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Program Explainers

  1. Scheduled vs.
    Payable Benefits
  2. Special
    Minimum Benefit
  3. Why Will Poverty Decline
    for Beneficiaries?

Chart Descriptions - Scheduled vs. Payable Benefits

Released: April 2012
Next expected update: Summer 2014

All projections are for beneficiaries aged 60 or older.

Average (Median) Monthly Benefit, 2030–2070
(in 2012 dollars, actuarial estimates)
Year Scheduled benefits Payable benefits
2030 1,420 1,420
2050 1,706 1,334
2070 2,062 1,584
SOURCE: Modeling Income in the Near Term, Version 6 (MINT6) microsimulation model using 2011 Trustees Report intermediate assumptions.
Difference Between Scheduled and Payable Benefits, 2012–2080
Year Difference (percent)
2012 0
2013 0
2014 0
2015 0
2016 0
2017 0
2018 0
2019 0
2020 0
2021 0
2022 0
2023 0
2024 0
2025 0
2026 0
2027 0
2028 0
2029 0
2030 0
2031 0
2032 0
2033 0
2034 0
2035 0
2036 -19.7
2037 -23.5
2038 -23.4
2039 -23.2
2040 -23.1
2041 -22.9
2042 -22.7
2043 -22.5
2044 -22.4
2045 -22.3
2046 -22.1
2047 -22.0
2048 -21.9
2049 -21.8
2050 -21.8
2051 -21.7
2052 -21.7
2053 -21.8
2054 -21.8
2055 -21.9
2056 -22.0
2057 -22.1
2058 -22.2
2059 -22.2
2060 -22.3
2061 -22.3
2062 -22.4
2063 -22.4
2064 -22.5
2065 -22.6
2066 -22.7
2067 -22.8
2068 -22.9
2069 -23.0
2070 -23.2
2071 -23.3
2072 -23.4
2073 -23.6
2074 -23.8
2075 -23.9
2076 -24.1
2077 -24.2
2078 -24.4
2079 -24.6
2080 -24.7
SOURCE: Assumptions from the 2011 Trustees Report.
Poverty Rate, 2012–2080 (percent)
Year Scheduled benefits Payable benefits
2012 4.6 4.6
2013 4.5 4.5
2014 4.4 4.4
2015 4.3 4.3
2016 4.2 4.2
2017 3.8 3.8
2018 3.9 3.9
2019 3.8 3.8
2020 3.9 3.9
2021 3.8 3.8
2022 3.7 3.7
2023 3.7 3.7
2024 3.5 3.5
2025 3.5 3.5
2026 3.5 3.5
2027 3.4 3.4
2028 3.3 3.3
2029 3.3 3.3
2030 3.1 3.1
2031 3.1 3.1
2032 3.0 3.0
2033 2.9 2.9
2034 2.8 2.8
2035 2.8 2.8
2036 2.7 4.4
2037 2.7 4.7
2038 2.6 4.8
2039 2.5 4.6
2040 2.5 4.5
2041 2.5 4.4
2042 2.4 4.3
2043 2.4 4.1
2044 2.3 4.1
2045 2.1 3.9
2046 2.1 3.8
2047 2.0 3.6
2048 1.9 3.5
2049 1.9 3.5
2050 1.9 3.5
2051 1.8 3.2
2052 1.8 3.2
2053 1.8 3.2
2054 1.7 3.2
2055 1.8 3.1
2056 1.7 3.0
2057 1.7 2.9
2058 1.6 2.8
2059 1.5 2.8
2060 1.4 2.7
2061 1.4 2.7
2062 1.4 2.7
2063 1.3 2.5
2064 1.3 2.4
2065 1.3 2.4
2066 1.2 2.3
2067 1.2 2.4
2068 1.2 2.3
2069 1.1 2.2
2070 1.2 2.3
2071 1.1 2.2
2072 1.1 2.2
2073 1.0 2.1
2074 1.0 2.0
2075 1.0 2.0
2076 1.0 2.0
2077 1.0 1.9
2078 0.9 1.9
2079 0.9 1.8
2080 0.8 1.7
SOURCE: Modeling Income in the Near Term, Version 6 (MINT6) microsimulation model using 2011 Trustees Report intermediate assumptions.