You are here: Social Security Administration > Research, Statistics & Policy Analysis > Policy Option Projections
Projected Effects of a Proposal to Reconfigure the Minimum Benefit
Details: For workers with 10 to 30 years of coverage (YOC = 4 quarters earned that year) set primary insurance amount (PIA) up to 125% of the monthly poverty level
Table user guide | Projection methodology | All options comparison | Related research
| 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% | 3% | 0% | 0% | 0% |
| Sex | |||||
| Female | 0% | 4% | 0% | 0% | 0% |
| Male | 0% | 3% | 0% | 0% | 0% |
| Race and ethnicity | |||||
| Hispanic or Latino, any race | 0% | 7% | 0% | 0% | 0% |
| White, non-Hispanic | 0% | 3% | 0% | 0% | 0% |
| Black or African American, non-Hispanic | 0% | 5% | 0% | 0% | 0% |
| All other races, non-Hispanic | 0% | 3% | 0% | 0% | 0% |
| Country of birth | |||||
| United States | 0% | 3% | 0% | 0% | 0% |
| Other countries | 0% | 5% | 0% | 0% | 0% |
| Age | |||||
| 60–69 | 0% | 10% | 0% | 0% | 1% |
| 70–79 | 0% | 0% | 0% | 0% | 0% |
| 80–89 | 0% | 0% | 0% | 0% | 0% |
| 90 or older | 0% | 0% | 0% | 0% | 0% |
| Marital status | |||||
| Married | 0% | 4% | 0% | 0% | 0% |
| Divorced | 0% | 3% | 0% | 0% | 0% |
| Widowed | 0% | 1% | 0% | 0% | 0% |
| Never married | 0% | 6% | 0% | 0% | 0% |
| Highest education level | |||||
| Graduate | 0% | 1% | 0% | 0% | 0% |
| Bachelor | 0% | 1% | 0% | 0% | 0% |
| Associate | 0% | 3% | 0% | 0% | 0% |
| High school | 0% | 4% | 0% | 0% | 0% |
| Less than high school | 0% | 7% | 0% | 0% | 0% |
| Current-law poverty status | |||||
| Above poverty | 0% | 3% | 0% | 0% | 0% |
| In poverty | 0% | 11% | 0% | 0% | 5% |
| Current-law household income quintile | |||||
| Highest | 0% | 1% | 0% | 0% | 0% |
| Second highest | 0% | 2% | 0% | 0% | 0% |
| Middle | 0% | 3% | 0% | 0% | 0% |
| Second lowest | 0% | 5% | 0% | 0% | 0% |
| Lowest | 0% | 6% | 0% | 0% | 0% |
| Current-law benefit type | |||||
| Retired worker only | 0% | 3% | 0% | 0% | 0% |
| Widow(er) (includes dually entitled) | 0% | 1% | 0% | 0% | 0% |
| Spousal (includes dually entitled) | 1% | 4% | 0% | 0% | 0% |
| Disabled worker only | 0% | 10% | 0% | 0% | 2% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: MINBEN OACT1001v1 02/20/2024 | |||||
| NOTES: Start date = 2024.
