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Projected Effects of a Proposal to Increase Benefits for Older Beneficiaries
Details: Primary insurance amount (PIA) increase is phased-in starting at 81 and by 85 is equal to 5 percent of the average retired-worker PIA in the year the beneficiary turns 80
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Characteristic | Percent of population with a— |
Percent change in Social Security benefits at the— |
|||
---|---|---|---|---|---|
Benefit decrease | Benefit increase |
10th %ile | Median | 90th %ile | |
Total | 0% | 22% | 0% | 0% | 3% |
Sex | |||||
Female | 0% | 26% | 0% | 0% | 4% |
Male | 0% | 18% | 0% | 0% | 3% |
Race and ethnicity | |||||
Hispanic or Latino, any race | 0% | 12% | 0% | 0% | 2% |
White, non-Hispanic | 0% | 24% | 0% | 0% | 3% |
Black or African American, non-Hispanic | 0% | 17% | 0% | 0% | 3% |
All other races, non-Hispanic | 0% | 19% | 0% | 0% | 3% |
Country of birth | |||||
United States | 0% | 23% | 0% | 0% | 3% |
Other countries | 0% | 15% | 0% | 0% | 3% |
Age | |||||
60–69 | 0% | 1% | 0% | 0% | 0% |
70–79 | 0% | 4% | 0% | 0% | 0% |
80–89 | 0% | 76% | 0% | 2% | 5% |
90 or older | 0% | 100% | 3% | 4% | 7% |
Marital status | |||||
Married | 0% | 18% | 0% | 0% | 3% |
Divorced | 0% | 19% | 0% | 0% | 3% |
Widowed | 0% | 42% | 0% | 0% | 4% |
Never married | 0% | 10% | 0% | 0% | 1% |
Highest education level | |||||
Graduate | 0% | 27% | 0% | 0% | 3% |
Bachelor | 0% | 21% | 0% | 0% | 3% |
Associate | 0% | 20% | 0% | 0% | 3% |
High school | 0% | 23% | 0% | 0% | 3% |
Less than high school | 0% | 19% | 0% | 0% | 4% |
Current-law poverty status | |||||
Above poverty | 0% | 22% | 0% | 0% | 3% |
In poverty | 0% | 13% | 0% | 0% | 3% |
Current-law household income quintile | |||||
Highest | 0% | 26% | 0% | 0% | 3% |
Second highest | 0% | 21% | 0% | 0% | 3% |
Middle | 0% | 21% | 0% | 0% | 3% |
Second lowest | 0% | 22% | 0% | 0% | 3% |
Lowest | 0% | 20% | 0% | 0% | 4% |
Current-law benefit type | |||||
Retired worker only | 0% | 18% | 0% | 0% | 3% |
Widow(er) (includes dually entitled) | 0% | 42% | 0% | 0% | 4% |
Spousal (includes dually entitled) | 0% | 26% | 0% | 0% | 3% |
Disabled worker only | 0% | 0% | 0% | 0% | 0% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: ELDBEN OACT1001v1 02/20/2024 | |||||
NOTES: Start date = 2025.
%ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with a— |
Percent change in Social Security benefits at the— |
|||
---|---|---|---|---|---|
Benefit decrease | Benefit increase |
10th %ile | Median | 90th %ile | |
Total | 0% | 32% | 0% | 0% | 4% |
Sex | |||||
Female | 0% | 36% | 0% | 0% | 4% |
Male | 0% | 27% | 0% | 0% | 3% |
Race and ethnicity | |||||
Hispanic or Latino, any race | 0% | 22% | 0% | 0% | 4% |
White, non-Hispanic | 0% | 36% | 0% | 0% | 4% |
Black or African American, non-Hispanic | 0% | 26% | 0% | 0% | 4% |
All other races, non-Hispanic | 0% | 31% | 0% | 0% | 4% |
Country of birth | |||||
United States | 0% | 33% | 0% | 0% | 4% |
Other countries | 0% | 28% | 0% | 0% | 5% |
Age | |||||
60–69 | 0% | 0% | 0% | 0% | 0% |
70–79 | 0% | 4% | 0% | 0% | 0% |
80–89 | 0% | 81% | 0% | 3% | 6% |
90 or older | 0% | 99% | 2% | 3% | 6% |
Marital status | |||||
Married | 0% | 25% | 0% | 0% | 3% |
Divorced | 0% | 30% | 0% | 0% | 4% |
Widowed | 0% | 60% | 0% | 2% | 5% |
Never married | 0% | 18% | 0% | 0% | 3% |
Highest education level | |||||
Graduate | 0% | 33% | 0% | 0% | 3% |
Bachelor | 0% | 36% | 0% | 0% | 4% |
Associate | 0% | 30% | 0% | 0% | 4% |
High school | 0% | 32% | 0% | 0% | 5% |
Less than high school | 0% | 20% | 0% | 0% | 5% |
Current-law poverty status | |||||
Above poverty | 0% | 32% | 0% | 0% | 4% |
In poverty | 0% | 25% | 0% | 0% | 9% |
Current-law household income quintile | |||||
Highest | 0% | 33% | 0% | 0% | 3% |
Second highest | 0% | 29% | 0% | 0% | 3% |
Middle | 0% | 32% | 0% | 0% | 4% |
Second lowest | 0% | 33% | 0% | 0% | 4% |
Lowest | 0% | 31% | 0% | 0% | 6% |
Current-law benefit type | |||||
Retired worker only | 0% | 29% | 0% | 0% | 4% |
Widow(er) (includes dually entitled) | 0% | 57% | 0% | 2% | 5% |
Spousal (includes dually entitled) | 1% | 27% | 0% | 0% | 3% |
Disabled worker only | 0% | 0% | 0% | 0% | 0% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: ELDBEN OACT1001v1 02/20/2024 | |||||
NOTES: Start date = 2025.
%ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with a— |
Percent change in Social Security benefits at the— |
|||
---|---|---|---|---|---|
Benefit decrease | Benefit increase |
10th %ile | Median | 90th %ile | |
Total | 0% | 30% | 0% | 0% | 4% |
Sex | |||||
Female | 0% | 33% | 0% | 0% | 5% |
Male | 0% | 27% | 0% | 0% | 3% |
Race and ethnicity | |||||
Hispanic or Latino, any race | 0% | 23% | 0% | 0% | 4% |
White, non-Hispanic | 0% | 34% | 0% | 0% | 4% |
Black or African American, non-Hispanic | 0% | 27% | 0% | 0% | 4% |
All other races, non-Hispanic | 0% | 30% | 0% | 0% | 4% |
Country of birth | |||||
United States | 0% | 30% | 0% | 0% | 4% |
Other countries | 0% | 30% | 0% | 0% | 5% |
Age | |||||
60–69 | 0% | 0% | 0% | 0% | 0% |
70–79 | 0% | 3% | 0% | 0% | 0% |
80–89 | 0% | 78% | 0% | 2% | 6% |
90 or older | 0% | 99% | 2% | 3% | 7% |
Marital status | |||||
Married | 0% | 24% | 0% | 0% | 3% |
Divorced | 0% | 28% | 0% | 0% | 4% |
Widowed | 0% | 61% | 0% | 2% | 6% |
Never married | 0% | 21% | 0% | 0% | 4% |
Highest education level | |||||
Graduate | 0% | 31% | 0% | 0% | 3% |
Bachelor | 0% | 38% | 0% | 0% | 4% |
Associate | 0% | 30% | 0% | 0% | 4% |
High school | 0% | 27% | 0% | 0% | 5% |
Less than high school | 0% | 22% | 0% | 0% | 5% |
Current-law poverty status | |||||
Above poverty | 0% | 30% | 0% | 0% | 4% |
In poverty | 0% | 26% | 0% | 0% | 11% |
Current-law household income quintile | |||||
Highest | 0% | 28% | 0% | 0% | 3% |
Second highest | 0% | 28% | 0% | 0% | 3% |
Middle | 0% | 30% | 0% | 0% | 4% |
Second lowest | 0% | 33% | 0% | 0% | 5% |
Lowest | 0% | 32% | 0% | 0% | 7% |
Current-law benefit type | |||||
Retired worker only | 0% | 28% | 0% | 0% | 4% |
Widow(er) (includes dually entitled) | 0% | 53% | 0% | 1% | 5% |
Spousal (includes dually entitled) | 1% | 22% | 0% | 0% | 3% |
Disabled worker only | 0% | 0% | 0% | 0% | 0% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: ELDBEN OACT1001v1 02/20/2024 | |||||
NOTES: Start date = 2025.
%ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with a— |
Percent change in Social Security taxes paid at the— | Change in taxes paid (in 2024$) at the— |
|||||
---|---|---|---|---|---|---|---|---|
Tax decrease | Tax increase | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | |
Total | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Sex | ||||||||
Female | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Male | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Race and ethnicity | ||||||||
Hispanic or Latino, any race | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
White, non-Hispanic | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Black or African American, non-Hispanic | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
All other races, non-Hispanic | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Country of birth | ||||||||
United States | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Other countries | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Age | ||||||||
31–39 | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
40–49 | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
50–59 | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
60–69 | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
70 or older | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Marital status | ||||||||
Married | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Divorced | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Widowed | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Never married | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Highest education level | ||||||||
Graduate | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Bachelor | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Associate | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
High school | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Less than high school | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Current-law household income quintile | ||||||||
Highest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Second highest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Middle | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Second lowest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Lowest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Current-law payroll taxes quintile | ||||||||
Highest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Second highest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Middle | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Second lowest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Lowest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: ELDBEN OACT1001v1 02/20/2024 | ||||||||
NOTES: Start date = 2025.
%ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with a— |
Percent change in Social Security taxes paid at the— | Change in taxes paid (in 2024$) at the— |
|||||
---|---|---|---|---|---|---|---|---|
Tax decrease | Tax increase | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | |
Total | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Sex | ||||||||
Female | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Male | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Race and ethnicity | ||||||||
Hispanic or Latino, any race | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
White, non-Hispanic | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Black or African American, non-Hispanic | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
All other races, non-Hispanic | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Country of birth | ||||||||
United States | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Other countries | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Age | ||||||||
31–39 | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
40–49 | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
50–59 | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
60–69 | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
70 or older | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Marital status | ||||||||
Married | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Divorced | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Widowed | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Never married | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Highest education level | ||||||||
Graduate | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Bachelor | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Associate | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
High school | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Less than high school | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Current-law household income quintile | ||||||||
Highest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Second highest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Middle | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Second lowest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Lowest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Current-law payroll taxes quintile | ||||||||
Highest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Second highest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Middle | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Second lowest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Lowest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: ELDBEN OACT1001v1 02/20/2024 | ||||||||
NOTES: Start date = 2025.
%ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with a— |
Percent change in Social Security taxes paid at the— | Change in taxes paid (in 2024$) at the— |
|||||
---|---|---|---|---|---|---|---|---|
Tax decrease | Tax increase | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | |
Total | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Sex | ||||||||
Female | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Male | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Race and ethnicity | ||||||||
Hispanic or Latino, any race | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
White, non-Hispanic | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Black or African American, non-Hispanic | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
All other races, non-Hispanic | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Country of birth | ||||||||
United States | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Other countries | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Age | ||||||||
31–39 | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
40–49 | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
50–59 | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
60–69 | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
70 or older | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Marital status | ||||||||
Married | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Divorced | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Widowed | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Never married | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Highest education level | ||||||||
Graduate | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Bachelor | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Associate | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
High school | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Less than high school | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Current-law household income quintile | ||||||||
Highest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Second highest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Middle | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Second lowest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Lowest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Current-law payroll taxes quintile | ||||||||
Highest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Second highest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Middle | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Second lowest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
Lowest | 0% | 0% | 0% | 0% | 0% | $0 | $0 | $0 |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: ELDBEN OACT1001v1 02/20/2024 | ||||||||
NOTES: Start date = 2025.
%ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with an— |
Percent change in household income at the— |
|||
---|---|---|---|---|---|
Income decrease | Income increase | 10th %ile | Median | 90th %ile | |
Total | 0% | 12% | 0% | 0% | 1% |
Sex | |||||
Female | 0% | 15% | 0% | 0% | 1% |
Male | 0% | 8% | 0% | 0% | 0% |
Race and ethnicity | |||||
Hispanic or Latino, any race | 0% | 8% | 0% | 0% | 0% |
White, non-Hispanic | 0% | 12% | 0% | 0% | 1% |
Black or African American, non-Hispanic | 0% | 11% | 0% | 0% | 1% |
All other races, non-Hispanic | 0% | 10% | 0% | 0% | 1% |
Country of birth | |||||
United States | 0% | 12% | 0% | 0% | 1% |
Other countries | 0% | 9% | 0% | 0% | 0% |
Age | |||||
60–69 | 0% | 1% | 0% | 0% | 0% |
70–79 | 0% | 3% | 0% | 0% | 0% |
80–89 | 0% | 37% | 0% | 0% | 2% |
90 or older | 0% | 58% | 0% | 1% | 3% |
Marital status | |||||
Married | 0% | 8% | 0% | 0% | 0% |
Divorced | 0% | 11% | 0% | 0% | 1% |
Widowed | 0% | 25% | 0% | 0% | 2% |
Never married | 0% | 5% | 0% | 0% | 0% |
Highest education level | |||||
Graduate | 0% | 8% | 0% | 0% | 0% |
Bachelor | 0% | 9% | 0% | 0% | 0% |
Associate | 0% | 10% | 0% | 0% | 1% |
High school | 0% | 15% | 0% | 0% | 1% |
Less than high school | 0% | 14% | 0% | 0% | 1% |
Current-law poverty status | |||||
Above poverty | 0% | 12% | 0% | 0% | 1% |
In poverty | 0% | 11% | 0% | 0% | 1% |
Current-law household income quintile | |||||
Highest | 0% | 0% | 0% | 0% | 0% |
Second highest | 0% | 4% | 0% | 0% | 0% |
Middle | 0% | 14% | 0% | 0% | 1% |
Second lowest | 0% | 21% | 0% | 0% | 2% |
Lowest | 0% | 19% | 0% | 0% | 3% |
Current-law benefit type | |||||
Retired worker only | 0% | 9% | 0% | 0% | 0% |
Widow(er) (includes dually entitled) | 0% | 28% | 0% | 0% | 2% |
Spousal (includes dually entitled) | 0% | 11% | 0% | 0% | 1% |
Disabled worker only | 0% | 0% | 0% | 0% | 0% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: ELDBEN OACT1001v1 02/20/2024 | |||||
NOTES: Start date = 2025.
%ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with an— |
Percent change in household income at the— |
|||
---|---|---|---|---|---|
Income decrease | Income increase | 10th %ile | Median | 90th %ile | |
Total | 0% | 20% | 0% | 0% | 2% |
Sex | |||||
Female | 0% | 24% | 0% | 0% | 2% |
Male | 0% | 15% | 0% | 0% | 1% |
Race and ethnicity | |||||
Hispanic or Latino, any race | 0% | 17% | 0% | 0% | 2% |
White, non-Hispanic | 0% | 21% | 0% | 0% | 2% |
Black or African American, non-Hispanic | 0% | 20% | 0% | 0% | 2% |
All other races, non-Hispanic | 0% | 18% | 0% | 0% | 2% |
Country of birth | |||||
United States | 0% | 20% | 0% | 0% | 2% |
Other countries | 0% | 20% | 0% | 0% | 2% |
Age | |||||
60–69 | 0% | 0% | 0% | 0% | 0% |
70–79 | 0% | 4% | 0% | 0% | 0% |
80–89 | 0% | 51% | 0% | 1% | 3% |
90 or older | 0% | 57% | 0% | 1% | 3% |
Marital status | |||||
Married | 0% | 16% | 0% | 0% | 1% |
Divorced | 0% | 20% | 0% | 0% | 2% |
Widowed | 0% | 38% | 0% | 0% | 3% |
Never married | 0% | 12% | 0% | 0% | 1% |
Highest education level | |||||
Graduate | 0% | 13% | 0% | 0% | 1% |
Bachelor | 0% | 18% | 0% | 0% | 1% |
Associate | 0% | 20% | 0% | 0% | 2% |
High school | 0% | 25% | 0% | 0% | 2% |
Less than high school | 0% | 17% | 0% | 0% | 2% |
Current-law poverty status | |||||
Above poverty | 0% | 20% | 0% | 0% | 2% |
In poverty | 0% | 23% | 0% | 0% | 7% |
Current-law household income quintile | |||||
Highest | 0% | 1% | 0% | 0% | 0% |
Second highest | 0% | 10% | 0% | 0% | 1% |
Middle | 0% | 27% | 0% | 0% | 1% |
Second lowest | 0% | 33% | 0% | 0% | 2% |
Lowest | 0% | 30% | 0% | 0% | 5% |
Current-law benefit type | |||||
Retired worker only | 0% | 18% | 0% | 0% | 1% |
Widow(er) (includes dually entitled) | 0% | 39% | 0% | 0% | 3% |
Spousal (includes dually entitled) | 0% | 16% | 0% | 0% | 1% |
Disabled worker only | 0% | 0% | 0% | 0% | 0% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: ELDBEN OACT1001v1 02/20/2024 | |||||
NOTES: Start date = 2025.
%ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with an— |
Percent change in household income at the— |
|||
---|---|---|---|---|---|
Income decrease | Income increase | 10th %ile | Median | 90th %ile | |
Total | 0% | 21% | 0% | 0% | 2% |
Sex | |||||
Female | 0% | 25% | 0% | 0% | 3% |
Male | 0% | 16% | 0% | 0% | 1% |
Race and ethnicity | |||||
Hispanic or Latino, any race | 0% | 19% | 0% | 0% | 2% |
White, non-Hispanic | 0% | 22% | 0% | 0% | 2% |
Black or African American, non-Hispanic | 0% | 20% | 0% | 0% | 2% |
All other races, non-Hispanic | 0% | 17% | 0% | 0% | 2% |
Country of birth | |||||
United States | 0% | 21% | 0% | 0% | 2% |
Other countries | 0% | 21% | 0% | 0% | 3% |
Age | |||||
60–69 | 0% | 0% | 0% | 0% | 0% |
70–79 | 0% | 4% | 0% | 0% | 0% |
80–89 | 0% | 52% | 0% | 1% | 4% |
90 or older | 0% | 67% | 0% | 1% | 5% |
Marital status | |||||
Married | 0% | 16% | 0% | 0% | 1% |
Divorced | 0% | 19% | 0% | 0% | 2% |
Widowed | 0% | 43% | 0% | 0% | 4% |
Never married | 0% | 14% | 0% | 0% | 1% |
Highest education level | |||||
Graduate | 0% | 16% | 0% | 0% | 1% |
Bachelor | 0% | 22% | 0% | 0% | 2% |
Associate | 0% | 23% | 0% | 0% | 2% |
High school | 0% | 22% | 0% | 0% | 3% |
Less than high school | 0% | 19% | 0% | 0% | 3% |
Current-law poverty status | |||||
Above poverty | 0% | 21% | 0% | 0% | 2% |
In poverty | 0% | 24% | 0% | 0% | 9% |
Current-law household income quintile | |||||
Highest | 0% | 1% | 0% | 0% | 0% |
Second highest | 0% | 13% | 0% | 0% | 1% |
Middle | 0% | 27% | 0% | 0% | 1% |
Second lowest | 0% | 32% | 0% | 0% | 3% |
Lowest | 0% | 31% | 0% | 0% | 5% |
Current-law benefit type | |||||
Retired worker only | 0% | 19% | 0% | 0% | 2% |
Widow(er) (includes dually entitled) | 0% | 40% | 0% | 0% | 4% |
Spousal (includes dually entitled) | 0% | 17% | 0% | 0% | 1% |
Disabled worker only | 0% | 0% | 0% | 0% | 0% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: ELDBEN OACT1001v1 02/20/2024 | |||||
NOTES: Start date = 2025.
%ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Official poverty rate | Number of population in poverty (in thousands) |
Percent change in the number in poverty | |||
---|---|---|---|---|---|---|
Under current law | With proposal | Under current law | With proposal | Change | ||
Total | 5% | 5% | 3,465 | 3,404 | -60 | -1% |
Sex | ||||||
Female | 5% | 5% | 1,958 | 1,919 | -39 | -2% |
Male | 5% | 5% | 1,507 | 1,486 | -21 | -1% |
Race and ethnicity | ||||||
Hispanic or Latino, any race | 8% | 8% | 672 | 663 | -8 | -1% |
White, non-Hispanic | 4% | 4% | 1,943 | 1,901 | -42 | -2% |
Black or African American, non-Hispanic | 8% | 8% | 577 | 571 | -5 | -1% |
All other races, non-Hispanic | 7% | 7% | 273 | 269 | -3 | -1% |
Country of birth | ||||||
United States | 4% | 4% | 2,486 | 2,443 | -42 | -1% |
Other countries | 9% | 9% | 979 | 961 | -18 | -1% |
Age | ||||||
60–69 | 7% | 7% | 1,655 | 1,653 | -2 | 0% |
70–79 | 4% | 4% | 1,346 | 1,341 | -4 | 0% |
80–89 | 3% | 2% | 417 | 373 | -44 | -10% |
90 or older | 2% | 1% | 46 | 38 | -8 | -18% |
Marital status | ||||||
Married | 2% | 2% | 646 | 635 | -10 | -1% |
Divorced | 9% | 9% | 1,175 | 1,165 | -9 | 0% |
Widowed | 6% | 6% | 813 | 779 | -34 | -4% |
Never married | 16% | 16% | 832 | 825 | -6 | 0% |
Highest education level | ||||||
Graduate | 1% | 1% | 91 | 86 | -4 | -4% |
Bachelor | 2% | 2% | 322 | 314 | -8 | -2% |
Associate | 4% | 4% | 694 | 688 | -6 | 0% |
High school | 6% | 6% | 1,593 | 1,562 | -30 | -1% |
Less than high school | 13% | 13% | 765 | 754 | -10 | -1% |
Current-law poverty status | ||||||
Above poverty | 0% | 0% | 0 | 0 | 0 | . . . |
In poverty | 100% | 98% | 3,465 | 3,404 | -60 | -1% |
Current-law benefit type | ||||||
Retired worker only | 5% | 5% | 2,355 | 2,326 | -29 | -1% |
Widow(er) (includes dually entitled) | 6% | 5% | 664 | 641 | -22 | -3% |
Spousal (includes dually entitled) | 3% | 3% | 189 | 181 | -8 | -4% |
Disabled worker only | 9% | 9% | 257 | 257 | 0 | 0% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: ELDBEN OACT1001v1 02/20/2024 | ||||||
NOTES: Start date = 2025.
