Single-Year Tables Historical Data Intermediate Assumptions Low-Cost Assumptions High-Cost Assumptions


Table VI.G6.- Selected Economic Variables,
Calendar Years 1970-2095
[GDP and taxable payroll in billions]

Calendar year   Adjusted
CPI  a		   Average
wage index		   Taxable
payroll  b		   Gross
domestic
product		   Compound
new-issue
interest
factor  c		   Compound
effective
trust-fund
interest
factor  d

Historical data:
1970   15.96   $6,186.24   $404   $1,076   0.0489   0.0408
1971   16.65   6,497.08   415   1,168   .0525   .0429
1972   17.23   7,133.80   471   1,282   .0556   .0452
1973   18.29   7,580.16   546   1,429   .0590   .0477
1974   20.30   8,030.76   620   1,549   .0630   .0505
1975   22.14   8,630.92   648   1,689   .0678   .0538
1976   23.41   9,226.48   719   1,878   .0729   .0573
1977   24.92   9,779.44   795   2,086   .0782   .0613
1978   26.84   10,556.03   895   2,357   .0838   .0656
1979   29.91   11,479.46   1,047   2,632   .0908   .0704
1980   33.92   12,513.46   1,151   2,862   .0993   .0761
1981   37.40   13,773.10   1,272   3,211   .1105   .0831
1982   39.65   14,531.34   1,341   3,345   .1258   .0919
1983   40.84   15,239.24   1,488   3,638   .1424   .1019
1984   42.27   16,135.07   1,597   4,041   .1585   .1133
1985   43.74   16,822.51   1,722   4,347   .1787   .1263
1986   44.44   17,321.82   1,842   4,590   .1985   .1403
1987   46.03   18,426.51   1,956   4,870   .2147   .1552
1988   47.88   19,334.04   2,090   5,253   .2331   .1706
1989   50.17   20,099.55   2,235   5,658   .2541   .1871
1990   52.79   21,027.98   2,356   5,980   .2766   .2048
1991   54.95   21,811.60   2,420   6,174   .3010   .2237
1992   56.55   22,935.42   2,529   6,539   .3254   .2437
1993   58.15   23,132.67   2,635   6,879   .3489   .2645
1994   59.58   23,753.53   2,780   7,309   .3703   .2861
1995   61.30   24,705.66   2,912   7,664   .3969   .3089
1996   63.06   25,913.90   3,064   8,100   .4247   .3328
1997   64.49   27,426.00   3,275   8,609   .4531   .3579
1998   65.35   28,861.44   3,516   9,089   .4835   .3843
1999   66.78   30,469.84   3,736   9,661   .5111   .4115
2000   69.11   32,154.82   3,992   10,285   .5415   .4399
2001   70.99   32,921.92   4,158   10,622   .5758   .4696
2002   71.98   33,252.09   4,238   10,978   .6063   .5002
2003   73.57   34,064.95   4,343   11,511   .6362   .5313
2004   75.50   35,648.55   4,540   12,275   .6624   .5623
2005   78.16   36,952.94   4,747   13,094   .6909   .5936
2006   80.65   38,651.41   5,023   13,856   .7211   .6256
2007   82.97   40,405.48   5,251   14,478   .7563   .6586
2008   86.36   41,334.97   5,413   14,719   .7919   .6927
2009   85.78   40,711.61   5,255   14,419   .8209   .7272
2010   87.55   41,673.83   5,290   14,964   .8451   .7618
2011   90.67   42,979.61   5,466   15,518   .8685   .7963
2012   92.57   44,321.67   5,687   16,155   .8897   .8301
2013   93.84   44,888.16   5,888   16,692   .9027   .8628
2014   95.25   46,481.52   6,157   17,428   .9197   .8946
2015   94.85   48,098.63   6,458   18,121   .9407   .9257
2016   95.78   48,642.15   6,636   18,624   .9598   .9559

Intermediate:
2017   97.82   50,020.69   6,956   19,385   .9773   .9853
2018   100.00   51,894.47   7,261   20,307   1.0000   1.0145