%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% | 11% | 0% | 0% | 2% |
| Sex | |||||
| Female | 0% | 13% | 0% | 0% | 4% |
| Male | 0% | 9% | 0% | 0% | 0% |
| Race and ethnicity | |||||
| Hispanic or Latino, any race | 0% | 17% | 0% | 0% | 9% |
| White, non-Hispanic | 0% | 8% | 0% | 0% | 0% |
| Black or African American, non-Hispanic | 0% | 15% | 0% | 0% | 7% |
| All other races, non-Hispanic | 0% | 9% | 0% | 0% | 0% |
| Country of birth | |||||
| United States | 0% | 10% | 0% | 0% | 1% |
| Other countries | 0% | 12% | 0% | 0% | 3% |
| Age | |||||
| 60–69 | 0% | 16% | 0% | 0% | 8% |
| 70–79 | 0% | 12% | 0% | 0% | 4% |
| 80–89 | 0% | 7% | 0% | 0% | 0% |
| 90 or older | 0% | 0% | 0% | 0% | 0% |
| Marital status | |||||
| Married | 0% | 11% | 0% | 0% | 2% |
| Divorced | 0% | 11% | 0% | 0% | 2% |
| Widowed | 0% | 7% | 0% | 0% | 0% |
| Never married | 0% | 16% | 0% | 0% | 9% |
| Highest education level | |||||
| Graduate | 0% | 3% | 0% | 0% | 0% |
| Bachelor | 0% | 4% | 0% | 0% | 0% |
| Associate | 0% | 11% | 0% | 0% | 2% |
| High school | 0% | 16% | 0% | 0% | 8% |
| Less than high school | 0% | 21% | 0% | 0% | 14% |
| Current-law poverty status | |||||
| Above poverty | 0% | 10% | 0% | 0% | 1% |
| In poverty | 0% | 25% | 0% | 0% | 27% |
| Current-law household income quintile | |||||
| Highest | 0% | 3% | 0% | 0% | 0% |
| Second highest | 0% | 5% | 0% | 0% | 0% |
| Middle | 0% | 9% | 0% | 0% | 0% |
| Second lowest | 0% | 13% | 0% | 0% | 5% |
| Lowest | 0% | 23% | 0% | 0% | 15% |
| Current-law benefit type | |||||
| Retired worker only | 0% | 11% | 0% | 0% | 2% |
| Widow(er) (includes dually entitled) | 0% | 6% | 0% | 0% | 0% |
| Spousal (includes dually entitled) | 3% | 12% | 0% | 0% | 2% |
| Disabled worker only | 0% | 17% | 0% | 0% | 8% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: MINBEN OACT1001v1 02/20/2024 | |||||
| NOTES: Start date = 2024.
%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% | 12% | 0% | 0% | 4% |
| Sex | |||||
| Female | 0% | 14% | 0% | 0% | 7% |
| Male | 0% | 10% | 0% | 0% | 0% |
| Race and ethnicity | |||||
| Hispanic or Latino, any race | 0% | 17% | 0% | 0% | 10% |
| White, non-Hispanic | 0% | 10% | 0% | 0% | 0% |
| Black or African American, non-Hispanic | 0% | 17% | 0% | 0% | 10% |
| All other races, non-Hispanic | 0% | 9% | 0% | 0% | 0% |
| Country of birth | |||||
| United States | 0% | 12% | 0% | 0% | 4% |
| Other countries | 0% | 12% | 0% | 0% | 4% |
| Age | |||||
| 60–69 | 0% | 16% | 0% | 0% | 9% |
| 70–79 | 0% | 13% | 0% | 0% | 4% |
| 80–89 | 0% | 10% | 0% | 0% | 0% |
| 90 or older | 0% | 6% | 0% | 0% | 0% |
| Marital status | |||||
| Married | 0% | 12% | 0% | 0% | 3% |
| Divorced | 0% | 12% | 0% | 0% | 3% |
| Widowed | 0% | 9% | 0% | 0% | 0% |
| Never married | 0% | 16% | 0% | 0% | 9% |
| Highest education level | |||||
| Graduate | 0% | 3% | 0% | 0% | 0% |
| Bachelor | 0% | 5% | 0% | 0% | 0% |
| Associate | 0% | 14% | 0% | 0% | 5% |
| High school | 0% | 18% | 0% | 0% | 11% |
| Less than high school | 0% | 23% | 0% | 0% | 16% |
| Current-law poverty status | |||||
| Above poverty | 0% | 12% | 0% | 0% | 4% |
| In poverty | 0% | 20% | 0% | 0% | 22% |
| Current-law household income quintile | |||||
| Highest | 0% | 4% | 0% | 0% | 0% |
| Second highest | 0% | 6% | 0% | 0% | 0% |
| Middle | 0% | 10% | 0% | 0% | 0% |
| Second lowest | 0% | 14% | 0% | 0% | 6% |
| Lowest | 0% | 27% | 0% | 0% | 17% |
| Current-law benefit type | |||||
| Retired worker only | 0% | 13% | 0% | 0% | 5% |
| Widow(er) (includes dually entitled) | 0% | 9% | 0% | 0% | 0% |
| Spousal (includes dually entitled) | 3% | 14% | 0% | 0% | 4% |
| Disabled worker only | 0% | 14% | 0% | 0% | 7% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: MINBEN OACT1001v1 02/20/2024 | |||||
| NOTES: Start date = 2024.
