22Maryland761,526
23Alabama748,936
24Colorado690,452
25Oregon683,497
26Kentucky635,809
27Louisiana573,565
28Oklahoma551,853
29Connecticut522,492
30Iowa493,211
31Arkansas460,240
32Mississippi439,690
33Nevada428,286
34Kansas413,953
35New Mexico318,663
36Utah308,775
37West Virginia299,166
38Idaho272,396
39Nebraska264,178
40Maine251,087
41New Hampshire228,809
42Hawaii225,111
43Montana184,587
44Delaware169,378
45Rhode Island164,439
46South Dakota141,799
47Vermont113,550
48North Dakota102,674
49Wyoming88,506
50Alaska79,077
51The District of Columbia59,696

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