2019   102.50   54,076.92   7,608   21,262   1.0271   1.0438
2020   105.17   56,534.16   7,994   22,288   1.0622   1.0736
2021   107.91   59,089.48   8,407   23,346   1.1045   1.1043
2022   110.71   61,705.86   8,836   24,440   1.1523   1.1358
2023   113.59   64,405.95   9,278   25,577   1.2059   1.1685
2024   116.54   67,191.23   9,739   26,765   1.2652   1.2032
2025   119.57   70,057.16   10,213   27,978   1.3302   1.2401
2026   122.68   73,003.92   10,702   29,229   1.3996   1.2797
2027   125.87   75,908.24   11,185   30,535   1.4741   1.3227
2028   129.14   78,871.02   11,666   31,884   1.5533   1.3709
2029   132.50   81,935.26   12,158   33,278   1.6367   1.4262
2030   135.95   85,114.16   12,671   34,731   1.7246   1.4891
2031   139.48   88,423.72   13,203   36,241   1.8172   1.5605
2032   143.11   91,865.72   13,758   37,819   1.9148   1.6414
2033   146.83   95,443.08   14,334   39,457   2.0176   1.7296
2034   150.65   99,159.38   14,931   41,155   2.1260   1.8224
2035   154.56   103,003.87   15,556   42,930   2.2401   1.9203
2036   158.58   106,986.22   16,205   44,775   2.3604   2.0234
2037   162.70   111,105.98   16,884   46,703   2.4872   2.1321
2038   166.94   115,375.42   17,594   48,721   2.6207   2.2466
2039   171.28   119,798.57   18,340   50,836   2.7615   2.3672
2040   175.73   124,375.91   19,117   53,040   2.9098   2.4944
2041   180.30   129,111.72   19,931   55,347   3.0660   2.6283
2042   184.99   134,017.14   20,790   57,776   3.2307   2.7695
2043   189.80   139,109.55   21,688   60,316   3.4042   2.9182
2044   194.73   144,403.35   22,628   62,973   3.5870   3.0749
2045   199.79   149,896.71   23,609   65,746   3.7796   3.2400
2046   204.99   155,607.70   24,632   68,635   3.9826   3.4140
2047   210.32   161,554.36   25,702   71,655   4.1965   3.5974
2048   215.79   167,746.28   26,824   74,818   4.4218   3.7906
2049   221.40   174,188.76   27,991   78,107   4.6593   3.9941
2050   227.15   180,862.31   29,205   81,536   4.9095   4.2086
2051   233.06   187,789.86   30,474   85,121   5.1732   4.4346
2052   239.12   194,990.13   31,798   88,856   5.4510   4.6728
2053   245.33   202,469.76   33,175   92,743   5.7437   4.9237
2054   251.71   210,225.13   34,605   96,786   6.0522   5.1881
2055   258.26   218,269.08   36,090   100,989   6.3772   5.4667
2056   264.97   226,619.63   37,638   105,371   6.7196   5.7603
2057   271.86   235,289.71   39,246   109,930   7.0805   6.0696
2058   278.93   244,296.02   40,916   114,670   7.4607   6.3956
2059   286.18   253,651.31   42,656   119,608   7.8614   6.7390
2060   293.62   263,354.75   44,465   124,750   8.2836   7.1009
2061   301.26   273,403.77   46,344   130,103   8.7284   7.4823
2062   309.09   283,823.20   48,299   135,679   9.1971   7.8841
2063   317.13   294,600.80   50,330   141,491   9.6910   8.3075
2064   325.37   305,761.61   52,444   147,548   10.2115   8.7536
2065   333.83   317,308.93   54,643   153,867   10.7598   9.2237
2066   342.51   329,265.98   56,933   160,458   11.3377   9.7190
2067   351.42   341,638.99   59,317   167,337   11.9465   10.2410
2068   360.55   354,451.71   61,803   174,519   12.5881   10.7909
2069   369.93   367,740.88   64,395   182,013   13.2641   11.3704