%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 | $0 |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: MINBEN OACT1001v1 02/20/2024 | ||||||||
| NOTES: Start date = 2024.
%ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
||||||||
| Characteristic | Percent of population with a— |
Percent change in Social Security taxes paid at the— | Change in taxes paid (in 2024$) 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 | $0 |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: MINBEN OACT1001v1 02/20/2024 | ||||||||
| NOTES: Start date = 2024.
%ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
||||||||
| Characteristic | Percent of population with a— |
Percent change in Social Security taxes paid at the— | Change in taxes paid (in 2024$) 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: MINBEN OACT1001v1 02/20/2024 | ||||||||
| NOTES: Start date = 2024.
%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% | 3% | 0% | 0% | 0% |
| Sex | |||||
| Female | 0% | 3% | 0% | 0% | 0% |
| Male | 0% | 4% | 0% | 0% | 0% |
| Race and ethnicity | |||||
| Hispanic or Latino, any race | 0% | 7% | 0% | 0% | 0% |
| White, non-Hispanic | 0% | 3% | 0% | 0% | 0% |
| Black or African American, non-Hispanic | 0% | 5% | 0% | 0% | 0% |
| All other races, non-Hispanic | 0% | 3% | 0% | 0% | 0% |
| Country of birth | |||||
| United States | 0% | 3% | 0% | 0% | 0% |
| Other countries | 0% | 5% | 0% | 0% | 0% |
| Age | |||||
| 60–69 | 0% | 10% | 0% | 0% | 0% |
| 70–79 | 0% | 1% | 0% | 0% | 0% |
| 80–89 | 0% | 0% | 0% | 0% | 0% |
| 90 or older | 0% | 0% | 0% | 0% | 0% |
| Marital status | |||||
| Married | 0% | 4% | 0% | 0% | 0% |
| Divorced | 0% | 3% | 0% | 0% | 0% |
| Widowed | 0% | 1% | 0% | 0% | 0% |
| Never married | 0% | 5% | 0% | 0% | 0% |
| Highest education level | |||||
| Graduate | 0% | 1% | 0% | 0% | 0% |
| Bachelor | 0% | 1% | 0% | 0% | 0% |
| Associate | 0% | 3% | 0% | 0% | 0% |
| High school | 0% | 5% | 0% | 0% | 0% |
| Less than high school | 0% | 7% | 0% | 0% | 0% |
| Current-law poverty status | |||||
| Above poverty | 0% | 3% | 0% | 0% | 0% |
| In poverty | 0% | 11% | 0% | 0% | 3% |
| Current-law household income quintile | |||||
| Highest | 0% | 0% | 0% | 0% | 0% |
| Second highest | 0% | 1% | 0% | 0% | 0% |
| Middle | 0% | 4% | 0% | 0% | 0% |
| Second lowest | 0% | 6% | 0% | 0% | 0% |
| Lowest | 0% | 6% | 0% | 0% | 0% |
| Current-law benefit type | |||||
| Retired worker only | 0% | 4% | 0% | 0% | 0% |
| Widow(er) (includes dually entitled) | 0% | 1% | 0% | 0% | 0% |
| Spousal (includes dually entitled) | 0% | 2% | 0% | 0% | 0% |
| Disabled worker only | 0% | 11% | 0% | 0% | 1% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: MINBEN OACT1001v1 02/20/2024 | |||||
| NOTES: Start date = 2024.
