FAST FACTS

• The U.S. Department of the Treasury issues more than 130 million checks each year. This includes Social Security, SSI, OPM and VA checks.
• More than 62 million people receive Social Security and/or SSI payments each month; 16 percent of those payments are by check.
• More than 54 million people receive Social Security payments each month; 13 percent of the payments are by check.
• More than 8 million people receive SSI payments each month; 34 percent of the payments are by check.
• About 4 million people who receive Social Security and SSI checks don’t have a bank or credit union account.¹
• More than 540,000 Social Security and SSI checks were reported lost or stolen in fiscal year 2010 and had to be reissued.²
• Nearly 50,000 checks issued by the Treasury Department in fiscal year 2010 were altered or fraudulently endorsed.³
• Each year, nearly 1.3 million people report problems with paper checks to the Treasury Department.³
• Currently, there are about 78 million baby boomers in the country. Baby boomers include those born between 1946 and 1964.⁴
• Ninety-five percent of Direct Express^® cardholders surveyed said they were satisfied with the card; 86 percent of surveyed cardholders said they would recommend the card to a friend or family member.⁵

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