2070   379.55   381,537.58   67,102   189,838   13.9764   11.9810
2071   389.41   395,845.77   69,929   198,017   14.7269   12.6244
2072   399.54   410,681.11   72,883   206,570   15.5178   13.3024
2073   409.93   426,072.03   75,970   215,510   16.3512   14.0168
2074   420.58   442,027.25   79,191   224,854   17.2292   14.7695
2075   431.52   458,555.69   82,548   234,618   18.1545   15.5626
2076   442.74   475,687.90   86,047   244,820   19.1294   16.3984
2077   454.25   493,427.43   89,695   255,484   20.1567   17.2790
2078   466.06   511,826.63   93,504   266,628   21.2392   18.2069
2079   478.18   530,908.11   97,479   278,267   22.3797   19.1847
2080   490.61   550,706.66   101,628   290,420   23.5816   20.2149
2081   503.37   571,255.13   105,958   303,106   24.8480   21.3005
2082   516.45   592,579.91   110,472   316,338   26.1823   22.4444
2083   529.88   614,706.35   115,177   330,137   27.5884   23.6497
2084   543.66   637,666.27   120,081   344,522   29.0699   24.9197
2085   557.79   661,504.94   125,189   359,507   30.6311   26.2580
2086   572.30   686,254.12   130,508   375,112   32.2760   27.6681
2087   587.18   711,959.53   136,052   391,372   34.0093   29.1539
2088   602.44   738,648.14   141,824   408,299   35.8357   30.7195
2089   618.11   766,346.31   147,831   425,926   37.7601   32.3692
2090   634.18   795,083.51   154,082   444,282   39.7879   34.1075
2091   650.67   824,893.34   160,582   463,394   41.9246   35.9392
2092   667.58   855,823.64   167,343   483,292   44.1760   37.8692
2093   684.94   887,939.74   174,380   504,015   46.5484   39.9028
2094   702.75   921,280.04   181,709   525,606   49.0481   42.0457
2095   721.02   955,877.40   189,340   548,108   51.6821   44.3036

Low-cost:
2017   97.35   50,031.80   6,957   19,393   .9773   .9853
2018   100.00   52,409.41   7,359   20,587   1.0000   1.0147
2019   103.26   55,687.90   7,887   22,055   1.0355   1.0449
2020   106.59   59,194.02   8,464   23,558   1.0862   1.0772
2021   110.01   62,741.89   9,061   25,023   1.1427   1.1118
2022   113.53   66,191.66   9,671   26,511   1.2052   1.1490
2023   117.16   69,734.56   10,308   28,064   1.2734   1.1896
2024   120.91   73,442.74   10,970   29,716   1.3487   1.2345
2025   124.78   77,392.43   11,668   31,444   1.4318   1.2844
2026   128.77   81,576.71   12,397   33,238   1.5223   1.3401
2027   132.89   85,836.60   13,148   35,129   1.6206   1.4026
2028   137.14   90,260.73   13,883   37,113   1.7266   1.4729
2029   141.53   94,893.28   14,653   39,197   1.8389   1.5518
2030   146.06   99,756.77   15,464   41,396   1.9584   1.6402
2031   150.73   104,877.18   16,318   43,713   2.0858   1.7390
2032   155.56   110,263.57   17,220   46,160   2.2214   1.8494
2033   160.54   115,925.38   18,168   48,734   2.3659   1.9697
2034   165.67   121,874.09   19,166   51,442   2.5197   2.0978
2035   170.97   128,098.89   20,224   54,308   2.6835   2.2342
2036   176.45   134,614.59   21,340   57,331   2.8580   2.3794
2037   182.09   141,429.90   22,524   60,533   3.0439   2.5342
2038   187.92   148,571.51   23,783   63,932   3.2418   2.6989
2039   193.93   156,053.32   25,122   67,543   3.4526   2.8744
2040   200.14   163,884.74   26,539   71,362   3.6771   3.0613