%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% | 11% | 0% | 0% | 1% |
| Sex | |||||
| Female | 0% | 12% | 0% | 0% | 1% |
| Male | 0% | 11% | 0% | 0% | 1% |
| Race and ethnicity | |||||
| Hispanic or Latino, any race | 0% | 17% | 0% | 0% | 4% |
| White, non-Hispanic | 0% | 9% | 0% | 0% | 0% |
| Black or African American, non-Hispanic | 0% | 15% | 0% | 0% | 3% |
| All other races, non-Hispanic | 0% | 8% | 0% | 0% | 0% |
| Country of birth | |||||
| United States | 0% | 11% | 0% | 0% | 1% |
| Other countries | 0% | 12% | 0% | 0% | 1% |
| Age | |||||
| 60–69 | 0% | 15% | 0% | 0% | 3% |
| 70–79 | 0% | 13% | 0% | 0% | 2% |
| 80–89 | 0% | 8% | 0% | 0% | 0% |
| 90 or older | 0% | 1% | 0% | 0% | 0% |
| Marital status | |||||
| Married | 0% | 13% | 0% | 0% | 1% |
| Divorced | 0% | 10% | 0% | 0% | 0% |
| Widowed | 0% | 6% | 0% | 0% | 0% |
| Never married | 0% | 14% | 0% | 0% | 3% |
| Highest education level | |||||
| Graduate | 0% | 3% | 0% | 0% | 0% |
| Bachelor | 0% | 4% | 0% | 0% | 0% |
| Associate | 0% | 12% | 0% | 0% | 1% |
| High school | 0% | 17% | 0% | 0% | 3% |
| Less than high school | 0% | 21% | 0% | 0% | 6% |
| Current-law poverty status | |||||
| Above poverty | 0% | 11% | 0% | 0% | 1% |
| In poverty | 0% | 24% | 0% | 0% | 21% |
| Current-law household income quintile | |||||
| Highest | 0% | 1% | 0% | 0% | 0% |
| Second highest | 0% | 5% | 0% | 0% | 0% |
| Middle | 0% | 10% | 0% | 0% | 1% |
| Second lowest | 0% | 16% | 0% | 0% | 3% |
| Lowest | 0% | 24% | 0% | 0% | 12% |
| Current-law benefit type | |||||
| Retired worker only | 0% | 12% | 0% | 0% | 2% |
| Widow(er) (includes dually entitled) | 0% | 6% | 0% | 0% | 0% |
| Spousal (includes dually entitled) | 0% | 8% | 0% | 0% | 0% |
| Disabled worker only | 0% | 16% | 0% | 0% | 3% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: MINBEN OACT1001v1 02/20/2024 | |||||
| NOTES: Start date = 2024.
%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% | 2% |
| Sex | |||||
| Female | 0% | 13% | 0% | 0% | 2% |
| Male | 0% | 11% | 0% | 0% | 1% |
| Race and ethnicity | |||||
| Hispanic or Latino, any race | 0% | 18% | 0% | 0% | 4% |
| White, non-Hispanic | 0% | 10% | 0% | 0% | 1% |
| Black or African American, non-Hispanic | 0% | 16% | 0% | 0% | 4% |
| All other races, non-Hispanic | 0% | 9% | 0% | 0% | 0% |
| Country of birth | |||||
| United States | 0% | 13% | 0% | 0% | 2% |
| Other countries | 0% | 12% | 0% | 0% | 1% |
| Age | |||||
| 60–69 | 0% | 15% | 0% | 0% | 3% |
| 70–79 | 0% | 13% | 0% | 0% | 2% |
| 80–89 | 0% | 11% | 0% | 0% | 1% |
| 90 or older | 0% | 7% | 0% | 0% | 0% |
| Marital status | |||||
| Married | 0% | 14% | 0% | 0% | 2% |
| Divorced | 0% | 10% | 0% | 0% | 1% |
| Widowed | 0% | 8% | 0% | 0% | 0% |
| Never married | 0% | 15% | 0% | 0% | 4% |
| Highest education level | |||||
| Graduate | 0% | 3% | 0% | 0% | 0% |
| Bachelor | 0% | 5% | 0% | 0% | 0% |
| Associate | 0% | 14% | 0% | 0% | 2% |
| High school | 0% | 19% | 0% | 0% | 5% |
| Less than high school | 0% | 23% | 0% | 0% | 7% |
| Current-law poverty status | |||||
| Above poverty | 0% | 12% | 0% | 0% | 2% |
| In poverty | 0% | 20% | 0% | 0% | 17% |
| Current-law household income quintile | |||||
| Highest | 0% | 1% | 0% | 0% | 0% |
| Second highest | 0% | 5% | 0% | 0% | 0% |
| Middle | 0% | 11% | 0% | 0% | 1% |
| Second lowest | 0% | 17% | 0% | 0% | 4% |
| Lowest | 0% | 28% | 0% | 0% | 14% |
| Current-law benefit type | |||||
| Retired worker only | 0% | 13% | 0% | 0% | 2% |
| Widow(er) (includes dually entitled) | 0% | 8% | 0% | 0% | 0% |
| Spousal (includes dually entitled) | 1% | 10% | 0% | 0% | 0% |
| Disabled worker only | 0% | 14% | 0% | 0% | 3% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: MINBEN OACT1001v1 02/20/2024 | |||||
| NOTES: Start date = 2024.
