- Joined
- Apr 21, 2013
Elon Musk posted this chart on X. There's apparently people over the world record of longest living person getting social security checks. By the millions.

One user on X suggests that this fraud could scale anywhere between $500 billion and $800 billion per year. Larger than some countries GDPs.

One user on X suggests that this fraud could scale anywhere between $500 billion and $800 billion per year. Larger than some countries GDPs.
This has the potential to be the biggest fraud in US history. If DOGE's numbers are right, $522B—1/3 of ALL spending on Social Security each year—is fraudulent.
Here's my math:
According to DOGE data, 20.7M people 100+ years old are receiving Social Security. But there are *at most* 101k living centenarians (Census says 101k, UN estimates 80k).
The average monthly benefit is around $2,100. $2,100 * 12 * 20.6M =$522B per year.
If this has been going on for 10 years, that's $5 trillion of wasted money.
I really hope this data is incorrect, because otherwise this is the biggest financial crime in American history by several orders of magnitude.
This doesn't include the potential fraud from fake beneficiaries below age 100 (e.g., people in their 70s/80s/90s). By my math and adjusting for a normalized age distribution, this could bring the total amount of fraud to $793B per year.