2041   206.54   172,081.71   28,046   75,416   3.9162   3.2604
2042   213.15   180,671.87   29,657   79,741   4.1708   3.4724
2043   219.97   189,693.44   31,369   84,332   4.4421   3.6982
2044   227.01   199,180.40   33,189   89,202   4.7309   3.9387
2045   234.28   209,144.66   35,118   94,360   5.0385   4.1948
2046   241.77   219,630.86   37,161   99,817   5.3661   4.4675
2047   249.51   230,685.84   39,329   105,600   5.7151   4.7580
2048   257.49   242,336.58   41,633   111,732   6.0867   5.0674
2049   265.73   254,602.40   44,066   118,200   6.4825   5.3969
2050   274.24   267,472.51   46,635   125,033   6.9040   5.7478
2051   283.01   280,999.74   49,359   132,268   7.3529   6.1216
2052   292.07   295,231.00   52,240   139,908   7.8310   6.5196
2053   301.42   310,193.92   55,281   147,968   8.3402   6.9436
2054   311.06   325,901.31   58,487   156,466   8.8825   7.3951
2055   321.02   342,393.10   61,867   165,423   9.4601   7.8759
2056   331.29   359,718.79   65,438   174,881   10.0752   8.3880
2057   341.89   377,922.31   69,205   184,856   10.7304   8.9335
2058   352.83   397,053.76   73,178   195,371   11.4281   9.5144
2059   364.12   417,158.35   77,376   206,476   12.1712   10.1330
2060   375.77   438,260.96   81,810   218,200   12.9626   10.7919
2061   387.80   460,383.55   86,486   230,575   13.8055   11.4936
2062   400.21   483,596.17   91,426   243,649   14.7032   12.2410
2063   413.01   507,907.32   96,640   257,464   15.6593   13.0370
2064   426.23   533,389.63   102,151   272,070   16.6775   13.8847
2065   439.87   560,079.76   107,975   287,519   17.7619   14.7875
2066   453.94   588,051.43   114,135   303,865   18.9169   15.7491
2067   468.47   617,352.23   120,651   321,167   20.1469   16.7731
2068   483.46   648,062.02   127,552   339,494   21.4570   17.8638
2069   498.93   680,284.16   134,861   358,897   22.8522   19.0254
2070   514.90   714,119.46   142,614   379,457   24.3381   20.2625
2071   531.37   749,624.26   150,836   401,254   25.9207   21.5800
2072   548.38   786,874.89   159,560   424,368   27.6062   22.9832
2073   565.93   825,974.51   168,815   448,877   29.4012   24.4777
2074   584.04   866,992.00   178,626   474,866   31.3130   26.0693
2075   602.73   909,999.24   189,018   502,419   33.3491   27.7645
2076   622.01   955,112.59   200,020   531,613   35.5176   29.5698
2077   641.92   1,002,397.28   211,667   562,552   37.8271   31.4926
2078   662.46   1,052,023.06   224,004   595,320   40.2868   33.5403
2079   683.66   1,104,106.34   237,070   630,013   42.9064   35.7213
2080   705.53   1,158,789.71   250,905   666,725   45.6963   38.0440
2081   728.11   1,216,213.09   265,547   705,556   48.6677   40.5178
2082   751.41   1,276,505.43   281,032   746,604   51.8322   43.1524
2083   775.46   1,339,796.41   297,401   789,973   55.2026   45.9584
2084   800.27   1,406,243.18   314,697   835,773   58.7921   48.9468
2085   825.88   1,476,031.64   332,968   884,116   62.6150   52.1295
2086   852.31   1,549,326.30   352,265   935,132   66.6864   55.5191
2087   879.58   1,626,326.09   372,652   988,967   71.0227   59.1292
2088   907.73   1,707,203.01   394,176   1,045,756   75.6408   62.9740
2089   936.78   1,792,126.30   416,893   1,105,663   80.5593   67.0688