. . . = not applicable.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Official poverty rate | Number of population in poverty (in thousands) |
Percent change in the number in poverty | |||
---|---|---|---|---|---|---|
Under current law | With proposal | Under current law | With proposal | Change | ||
Total | 5% | 4% | 3,782 | 3,604 | -177 | -4% |
Sex | ||||||
Female | 5% | 4% | 2,099 | 1,974 | -124 | -5% |
Male | 4% | 4% | 1,683 | 1,630 | -52 | -3% |
Race and ethnicity | ||||||
Hispanic or Latino, any race | 7% | 7% | 1,058 | 1,022 | -36 | -3% |
White, non-Hispanic | 3% | 3% | 1,741 | 1,649 | -92 | -5% |
Black or African American, non-Hispanic | 7% | 7% | 657 | 621 | -35 | -5% |
All other races, non-Hispanic | 5% | 5% | 326 | 312 | -13 | -4% |
Country of birth | ||||||
United States | 4% | 4% | 2,511 | 2,394 | -116 | -4% |
Other countries | 7% | 7% | 1,271 | 1,210 | -60 | -4% |
Age | ||||||
60–69 | 6% | 6% | 1,402 | 1,402 | 0 | 0% |
70–79 | 4% | 4% | 1,337 | 1,322 | -14 | -1% |
80–89 | 4% | 4% | 873 | 756 | -116 | -13% |
90 or older | 2% | 2% | 170 | 124 | -45 | -26% |
Marital status | ||||||
Married | 2% | 2% | 711 | 694 | -17 | -2% |
Divorced | 7% | 6% | 1,070 | 993 | -76 | -7% |
Widowed | 5% | 5% | 817 | 769 | -47 | -5% |
Never married | 12% | 12% | 1,183 | 1,148 | -35 | -3% |
Highest education level | ||||||
Graduate | 1% | 1% | 169 | 163 | -6 | -3% |
Bachelor | 2% | 2% | 344 | 327 | -16 | -4% |
Associate | 3% | 3% | 630 | 602 | -27 | -4% |
High school | 6% | 6% | 1,694 | 1,608 | -85 | -5% |
Less than high school | 12% | 12% | 944 | 903 | -40 | -4% |
Current-law poverty status | ||||||
Above poverty | 0% | 0% | 0 | 0 | 0 | . . . |
In poverty | 100% | 95% | 3,782 | 3,604 | -177 | -4% |
Current-law benefit type | ||||||
Retired worker only | 5% | 4% | 2,839 | 2,707 | -132 | -4% |
Widow(er) (includes dually entitled) | 4% | 4% | 508 | 471 | -37 | -7% |
Spousal (includes dually entitled) | 3% | 3% | 218 | 210 | -8 | -3% |
Disabled worker only | 7% | 7% | 216 | 216 | 0 | 0% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: ELDBEN OACT1001v1 02/20/2024 | ||||||
NOTES: Start date = 2025.
. . . = not applicable.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Official poverty rate | Number of population in poverty (in thousands) |
Percent change in the number in poverty | |||
---|---|---|---|---|---|---|
Under current law | With proposal | Under current law | With proposal | Change | ||
Total | 3% | 3% | 2,822 | 2,658 | -164 | -5% |
Sex | ||||||
Female | 3% | 3% | 1,527 | 1,427 | -99 | -6% |
Male | 3% | 3% | 1,296 | 1,231 | -64 | -4% |
Race and ethnicity | ||||||
Hispanic or Latino, any race | 4% | 4% | 963 | 911 | -52 | -5% |
White, non-Hispanic | 2% | 2% | 1,125 | 1,048 | -76 | -6% |
Black or African American, non-Hispanic | 5% | 4% | 426 | 405 | -20 | -4% |
All other races, non-Hispanic | 3% | 3% | 309 | 293 | -15 | -4% |
Country of birth | ||||||
United States | 2% | 2% | 1,770 | 1,664 | -105 | -5% |
Other countries | 5% | 5% | 1,052 | 994 | -58 | -5% |
Age | ||||||
60–69 | 4% | 4% | 945 | 942 | -3 | 0% |
70–79 | 3% | 3% | 1,057 | 1,050 | -7 | 0% |
80–89 | 3% | 2% | 628 | 511 | -117 | -18% |
90 or older | 2% | 2% | 192 | 155 | -36 | -19% |
Marital status | ||||||
Married | 1% | 1% | 470 | 449 | -20 | -4% |
Divorced | 4% | 4% | 687 | 654 | -32 | -4% |
Widowed | 3% | 3% | 486 | 428 | -58 | -12% |
Never married | 7% | 7% | 1,179 | 1,127 | -52 | -4% |
Highest education level | ||||||
Graduate | 1% | 1% | 156 | 140 | -16 | -10% |
Bachelor | 1% | 1% | 216 | 204 | -11 | -5% |
Associate | 2% | 2% | 460 | 428 | -31 | -6% |
High school | 4% | 4% | 1,229 | 1,155 | -74 | -6% |
Less than high school | 8% | 8% | 761 | 731 | -30 | -3% |
Current-law poverty status | ||||||
Above poverty | 0% | 0% | 0 | 0 | 0 | . . . |
In poverty | 100% | 94% | 2,822 | 2,658 | -164 | -5% |
Current-law benefit type | ||||||
Retired worker only | 3% | 3% | 2,197 | 2,070 | -127 | -5% |
Widow(er) (includes dually entitled) | 3% | 2% | 314 | 279 | -34 | -11% |
Spousal (includes dually entitled) | 2% | 2% | 156 | 154 | -2 | -1% |
Disabled worker only | 4% | 4% | 156 | 156 | 0 | 0% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: ELDBEN OACT1001v1 02/20/2024 | ||||||
NOTES: Start date = 2025.
. . . = not applicable.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with a— |
Percent change in benefit/tax ratio at the— | Benefit/tax ratio under current law at the— | Benefit/tax ratio with proposal at the— |
|||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Ratio decrease | Ratio increase | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | |
Total | 0% | 37% | 0% | 0% | 2% | 6% | 145% | 450% | 6% | 146% | 456% |
Sex | |||||||||||
Female | 0% | 47% | 0% | 1% | 2% | 26% | 182% | 644% | 26% | 185% | 653% |
Male | 0% | 27% | 0% | 0% | 1% | 0% | 119% | 266% | 0% | 120% | 269% |
Race and ethnicity | |||||||||||
Hispanic or Latino, any race | 0% | 35% | 0% | 0% | 2% | 0% | 162% | 569% | 0% | 163% | 577% |
White, non-Hispanic | 0% | 39% | 0% | 0% | 2% | 15% | 140% | 406% | 15% | 142% | 412% |
Black or African American, non-Hispanic | 0% | 30% | 0% | 0% | 2% | 0% | 149% | 473% | 0% | 151% | 473% |
All other races, non-Hispanic | 0% | 37% | 0% | 0% | 2% | 0% | 146% | 508% | 0% | 146% | 518% |
Country of birth | |||||||||||
United States | 0% | 37% | 0% | 0% | 2% | 12% | 141% | 416% | 12% | 142% | 420% |
Other countries | 0% | 38% | 0% | 0% | 2% | 0% | 164% | 599% | 0% | 166% | 612% |
Highest education level | |||||||||||
Graduate | 0% | 44% | 0% | 0% | 1% | 23% | 125% | 264% | 23% | 126% | 267% |
Bachelor | 0% | 43% | 0% | 0% | 2% | 22% | 137% | 362% | 22% | 138% | 370% |
Associate | 0% | 37% | 0% | 0% | 2% | 12% | 146% | 393% | 12% | 148% | 397% |
High school | 0% | 35% | 0% | 0% | 2% | 0% | 153% | 519% | 0% | 155% | 527% |
Less than high school | 0% | 25% | 0% | 0% | 2% | 0% | 161% | 803% | 0% | 162% | 819% |
Current-law initial AIME quintile | |||||||||||
Highest | 0% | 34% | 0% | 0% | 1% | 39% | 108% | 157% | 39% | 109% | 160% |
Second highest | 0% | 41% | 0% | 0% | 1% | 24% | 134% | 201% | 24% | 135% | 205% |
Middle | 0% | 41% | 0% | 0% | 2% | 14% | 160% | 270% | 14% | 162% | 274% |
Second lowest | 0% | 38% | 0% | 0% | 2% | 23% | 228% | 504% | 23% | 230% | 511% |
Lowest | 0% | 30% | 0% | 0% | 3% | 0% | 254% | 1,561% | 0% | 256% | 1,577% |
Lifetime payroll tax quintile | |||||||||||
Highest | 0% | 36% | 0% | 0% | 1% | 47% | 108% | 152% | 47% | 109% | 154% |
Second highest | 0% | 41% | 0% | 0% | 1% | 25% | 136% | 202% | 25% | 137% | 205% |
Middle | 0% | 40% | 0% | 0% | 2% | 15% | 161% | 267% | 15% | 163% | 271% |
Second lowest | 0% | 38% | 0% | 0% | 2% | 18% | 218% | 454% | 18% | 221% | 458% |
Lowest | 0% | 28% | 0% | 0% | 3% | 0% | 308% | 1,585% | 0% | 313% | 1,595% |
Lifetime payroll tax quintile (shared) | |||||||||||
Highest | 0% | 41% | 0% | 0% | 1% | 56% | 115% | 194% | 56% | 116% | 196% |
Second highest | 0% | 42% | 0% | 0% | 1% | 36% | 139% | 269% | 36% | 140% | 273% |
Middle | 0% | 41% | 0% | 0% | 2% | 19% | 160% | 363% | 19% | 161% | 368% |
Second lowest | 0% | 35% | 0% | 0% | 2% | 6% | 185% | 516% | 6% | 187% | 524% |
Lowest | 0% | 25% | 0% | 0% | 3% | 0% | 205% | 1,138% | 0% | 207% | 1,150% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: ELDBEN OACT1001v1 02/20/2024 | |||||||||||
NOTES: Start date = 2025.
