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Table III.B1. - Selected Economic Variables by Alternative, Calendar Years 1995-2070
[GDP and taxable payroll in billions]
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SSA Compound
average Gross interest-
Adjusted wage Taxable domestic rate
Calendar year CPI1/ index2/ payroll3/ product factor4/
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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
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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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