%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 | 3,339 | -126 | -3% |
| Sex | ||||||
| Female | 5% | 5% | 1,958 | 1,887 | -71 | -3% |
| Male | 5% | 4% | 1,507 | 1,451 | -55 | -3% |
| Race and ethnicity | ||||||
| Hispanic or Latino, any race | 8% | 8% | 672 | 641 | -30 | -4% |
| White, non-Hispanic | 4% | 4% | 1,943 | 1,882 | -61 | -3% |
| Black or African American, non-Hispanic | 8% | 8% | 577 | 549 | -27 | -4% |
| All other races, non-Hispanic | 7% | 7% | 273 | 267 | -6 | -2% |
| Country of birth | ||||||
| United States | 4% | 4% | 2,486 | 2,395 | -90 | -3% |
| Other countries | 9% | 9% | 979 | 944 | -35 | -3% |
| Age | ||||||
| 60–69 | 7% | 7% | 1,655 | 1,537 | -118 | -7% |
| 70–79 | 4% | 4% | 1,346 | 1,338 | -7 | 0% |
| 80–89 | 3% | 3% | 417 | 417 | 0 | 0% |
| 90 or older | 2% | 2% | 46 | 46 | 0 | 0% |
| Marital status | ||||||
| Married | 2% | 2% | 646 | 620 | -25 | -4% |
| Divorced | 9% | 9% | 1,175 | 1,124 | -51 | -4% |
| Widowed | 6% | 6% | 813 | 798 | -15 | -1% |
| Never married | 16% | 16% | 832 | 797 | -34 | -4% |
| Highest education level | ||||||
| Graduate | 1% | 1% | 91 | 91 | 0 | 0% |
| Bachelor | 2% | 2% | 322 | 318 | -4 | -1% |
| Associate | 4% | 4% | 694 | 666 | -28 | -4% |
| High school | 6% | 6% | 1,593 | 1,526 | -66 | -4% |
| Less than high school | 13% | 12% | 765 | 738 | -26 | -3% |
| Current-law poverty status | ||||||
| Above poverty | 0% | 0% | 0 | 0 | 0 | . . . |
| In poverty | 100% | 96% | 3,465 | 3,339 | -126 | -3% |
| Current-law benefit type | ||||||
| Retired worker only | 5% | 5% | 2,355 | 2,267 | -88 | -3% |
| Widow(er) (includes dually entitled) | 6% | 6% | 664 | 654 | -9 | -1% |
| Spousal (includes dually entitled) | 3% | 3% | 189 | 185 | -3 | -2% |
| Disabled worker only | 9% | 9% | 257 | 232 | -24 | -9% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: MINBEN OACT1001v1 02/20/2024 | ||||||
| NOTES: Start date = 2024.
