Home » How dependent is Michigan on Social Security? Where we rank among US states

How dependent is Michigan on Social Security? Where we rank among US states

How dependent is Michigan on Social Security? Where we rank among US states

Michigan is the 14th-most Social Security dependent state, a new study says.The personal finance site’s report compared Social Security income levels among U.S. states.Michigan is among the top third of states most dependent on Social Security benefits, a new study finds.
Michigan ranked 14th at 34.7% of households having Social Security income, according to a report from GOBankingRates, a personal finance website, which analyzed how the 50 states compare in reliance upon support from the Social Security Administration.
“GOBankingRates determined how much American retirees rely on Social Security by analyzing each state’s households with Social Security income. The percent of households that receive Social Security income was calculated and the states were sorted to show the places with the highest percent of households receiving Social Security checks,” the report stated.

Here’swhattoknow. HowdependentisMichiganonSocialSecurity?ThestudyrankedMichiganthestatewiththe14th-highestpercentageofhouseholdswithSocialSecurity