2090   966.75   1,881,273.21   440,861   1,168,855   85.7976   71.4299
2091   997.69   1,974,836.62   466,150   1,235,528   91.3765   76.0746
2092   1,029.61   2,073,048.46   492,843   1,305,899   97.3182   81.0213
2093   1,062.56   2,176,203.68   521,036   1,380,177   103.6462   86.2896
2094   1,096.56   2,284,538.89   550,818   1,458,609   110.3857   91.9005
2095   1,131.65   2,398,277.32   582,276   1,541,437   117.5634   97.8762

High-cost:
2017   98.39   50,015.84   6,955   19,383   .9773   .9853
2018   100.00   51,505.66   7,194   20,129   1.0000   1.0144
2019   101.49   51,740.36   7,240   20,179   1.0215   1.0429
2020   103.43   53,243.84   7,441   20,767   1.0379   1.0709
2021   105.50   54,994.26   7,692   21,505   1.0664   1.0986
2022   107.61   56,917.34   7,969   22,261   1.1026   1.1258
2023   109.77   58,885.61   8,255   23,032   1.1435   1.1526
2024   111.96   60,812.41   8,550   23,823   1.1886   1.1792
2025   114.20   62,796.24   8,856   24,641   1.2368   1.2056
2026   116.48   64,830.08   9,165   25,487   1.2886   1.2323
2027   118.81   66,699.05   9,451   26,335   1.3439   1.2596
2028   121.19   68,475.17   9,732   27,165   1.4010   1.2888
2029   123.61   70,285.21   10,017   28,021   1.4604   1.3201
2030   126.09   72,141.40   10,311   28,903   1.5224   1.3767
2031   128.61   74,053.87   10,611   29,807   1.5870   1.4468
2032   131.18   76,021.55   10,920   30,740   1.6544   1.5073
2033   133.80   78,044.38   11,235   31,695   1.7246   1.5713
2034   136.48   80,123.71   11,557   32,668   1.7978   1.6379
2035   139.21   82,251.25   11,889   33,674   1.8741   1.7074
2036   141.99   84,435.39   12,228   34,702   1.9536   1.7799
2037   144.83   86,672.58   12,576   35,758   2.0365   1.8555
2038   147.73   88,967.91   12,935   36,847   2.1229   1.9342
2039   150.68   91,321.54   13,305   37,971   2.2130   2.0163
2040   153.70   93,730.26   13,683   39,118   2.3069   2.1019
2041   156.77   96,194.73   14,071   40,298   2.4049   2.1911
2042   159.91   98,718.84   14,475   41,524   2.5069   2.2840
2043   163.11   101,307.23   14,890   42,782   2.6133   2.3810
2044   166.37   103,962.34   15,316   44,077   2.7242   2.4820
2045   169.70   106,678.22   15,752   45,405   2.8398   2.5874
2046   173.09   109,465.09   16,200   46,768   2.9604   2.6972
2047   176.55   112,331.73   16,662   48,173   3.0860   2.8116
2048   180.08   115,280.38   17,139   49,627   3.2170   2.9310
2049   183.68   118,309.47   17,628   51,113   3.3535   3.0554
2050   187.36   121,401.97   18,127   52,639   3.4958   3.1850
2051   191.10   124,570.82   18,642   54,214   3.6442   3.3202
2052   194.93   127,824.67   19,171   55,832   3.7988   3.4611
2053   198.82   131,163.51   19,713   57,494   3.9601   3.6080
2054   202.80   134,580.42   20,267   59,196   4.1281   3.7611
2055   206.86   138,079.28   20,832   60,941   4.3033   3.9207
2056   210.99   141,667.67   21,413   62,737   4.4860   4.0871
2057   215.21   145,348.83   22,007   64,577   4.6763   4.2606
2058   219.52   149,127.73   22,613   66,460   4.8748   4.4414
2059   223.91   153,007.65   23,235   68,396   5.0817   4.6299
2060   228.39   156,983.21   23,872   70,383   5.2974   4.8264
2061   232.96   161,048.26   24,522   72,421   5.5222   5.0312
