Social Security up in 2017

Statement

Social Security benefits contributed $30.9 million to the Northern Marianas economy last year, up by $1.128 million over 2016. The number of people getting benefits is also higher, according to the records Social Security Administration released to Congress this week. 2,955 retirees, disabled workers and survivors received Social Security checks, bringing in a total of $23.4 million in income in 2017. On top of that, the Supplemental Security Income program paid $7.5 million to 1,027 low-income Marianas residents who are elderly, blind or disabled. All these benefits provide a steady income to the recipients. And when beneficiaries spend their checks on goods and services, the effects ripple throughout our local economy.

Source