AIME = average indexed monthly earnings; %ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with a— |
Percent change in benefit/tax ratio at the— | Benefit/tax ratio under current law at the— | Benefit/tax ratio with proposal at the— |
|||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Ratio decrease | Ratio increase | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | |
Total | 0% | 35% | 0% | 0% | 2% | 0% | 129% | 404% | 0% | 130% | 410% |
Sex | |||||||||||
Female | 0% | 42% | 0% | 0% | 2% | 0% | 156% | 570% | 0% | 158% | 580% |
Male | 0% | 27% | 0% | 0% | 1% | 0% | 110% | 275% | 0% | 111% | 280% |
Race and ethnicity | |||||||||||
Hispanic or Latino, any race | 0% | 31% | 0% | 0% | 2% | 0% | 133% | 447% | 0% | 134% | 459% |
White, non-Hispanic | 0% | 38% | 0% | 0% | 2% | 11% | 130% | 403% | 11% | 132% | 410% |
Black or African American, non-Hispanic | 0% | 27% | 0% | 0% | 1% | 0% | 130% | 355% | 0% | 131% | 365% |
All other races, non-Hispanic | 0% | 35% | 0% | 0% | 2% | 0% | 104% | 383% | 0% | 105% | 391% |
Country of birth | |||||||||||
United States | 0% | 36% | 0% | 0% | 2% | 6% | 130% | 369% | 6% | 131% | 375% |
Other countries | 0% | 31% | 0% | 0% | 2% | 0% | 125% | 602% | 0% | 125% | 611% |
Highest education level | |||||||||||
Graduate | 0% | 41% | 0% | 0% | 1% | 17% | 113% | 278% | 17% | 114% | 284% |
Bachelor | 0% | 41% | 0% | 0% | 2% | 5% | 117% | 311% | 5% | 118% | 319% |
Associate | 0% | 35% | 0% | 0% | 2% | 0% | 133% | 348% | 0% | 135% | 356% |
High school | 0% | 33% | 0% | 0% | 2% | 0% | 143% | 533% | 0% | 144% | 540% |
Less than high school | 0% | 24% | 0% | 0% | 2% | 0% | 133% | 627% | 0% | 134% | 635% |
Current-law initial AIME quintile | |||||||||||
Highest | 0% | 34% | 0% | 0% | 1% | 40% | 96% | 138% | 40% | 97% | 140% |
Second highest | 0% | 42% | 0% | 0% | 1% | 31% | 128% | 192% | 31% | 129% | 195% |
Middle | 0% | 41% | 0% | 0% | 2% | 26% | 157% | 271% | 26% | 159% | 275% |
Second lowest | 0% | 35% | 0% | 0% | 2% | 0% | 220% | 568% | 0% | 222% | 576% |
Lowest | 0% | 23% | 0% | 0% | 3% | 0% | 121% | 2,087% | 0% | 121% | 2,137% |
Lifetime payroll tax quintile | |||||||||||
Highest | 0% | 36% | 0% | 0% | 1% | 42% | 96% | 137% | 42% | 97% | 139% |
Second highest | 0% | 42% | 0% | 0% | 1% | 39% | 129% | 194% | 39% | 131% | 197% |
Middle | 0% | 41% | 0% | 0% | 2% | 24% | 159% | 274% | 24% | 160% | 279% |
Second lowest | 0% | 36% | 0% | 0% | 2% | 0% | 215% | 505% | 0% | 218% | 512% |
Lowest | 0% | 19% | 0% | 0% | 3% | 0% | 95% | 2,194% | 0% | 95% | 2,223% |
Lifetime payroll tax quintile (shared) | |||||||||||
Highest | 0% | 38% | 0% | 0% | 1% | 46% | 99% | 163% | 46% | 100% | 165% |
Second highest | 0% | 43% | 0% | 0% | 1% | 44% | 131% | 267% | 44% | 132% | 270% |
Middle | 0% | 42% | 0% | 0% | 2% | 35% | 158% | 359% | 35% | 160% | 365% |
Second lowest | 0% | 36% | 0% | 0% | 2% | 0% | 188% | 575% | 0% | 190% | 583% |
Lowest | 0% | 16% | 0% | 0% | 4% | 0% | 38% | 1,049% | 0% | 38% | 1,061% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: ELDBEN OACT1001v1 02/20/2024 | |||||||||||
NOTES: Start date = 2025.
AIME = average indexed monthly earnings; %ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with a— |
Percent change in benefit/tax ratio at the— | Benefit/tax ratio under current law at the— | Benefit/tax ratio with proposal at the— |
|||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Ratio decrease | Ratio increase | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | |
Total | 0% | 39% | 0% | 0% | 2% | 0% | 120% | 357% | 0% | 121% | 365% |
Sex | |||||||||||
Female | 0% | 46% | 0% | 1% | 3% | 5% | 145% | 519% | 5% | 147% | 525% |
Male | 0% | 32% | 0% | 0% | 2% | 0% | 103% | 246% | 0% | 103% | 249% |
Race and ethnicity | |||||||||||
Hispanic or Latino, any race | 0% | 36% | 0% | 0% | 2% | 0% | 125% | 401% | 0% | 126% | 412% |
White, non-Hispanic | 0% | 43% | 0% | 0% | 2% | 17% | 120% | 343% | 17% | 122% | 350% |
Black or African American, non-Hispanic | 0% | 30% | 0% | 0% | 2% | 0% | 118% | 333% | 0% | 119% | 336% |
All other races, non-Hispanic | 0% | 41% | 0% | 0% | 2% | 0% | 105% | 349% | 0% | 106% | 360% |
Country of birth | |||||||||||
United States | 0% | 40% | 0% | 0% | 2% | 9% | 120% | 319% | 9% | 121% | 325% |
Other countries | 0% | 36% | 0% | 0% | 3% | 0% | 121% | 565% | 0% | 122% | 581% |
Highest education level | |||||||||||
Graduate | 0% | 48% | 0% | 1% | 2% | 21% | 109% | 259% | 21% | 110% | 268% |
Bachelor | 0% | 46% | 0% | 1% | 2% | 13% | 110% | 278% | 13% | 111% | 283% |
Associate | 0% | 39% | 0% | 0% | 2% | 0% | 124% | 318% | 0% | 125% | 325% |
High school | 0% | 35% | 0% | 0% | 2% | 0% | 129% | 441% | 0% | 131% | 448% |
Less than high school | 0% | 28% | 0% | 0% | 2% | 0% | 125% | 594% | 0% | 126% | 606% |
Current-law initial AIME quintile | |||||||||||
Highest | 0% | 39% | 0% | 0% | 1% | 40% | 88% | 127% | 40% | 89% | 129% |
Second highest | 0% | 48% | 0% | 1% | 2% | 34% | 118% | 177% | 34% | 120% | 180% |
Middle | 0% | 45% | 0% | 0% | 2% | 30% | 144% | 246% | 30% | 146% | 251% |
Second lowest | 0% | 36% | 0% | 0% | 3% | 9% | 196% | 466% | 9% | 199% | 473% |
Lowest | 0% | 26% | 0% | 0% | 4% | 0% | 123% | 1,729% | 0% | 124% | 1,749% |
Lifetime payroll tax quintile | |||||||||||
Highest | 0% | 42% | 0% | 0% | 1% | 43% | 89% | 127% | 43% | 90% | 129% |
Second highest | 0% | 47% | 0% | 0% | 2% | 38% | 119% | 179% | 38% | 120% | 182% |
Middle | 0% | 44% | 0% | 0% | 2% | 27% | 144% | 249% | 27% | 146% | 253% |
Second lowest | 0% | 38% | 0% | 0% | 3% | 13% | 192% | 442% | 13% | 194% | 450% |
Lowest | 0% | 24% | 0% | 0% | 4% | 0% | 125% | 1,771% | 0% | 125% | 1,806% |
Lifetime payroll tax quintile (shared) | |||||||||||
Highest | 0% | 43% | 0% | 0% | 1% | 45% | 91% | 145% | 45% | 92% | 148% |
Second highest | 0% | 48% | 0% | 0% | 2% | 46% | 122% | 227% | 46% | 123% | 231% |
Middle | 0% | 46% | 0% | 0% | 2% | 31% | 140% | 302% | 31% | 141% | 308% |
Second lowest | 0% | 37% | 0% | 0% | 3% | 11% | 172% | 532% | 11% | 175% | 535% |
Lowest | 0% | 20% | 0% | 0% | 4% | 0% | 80% | 996% | 0% | 80% | 1,008% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: ELDBEN OACT1001v1 02/20/2024 | |||||||||||
NOTES: Start date = 2025.
