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Social Security Increase 2012: The Program At A Glance

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SOCIAL SECURITY INCREASE 2012
Blank U.S. Treasury checks are run through a printer at the U.S. Treasury printing facility July 18, 2011 in Philadelphia, Pennsylvania. U.S. President Barack Obama recently stated that he can't guarantee retirees will receive their Social Security checks in August if the House and Senate can not reach an agreement on reducing the deficit. (Photo by William Thomas Cain/Getty Images) | Getty Images

-- Social Security announced on Wednesday a 3.6 percent increase in benefits for next year, the first raise since 2009. A look at the program:

_Beneficiaries: 55 million

_Retired workers: 35 million

_Disabled workers: 8.5 million

_Spouses and children: 5 million

_Widows, widowers and surviving children: 6.3 million

_Total benefits to be paid in 2011: $727 billion

_Average monthly payment in August: $1,082

_Average monthly increase next year: $39

_Number of workers who will pay into Social Security next year: 161 million

_Maximum wages subject to Social Security tax this year: $106,800

_Maximum wages subject to Social Security tax next year: $110,100

_Number of workers who will get a tax increase: 10 million

_Maximum tax increase: $205, paid by both worker and employer

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Source: Social Security Administration.

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