Here's How Much Social Security Paid in Benefits to Americans in 2022
Tens of millions of people rely on Social Security for financial assistance. In addition to the vast number of older Americans who receive retirement benefits, Social Security makes money available to others who qualify for different types of payouts.
The federal government's 2022 fiscal year ended on Sept. 30, and final numbers are now available. They show how much money the Social Security Administration spent on various types of benefits during the course of the year.
Below, you'll see the three biggest outlays from Social Security during fiscal 2022 in reverse order. You'll get to explore what ramifications they have for the government and for those who rely on those payouts to help make ends meet.
Source Fool.com