AIME = average indexed monthly earnings; %ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with a— |
Percent change in benefit/tax ratio at the— | Benefit/tax ratio under current law at the— | Benefit/tax ratio with proposal at the— |
|||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Ratio decrease | Ratio increase | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | |
Total | 0% | 43% | 0% | 0% | 2% | 0% | 125% | 366% | 0% | 126% | 375% |
Sex | |||||||||||
Female | 0% | 50% | 0% | 1% | 3% | 1% | 149% | 531% | 1% | 151% | 542% |
Male | 0% | 36% | 0% | 0% | 2% | 0% | 107% | 252% | 0% | 108% | 257% |
Race and ethnicity | |||||||||||
Hispanic or Latino, any race | 0% | 39% | 0% | 0% | 2% | 0% | 129% | 400% | 0% | 131% | 408% |
White, non-Hispanic | 0% | 47% | 0% | 1% | 2% | 21% | 126% | 363% | 21% | 127% | 369% |
Black or African American, non-Hispanic | 0% | 32% | 0% | 0% | 2% | 0% | 121% | 306% | 0% | 122% | 309% |
All other races, non-Hispanic | 0% | 48% | 0% | 1% | 2% | 0% | 113% | 335% | 0% | 114% | 348% |
Country of birth | |||||||||||
United States | 0% | 44% | 0% | 0% | 2% | 11% | 125% | 324% | 11% | 127% | 330% |
Other countries | 0% | 38% | 0% | 0% | 3% | 0% | 123% | 516% | 0% | 124% | 527% |
Highest education level | |||||||||||
Graduate | 0% | 50% | 0% | 1% | 2% | 30% | 116% | 286% | 30% | 117% | 293% |
Bachelor | 0% | 51% | 0% | 1% | 2% | 9% | 115% | 300% | 9% | 116% | 304% |
Associate | 0% | 44% | 0% | 0% | 2% | 0% | 129% | 325% | 0% | 131% | 332% |
High school | 0% | 39% | 0% | 0% | 2% | 0% | 133% | 439% | 0% | 134% | 445% |
Less than high school | 0% | 30% | 0% | 0% | 2% | 0% | 129% | 578% | 0% | 130% | 587% |
Current-law initial AIME quintile | |||||||||||
Highest | 0% | 45% | 0% | 0% | 1% | 45% | 95% | 133% | 45% | 96% | 135% |
Second highest | 0% | 53% | 0% | 1% | 1% | 43% | 124% | 181% | 43% | 125% | 184% |
Middle | 0% | 48% | 0% | 1% | 2% | 23% | 149% | 251% | 23% | 151% | 255% |
Second lowest | 0% | 40% | 0% | 0% | 3% | 0% | 208% | 500% | 0% | 211% | 509% |
Lowest | 0% | 27% | 0% | 0% | 4% | 0% | 123% | 1,555% | 0% | 124% | 1,574% |
Lifetime payroll tax quintile | |||||||||||
Highest | 0% | 45% | 0% | 0% | 1% | 46% | 95% | 133% | 46% | 96% | 135% |
Second highest | 0% | 52% | 0% | 1% | 1% | 44% | 123% | 182% | 44% | 125% | 186% |
Middle | 0% | 49% | 0% | 1% | 2% | 30% | 149% | 254% | 30% | 151% | 258% |
Second lowest | 0% | 41% | 0% | 0% | 3% | 2% | 202% | 466% | 2% | 206% | 474% |
Lowest | 0% | 25% | 0% | 0% | 4% | 0% | 124% | 1,589% | 0% | 125% | 1,614% |
Lifetime payroll tax quintile (shared) | |||||||||||
Highest | 0% | 48% | 0% | 0% | 1% | 50% | 98% | 152% | 50% | 99% | 155% |
Second highest | 0% | 52% | 0% | 1% | 2% | 46% | 125% | 235% | 46% | 126% | 238% |
Middle | 0% | 50% | 0% | 1% | 2% | 36% | 146% | 316% | 36% | 148% | 321% |
Second lowest | 0% | 42% | 0% | 0% | 3% | 8% | 183% | 543% | 8% | 186% | 551% |
Lowest | 0% | 21% | 0% | 0% | 4% | 0% | 73% | 797% | 0% | 73% | 807% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: ELDBEN OACT1001v1 02/20/2024 | |||||||||||
NOTES: Start date = 2025.
