------------------------------------------------------------------------------- SSA Compound average Gross interest- Adjusted wage Taxable domestic rate Calendar year CPI1/ index2/ payroll3/ product factor4/ ------------------------------------------------------------------------------- Intermediate: 1995............. 97.34 $24,669.85 $2,920 $7,248 0.9346 1996............. 100.00 25,638.88 3,046 7,581 1.0000 1997............. 103.25 26,713.19 3,188 7,964 1.0647 1998............. 106.56 27,765.16 3,340 8,360 1.1350 1999............. 110.20 28,920.03 3,498 8,779 1.2100 2000............. 114.04 30,141.03 3,667 9,229 1.2904 2001............. 118.20 31,438.18 3,854 9,724 1.3756 2002............. 122.81 32,866.13 4,059 10,274 1.4665 2003............. 127.75 34,448.89 4,284 10,869 1.5634 2004............. 132.81 36,150.94 4,523 11,507 1.6667 2005............. 138.14 37,968.04 4,782 12,189 1.7768 2010............. 168.07 48,457.91 6,316 16,219 2.4244 2015............. 204.49 61,845.96 8,241 21,315 3.3048 2020............. 248.79 78,932.86 10,630 27,747 4.5050 2025............. 302.69 100,740.55 13,664 36,011 6.1410 2030............. 368.27 128,573.31 17,588 46,803 8.3711 2035............. 448.05 164,095.75 22,758 61,142 11.4111 2040............. 545.12 209,432.41 29,400 79,750 15.5551 2045............. 663.23 267,294.72 37,791 103,498 21.2040 2050............. 806.92 341,143.31 48,459 133,994 28.9044 2055............. 981.74 435,394.91 62,061 173,256 39.4011 2060............. 1194.43 555,686.44 79,554 224,229 53.7097 2065............. 1453.21 709,212.31 102,001 290,266 73.2146 2070............. 1768.05 905,154.38 130,720 375,569 99.8028 Low Cost: 1995............. 97.65 24,695.70 2,921 7,253 .9346 1996............. 100.00 25,681.63 3,070 7,631 1.0000 1997............. 102.80 26,825.33 3,249 8,076 1.0641 1998............. 105.87 28,004.92 3,439 8,554 1.1332 1999............. 109.06 29,285.34 3,643 9,056 1.2064 2000............. 112.32 30,612.08 3,857 9,577 1.2861 2001............. 115.71 31,959.65 4,075 10,116 1.3707 2002............. 119.17 33,376.61 4,305 10,671 1.4594 2003............. 122.75 34,870.04 4,535 11,251 1.5527 2004............. 126.40 36,430.05 4,783 11,862 1.6511 2005............. 130.18 38,091.67 5,044 12,509 1.7538 2010............. 150.92 47,469.16 6,523 16,220 2.3581 2015............. 174.95 59,155.23 8,355 20,829 3.1691 2020............. 202.82 73,718.19 10,604 26,551 4.2590 2025............. 235.12 91,866.27 13,445 33,830 5.7237 2030............. 272.57 114,482.10 17,139 43,333 7.6922 2035............. 315.99 142,665.53 22,008 55,912 10.3377 2040............. 366.31 177,787.22 28,290 72,218 13.8930 2045............. 424.66 221,555.20 36,286 93,077 18.6711 2050............. 492.30 276,098.09 46,460 119,747 25.0924 2055............. 570.71 344,068.44 59,534 154,183 33.7220 2060............. 661.61 428,771.97 76,388 198,785 45.3196 2065............. 766.98 534,327.94 98,100 256,513 60.9057 2070............. 889.14 665,869.81 125,941 330,893 81.8522 High Cost: 1995............. 97.40 $24,581.39 $2,918 $7,242 .9346 1996............. 100.00 25,350.67 3,003 7,400 1.0000 1997............. 103.12 26,228.37 3,076 7,652 1.0638 1998............. 108.65 27,628.78 3,265 8,216 1.1319 1999............. 114.50 28,834.17 3,409 8,490 1.2119 2000............. 119.64 30,201.60 3,521 8,897 1.3062 2001............. 125.62 31,756.04 3,737 9,559 1.4111 2002............. 131.86 33,309.98 3,973 10,204 1.5191 2003............. 138.49 35,014.17 4,212 10,855 1.6294 2004............. 145.38 36,859.70 4,454 11,534 1.7467 2005............. 152.67 38,841.32 4,715 12,264 1.8684 2010............. 194.85 50,764.07 6,370 16,766 2.5725 2015............. 248.68 66,346.64 8,479 22,583 3.5370 2020............. 317.38 86,712.41 11,133 30,064 4.8631 2025............. 405.07 113,329.65 14,509 39,749 6.6864 2030............. 516.98 148,117.31 18,903 52,540 9.1933 2035............. 659.82 193,583.41 24,664 69,544 12.6400 2040............. 842.11 253,005.78 31,997 91,527 17.3790 2045............. 1074.77 330,668.41 41,216 119,606 23.8946 2050............. 1371.71 432,170.38 52,855 155,602 32.8532 2055............. 1750.69 564,829.44 67,591 201,862 45.1704 2060............. 2234.37 738,209.63 86,337 261,577 62.1056 2065............. 2851.69 964,810.38 110,277 338,941 85.3900 2070............. 3639.56 1,260,968.63 140,822 439,082 117.4043 ------------------------------------------------------------------------------- 1/ The CPI used to adjust OASDI benefits is the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI), as defined by the Bureau of Labor Statistics, Department of Labor. The values shown are adjusted by dividing the calendar-year annual average CPI by the analogous value for 1996, and multi- plying the result by 100, thereby initializing the CPI at 100 for 1996. 2/ The "SSA average wage index" is defined in section 215(i)(1)(G) of the Social Security Act; it is used in the calculations of initial benefits and the automatic adjustment of the contribution and benefit base and other wage- indexed program amounts. 3/ Taxable payroll consists of total earnings subject to OASDI contribution rates, adjusted to include deemed wages based on military service and to reflect the lower effective contribution rates (compared to the combined employee-employer rate) which apply to multiple-employer "excess wages." 4/ The compound interest-rate factor is based on the average of the assumed annual interest rates for special public-debt obligations issuable to the trust funds in the 12 months of the year, under each alternative.
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