Subject: Re: Social Security and Over 120
Back in 1994 SS published a report on the percentage of people over the age of 99 were receiving SS. They found that of 43 million receiving SS benefits 40,583 over 99 were receiving them. That’s a little less than 0.7 percent. If you look at the SS actual life tables and sum the average number alive older than 99 divided by the average alive between 62 and 99 you come up with 0.63% which is slightly less than might be expected.
I’m sure there are a few cases of fraud but this rough analysis indicates that it is no were near the level some believe