AIME = average indexed monthly earnings; %ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with a— |
Percent change in initial replacement rate at the— | Initial replacement rate under current law at the— | Initial replacement rate with proposal at the— |
|||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Rate decrease | Rate increase | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | |
Total | 0% | 0% | 0% | 0% | 0% | 24% | 46% | 80% | 24% | 46% | 80% |
Sex | |||||||||||
Female | 0% | 0% | 0% | 0% | 0% | 28% | 52% | 90% | 28% | 52% | 90% |
Male | 0% | 0% | 0% | 0% | 0% | 22% | 42% | 66% | 22% | 42% | 66% |
Race and ethnicity | |||||||||||
Hispanic or Latino, any race | 0% | 0% | 0% | 0% | 0% | 27% | 51% | 86% | 27% | 51% | 86% |
White, non-Hispanic | 0% | 0% | 0% | 0% | 0% | 23% | 44% | 76% | 23% | 44% | 76% |
Black or African American, non-Hispanic | 0% | 0% | 0% | 0% | 0% | 27% | 50% | 86% | 27% | 50% | 86% |
All other races, non-Hispanic | 0% | 0% | 0% | 0% | 0% | 26% | 48% | 90% | 26% | 48% | 90% |
Country of birth | |||||||||||
United States | 0% | 0% | 0% | 0% | 0% | 23% | 44% | 76% | 23% | 44% | 76% |
Other countries | 0% | 0% | 0% | 0% | 0% | 29% | 53% | 90% | 29% | 53% | 90% |
Highest education level | |||||||||||
Graduate | 0% | 0% | 0% | 0% | 0% | 21% | 42% | 72% | 21% | 42% | 72% |
Bachelor | 0% | 0% | 0% | 0% | 0% | 22% | 42% | 76% | 22% | 42% | 76% |
Associate | 0% | 0% | 0% | 0% | 0% | 24% | 45% | 76% | 24% | 45% | 76% |
High school | 0% | 0% | 0% | 0% | 0% | 26% | 48% | 83% | 26% | 48% | 83% |
Less than high school | 0% | 0% | 0% | 0% | 0% | 32% | 57% | 90% | 32% | 57% | 90% |
Current-law initial AIME quintile | |||||||||||
Highest | 0% | 0% | 0% | 0% | 0% | 16% | 31% | 47% | 16% | 31% | 47% |
Second highest | 0% | 0% | 0% | 0% | 0% | 23% | 38% | 56% | 23% | 38% | 56% |
Middle | 0% | 0% | 0% | 0% | 0% | 28% | 44% | 64% | 28% | 44% | 64% |
Second lowest | 0% | 0% | 0% | 0% | 0% | 38% | 51% | 79% | 38% | 51% | 79% |
Lowest | 0% | 0% | 0% | 0% | 0% | 53% | 70% | 120% | 53% | 70% | 120% |
Lifetime payroll tax quintile | |||||||||||
Highest | 0% | 0% | 0% | 0% | 0% | 15% | 34% | 50% | 15% | 34% | 50% |
Second highest | 0% | 0% | 0% | 0% | 0% | 22% | 37% | 57% | 22% | 37% | 57% |
Middle | 0% | 0% | 0% | 0% | 0% | 30% | 43% | 66% | 30% | 43% | 66% |
Second lowest | 0% | 0% | 0% | 0% | 0% | 37% | 51% | 81% | 37% | 51% | 81% |
Lowest | 0% | 0% | 0% | 0% | 0% | 51% | 68% | 112% | 51% | 68% | 112% |
Lifetime payroll tax quintile (shared) | |||||||||||
Highest | 0% | 0% | 0% | 0% | 0% | 17% | 36% | 54% | 17% | 36% | 54% |
Second highest | 0% | 0% | 0% | 0% | 0% | 21% | 38% | 63% | 21% | 38% | 63% |
Middle | 0% | 0% | 0% | 0% | 0% | 27% | 43% | 70% | 27% | 43% | 70% |
Second lowest | 0% | 0% | 0% | 0% | 0% | 33% | 50% | 86% | 33% | 50% | 86% |
Lowest | 0% | 0% | 0% | 0% | 0% | 45% | 63% | 90% | 45% | 63% | 90% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: ELDBEN OACT1001v1 02/20/2024 | |||||||||||
NOTES: Start date = 2025.
AIME = average indexed monthly earnings; %ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with a— |
Percent change in initial replacement rate at the— | Initial replacement rate under current law at the— | Initial replacement rate with proposal at the— |
|||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Rate decrease | Rate increase | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | |
Total | 0% | 0% | 0% | 0% | 0% | 24% | 47% | 82% | 24% | 47% | 82% |
Sex | |||||||||||
Female | 0% | 0% | 0% | 0% | 0% | 27% | 52% | 90% | 27% | 52% | 90% |
Male | 0% | 0% | 0% | 0% | 0% | 22% | 43% | 71% | 22% | 43% | 71% |
Race and ethnicity | |||||||||||
Hispanic or Latino, any race | 0% | 0% | 0% | 0% | 0% | 28% | 52% | 90% | 28% | 52% | 90% |
White, non-Hispanic | 0% | 0% | 0% | 0% | 0% | 23% | 45% | 78% | 23% | 45% | 78% |
Black or African American, non-Hispanic | 0% | 0% | 0% | 0% | 0% | 26% | 51% | 85% | 26% | 51% | 85% |
All other races, non-Hispanic | 0% | 0% | 0% | 0% | 0% | 22% | 45% | 81% | 22% | 45% | 81% |
Country of birth | |||||||||||
United States | 0% | 0% | 0% | 0% | 0% | 23% | 46% | 78% | 23% | 46% | 78% |
Other countries | 0% | 0% | 0% | 0% | 0% | 26% | 53% | 90% | 26% | 53% | 90% |
Highest education level | |||||||||||
Graduate | 0% | 0% | 0% | 0% | 0% | 21% | 41% | 74% | 21% | 41% | 74% |
Bachelor | 0% | 0% | 0% | 0% | 0% | 21% | 42% | 79% | 21% | 42% | 79% |
Associate | 0% | 0% | 0% | 0% | 0% | 24% | 46% | 74% | 24% | 46% | 74% |
High school | 0% | 0% | 0% | 0% | 0% | 28% | 50% | 87% | 28% | 50% | 87% |
Less than high school | 0% | 0% | 0% | 0% | 0% | 31% | 56% | 90% | 31% | 56% | 90% |
Current-law initial AIME quintile | |||||||||||
Highest | 0% | 0% | 0% | 0% | 0% | 15% | 31% | 46% | 15% | 31% | 46% |
Second highest | 0% | 0% | 0% | 0% | 0% | 23% | 38% | 56% | 23% | 38% | 56% |
Middle | 0% | 0% | 0% | 0% | 0% | 30% | 45% | 65% | 30% | 45% | 65% |
Second lowest | 0% | 0% | 0% | 0% | 0% | 40% | 55% | 82% | 40% | 55% | 82% |
Lowest | 0% | 0% | 0% | 0% | 0% | 56% | 73% | 124% | 56% | 73% | 124% |
Lifetime payroll tax quintile | |||||||||||
Highest | 0% | 0% | 0% | 0% | 0% | 15% | 33% | 49% | 15% | 33% | 49% |
Second highest | 0% | 0% | 0% | 0% | 0% | 22% | 37% | 58% | 22% | 37% | 58% |
Middle | 0% | 0% | 0% | 0% | 0% | 30% | 45% | 67% | 30% | 45% | 67% |
Second lowest | 0% | 0% | 0% | 0% | 0% | 38% | 54% | 82% | 38% | 54% | 82% |
Lowest | 0% | 0% | 0% | 0% | 0% | 55% | 71% | 116% | 55% | 71% | 116% |
Lifetime payroll tax quintile (shared) | |||||||||||
Highest | 0% | 0% | 0% | 0% | 0% | 16% | 35% | 51% | 16% | 35% | 51% |
Second highest | 0% | 0% | 0% | 0% | 0% | 22% | 39% | 62% | 22% | 39% | 62% |
Middle | 0% | 0% | 0% | 0% | 0% | 28% | 45% | 72% | 28% | 45% | 72% |
Second lowest | 0% | 0% | 0% | 0% | 0% | 35% | 52% | 85% | 35% | 52% | 85% |
Lowest | 0% | 0% | 0% | 0% | 0% | 50% | 66% | 102% | 50% | 66% | 102% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: ELDBEN OACT1001v1 02/20/2024 | |||||||||||
NOTES: Start date = 2025.