2062   237.61   165,212.68   25,186   74,512   5.7565   5.2448
2063   242.37   169,463.62   25,864   76,658   6.0008   5.4674
2064   247.21   173,810.06   26,556   78,859   6.2555   5.6994
2065   252.16   178,249.01   27,264   81,117   6.5210   5.9413
2066   257.20   182,788.57   27,987   83,436   6.7978   6.1934
2067   262.35   187,427.25   28,727   85,817   7.0863   6.4563
2068   267.59   192,172.40   29,485   88,266   7.3870   6.7303
2069   272.94   197,037.55   30,261   90,778   7.7005   7.0159
2070   278.40   202,032.73   31,057   93,358   8.0273   7.3137
2071   283.97   207,152.06   31,874   96,013   8.3680   7.6241
2072   289.65   212,396.37   32,714   98,745   8.7231   7.9476
2073   295.44   217,773.70   33,576   101,556   9.0933   8.2849
2074   301.35   223,281.74   34,462   104,451   9.4793   8.6365
2075   307.38   228,917.56   35,368   107,431   9.8816   9.0031
2076   313.53   234,688.27   36,297   110,496   10.3009   9.3852
2077   319.80   240,588.56   37,249   113,653   10.7381   9.7835
2078   326.19   246,636.91   38,226   116,902   11.1938   10.1987
2079   332.72   252,835.44   39,231   120,248   11.6689   10.6315
2080   339.37   259,191.35   40,266   123,695   12.1641   11.0827
2081   346.16   265,711.21   41,331   127,245   12.6804   11.5531
2082   353.08   272,399.94   42,425   130,900   13.2185   12.0434
2083   360.14   279,262.20   43,550   134,661   13.7795   12.5545
2084   367.35   286,304.16   44,707   138,530   14.3643   13.0873
2085   374.69   293,535.68   45,896   142,510   14.9739   13.6427
2086   382.19   300,959.00   47,117   146,599   15.6094   14.2217
2087   389.83   308,581.87   48,373   150,805   16.2719   14.8253
2088   397.63   316,405.72   49,664   155,128   16.9625   15.4545
2089   405.58   324,432.00   50,989   159,573   17.6824   16.1104
2090   413.69   332,662.09   52,349   164,144   18.4328   16.7941
2091   421.97   341,097.84   53,742   168,839   19.2151   17.5068
2092   430.41   349,746.97   55,171   173,661   20.0306   18.2498
2093   439.01   358,623.87   56,637   178,616   20.8807   19.0243
2094   447.79   367,731.37   58,140   183,707   21.7668   19.8317
2095   456.75   377,069.65   59,683   188,939   22.6906   20.6734
a CPI-W indexed to calendar year 2018. Historical values computed using the intermediate assumptions value for 2018.
b Total earnings subject to OASDI contribution rates, adjusted to reflect the lower effective contribution rates (compared to the combined employee-employer rate) that apply to multiple-employer "excess wages."
c For each alternative, incorporates the average of the assumed annual yield for special public-debt obligations issuable to the trust funds in the 12 months of the prior year.
d For each alternative, incorporates the annual effective yield for all outstanding special public-debt obligations held by the trust fund, with a half-year's interest effect in each row. The effective yield for a period equals total interest earned during the period divided by the total exposure to interest on asset reserves and all income and outgo items during the period. The reciprocals of the factors approximate the discounting/accumulation factors that are used to calculate summarized rates and balances in this report.