AIME = average indexed monthly earnings; %ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with a— |
Percent change in initial replacement rate at the— | Initial replacement rate under current law at the— | Initial replacement rate with proposal at the— |
|||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Rate decrease | Rate increase | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | |
Total | 0% | 0% | 0% | 0% | 0% | 24% | 47% | 83% | 24% | 47% | 83% |
Sex | |||||||||||
Female | 0% | 0% | 0% | 0% | 0% | 28% | 52% | 90% | 28% | 52% | 90% |
Male | 0% | 0% | 0% | 0% | 0% | 22% | 43% | 72% | 22% | 43% | 72% |
Race and ethnicity | |||||||||||
Hispanic or Latino, any race | 0% | 0% | 0% | 0% | 0% | 27% | 50% | 89% | 27% | 50% | 89% |
White, non-Hispanic | 0% | 0% | 0% | 0% | 0% | 23% | 45% | 80% | 23% | 45% | 80% |
Black or African American, non-Hispanic | 0% | 0% | 0% | 0% | 0% | 29% | 53% | 84% | 29% | 53% | 84% |
All other races, non-Hispanic | 0% | 0% | 0% | 0% | 0% | 24% | 45% | 85% | 24% | 45% | 85% |
Country of birth | |||||||||||
United States | 0% | 0% | 0% | 0% | 0% | 24% | 46% | 80% | 24% | 46% | 80% |
Other countries | 0% | 0% | 0% | 0% | 0% | 27% | 53% | 90% | 27% | 53% | 90% |
Highest education level | |||||||||||
Graduate | 0% | 0% | 0% | 0% | 0% | 22% | 42% | 77% | 22% | 42% | 77% |
Bachelor | 0% | 0% | 0% | 0% | 0% | 21% | 42% | 81% | 21% | 42% | 81% |
Associate | 0% | 0% | 0% | 0% | 0% | 25% | 46% | 77% | 25% | 46% | 77% |
High school | 0% | 0% | 0% | 0% | 0% | 28% | 51% | 87% | 28% | 51% | 87% |
Less than high school | 0% | 0% | 0% | 0% | 0% | 31% | 55% | 90% | 31% | 55% | 90% |
Current-law initial AIME quintile | |||||||||||
Highest | 0% | 0% | 0% | 0% | 0% | 16% | 31% | 46% | 16% | 31% | 46% |
Second highest | 0% | 0% | 0% | 0% | 0% | 24% | 39% | 57% | 24% | 39% | 57% |
Middle | 0% | 0% | 0% | 0% | 0% | 31% | 45% | 65% | 31% | 45% | 65% |
Second lowest | 0% | 0% | 0% | 0% | 0% | 40% | 54% | 81% | 40% | 54% | 81% |
Lowest | 0% | 0% | 0% | 0% | 0% | 57% | 74% | 125% | 57% | 74% | 125% |
Lifetime payroll tax quintile | |||||||||||
Highest | 0% | 0% | 0% | 0% | 0% | 15% | 34% | 48% | 15% | 34% | 48% |
Second highest | 0% | 0% | 0% | 0% | 0% | 24% | 39% | 59% | 24% | 39% | 59% |
Middle | 0% | 0% | 0% | 0% | 0% | 31% | 45% | 67% | 31% | 45% | 67% |
Second lowest | 0% | 0% | 0% | 0% | 0% | 39% | 53% | 81% | 39% | 53% | 81% |
Lowest | 0% | 0% | 0% | 0% | 0% | 56% | 73% | 118% | 56% | 73% | 118% |
Lifetime payroll tax quintile (shared) | |||||||||||
Highest | 0% | 0% | 0% | 0% | 0% | 16% | 35% | 51% | 16% | 35% | 51% |
Second highest | 0% | 0% | 0% | 0% | 0% | 23% | 40% | 63% | 23% | 40% | 63% |
Middle | 0% | 0% | 0% | 0% | 0% | 29% | 45% | 72% | 29% | 45% | 72% |
Second lowest | 0% | 0% | 0% | 0% | 0% | 35% | 52% | 86% | 35% | 52% | 86% |
Lowest | 0% | 0% | 0% | 0% | 0% | 50% | 67% | 104% | 50% | 67% | 104% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: ELDBEN OACT1001v1 02/20/2024 | |||||||||||
NOTES: Start date = 2025.
AIME = average indexed monthly earnings; %ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with a— |
Percent change in initial replacement rate at the— | Initial replacement rate under current law at the— | Initial replacement rate with proposal at the— |
|||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Rate decrease | Rate increase | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | 10th %ile | Median | 90th %ile | |
Total | 0% | 0% | 0% | 0% | 0% | 23% | 47% | 84% | 23% | 47% | 84% |
Sex | |||||||||||
Female | 0% | 0% | 0% | 0% | 0% | 28% | 53% | 90% | 28% | 53% | 90% |
Male | 0% | 0% | 0% | 0% | 0% | 22% | 43% | 72% | 22% | 43% | 72% |
Race and ethnicity | |||||||||||
Hispanic or Latino, any race | 0% | 0% | 0% | 0% | 0% | 26% | 50% | 88% | 26% | 50% | 88% |
White, non-Hispanic | 0% | 0% | 0% | 0% | 0% | 22% | 45% | 81% | 22% | 45% | 81% |
Black or African American, non-Hispanic | 0% | 0% | 0% | 0% | 0% | 27% | 52% | 84% | 27% | 52% | 84% |
All other races, non-Hispanic | 0% | 0% | 0% | 0% | 0% | 22% | 43% | 83% | 22% | 43% | 83% |
Country of birth | |||||||||||
United States | 0% | 0% | 0% | 0% | 0% | 23% | 46% | 80% | 23% | 46% | 80% |
Other countries | 0% | 0% | 0% | 0% | 0% | 26% | 52% | 90% | 26% | 52% | 90% |
Highest education level | |||||||||||
Graduate | 0% | 0% | 0% | 0% | 0% | 21% | 42% | 79% | 21% | 42% | 79% |
Bachelor | 0% | 0% | 0% | 0% | 0% | 21% | 42% | 82% | 21% | 42% | 82% |
Associate | 0% | 0% | 0% | 0% | 0% | 23% | 46% | 76% | 23% | 46% | 76% |
High school | 0% | 0% | 0% | 0% | 0% | 27% | 50% | 89% | 27% | 50% | 89% |
Less than high school | 0% | 0% | 0% | 0% | 0% | 31% | 56% | 90% | 31% | 56% | 90% |
Current-law initial AIME quintile | |||||||||||
Highest | 0% | 0% | 0% | 0% | 0% | 15% | 31% | 46% | 15% | 31% | 46% |
Second highest | 0% | 0% | 0% | 0% | 0% | 23% | 39% | 56% | 23% | 39% | 56% |
Middle | 0% | 0% | 0% | 0% | 0% | 31% | 45% | 65% | 31% | 45% | 65% |
Second lowest | 0% | 0% | 0% | 0% | 0% | 40% | 55% | 82% | 40% | 55% | 82% |
Lowest | 0% | 0% | 0% | 0% | 0% | 57% | 75% | 133% | 57% | 75% | 133% |
Lifetime payroll tax quintile | |||||||||||
Highest | 0% | 0% | 0% | 0% | 0% | 15% | 33% | 47% | 15% | 33% | 47% |
Second highest | 0% | 0% | 0% | 0% | 0% | 22% | 38% | 58% | 22% | 38% | 58% |
Middle | 0% | 0% | 0% | 0% | 0% | 31% | 45% | 66% | 31% | 45% | 66% |
Second lowest | 0% | 0% | 0% | 0% | 0% | 38% | 54% | 84% | 38% | 54% | 84% |
Lowest | 0% | 0% | 0% | 0% | 0% | 56% | 74% | 124% | 56% | 74% | 124% |
Lifetime payroll tax quintile (shared) | |||||||||||
Highest | 0% | 0% | 0% | 0% | 0% | 16% | 35% | 50% | 16% | 35% | 50% |
Second highest | 0% | 0% | 0% | 0% | 0% | 22% | 40% | 62% | 22% | 40% | 62% |
Middle | 0% | 0% | 0% | 0% | 0% | 27% | 45% | 72% | 27% | 45% | 72% |
Second lowest | 0% | 0% | 0% | 0% | 0% | 35% | 53% | 85% | 35% | 53% | 85% |
Lowest | 0% | 0% | 0% | 0% | 0% | 51% | 67% | 108% | 51% | 67% | 108% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: ELDBEN OACT1001v1 02/20/2024 | |||||||||||
NOTES: Start date = 2025.
AIME = average indexed monthly earnings; %ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
For projected effects on the Social Security trust funds, see the Actuary's provision B6.3.