. . . = 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 | 3,275 | -506 | -13% |
| Sex | ||||||
| Female | 5% | 4% | 2,099 | 1,777 | -322 | -15% |
| Male | 4% | 4% | 1,683 | 1,498 | -184 | -10% |
| Race and ethnicity | ||||||
| Hispanic or Latino, any race | 7% | 6% | 1,058 | 919 | -139 | -13% |
| White, non-Hispanic | 3% | 3% | 1,741 | 1,508 | -233 | -13% |
| Black or African American, non-Hispanic | 7% | 6% | 657 | 562 | -94 | -14% |
| All other races, non-Hispanic | 5% | 4% | 326 | 286 | -39 | -12% |
| Country of birth | ||||||
| United States | 4% | 3% | 2,511 | 2,110 | -401 | -15% |
| Other countries | 7% | 6% | 1,271 | 1,165 | -105 | -8% |
| Age | ||||||
| 60–69 | 6% | 5% | 1,402 | 1,219 | -183 | -13% |
| 70–79 | 4% | 4% | 1,337 | 1,147 | -189 | -14% |
| 80–89 | 4% | 3% | 873 | 741 | -132 | -15% |
| 90 or older | 2% | 2% | 170 | 168 | -2 | -1% |
| Marital status | ||||||
| Married | 2% | 2% | 711 | 650 | -61 | -8% |
| Divorced | 7% | 6% | 1,070 | 908 | -161 | -15% |
| Widowed | 5% | 5% | 817 | 707 | -109 | -13% |
| Never married | 12% | 10% | 1,183 | 1,009 | -174 | -14% |
| Highest education level | ||||||
| Graduate | 1% | 1% | 169 | 167 | -2 | -1% |
| Bachelor | 2% | 2% | 344 | 304 | -40 | -11% |
| Associate | 3% | 3% | 630 | 541 | -89 | -14% |
| High school | 6% | 5% | 1,694 | 1,418 | -276 | -16% |
| Less than high school | 12% | 11% | 944 | 846 | -98 | -10% |
| Current-law poverty status | ||||||
| Above poverty | 0% | 0% | 0 | 0 | 0 | . . . |
| In poverty | 100% | 87% | 3,782 | 3,275 | -506 | -13% |
| Current-law benefit type | ||||||
| Retired worker only | 5% | 4% | 2,839 | 2,398 | -441 | -15% |
| Widow(er) (includes dually entitled) | 4% | 4% | 508 | 469 | -39 | -7% |
| Spousal (includes dually entitled) | 3% | 3% | 218 | 212 | -6 | -3% |
| Disabled worker only | 7% | 6% | 216 | 197 | -19 | -8% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: MINBEN OACT1001v1 02/20/2024 | ||||||
| NOTES: Start date = 2024.
. . . = 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 | 2,535 | -287 | -10% |
| Sex | ||||||
| Female | 3% | 3% | 1,527 | 1,386 | -140 | -9% |
| Male | 3% | 3% | 1,296 | 1,148 | -147 | -11% |
| Race and ethnicity | ||||||
| Hispanic or Latino, any race | 4% | 4% | 963 | 880 | -83 | -8% |
| White, non-Hispanic | 2% | 2% | 1,125 | 982 | -142 | -12% |
| Black or African American, non-Hispanic | 5% | 4% | 426 | 373 | -52 | -12% |
| All other races, non-Hispanic | 3% | 3% | 309 | 299 | -9 | -3% |
| Country of birth | ||||||
| United States | 2% | 2% | 1,770 | 1,542 | -227 | -12% |
| Other countries | 5% | 5% | 1,052 | 992 | -60 | -5% |
| Age | ||||||
| 60–69 | 4% | 3% | 945 | 873 | -71 | -7% |
| 70–79 | 3% | 3% | 1,057 | 971 | -85 | -8% |
| 80–89 | 3% | 2% | 628 | 526 | -102 | -16% |
| 90 or older | 2% | 2% | 192 | 164 | -27 | -14% |
| Marital status | ||||||
| Married | 1% | 1% | 470 | 419 | -50 | -10% |
| Divorced | 4% | 3% | 687 | 608 | -78 | -11% |
| Widowed | 3% | 3% | 486 | 436 | -50 | -10% |
| Never married | 7% | 6% | 1,179 | 1,071 | -107 | -9% |
| Highest education level | ||||||
| Graduate | 1% | 1% | 156 | 155 | -1 | 0% |
| Bachelor | 1% | 1% | 216 | 199 | -16 | -7% |
| Associate | 2% | 2% | 460 | 410 | -49 | -10% |
| High school | 4% | 4% | 1,229 | 1,091 | -137 | -11% |
| Less than high school | 8% | 7% | 761 | 679 | -81 | -10% |
| Current-law benefit type | ||||||
| Retired worker only | 3% | 3% | 2,197 | 1,944 | -252 | -11% |
| Widow(er) (includes dually entitled) | 3% | 2% | 314 | 289 | -24 | -7% |
| Spousal (includes dually entitled) | 2% | 2% | 156 | 150 | -5 | -3% |
| Disabled worker only | 4% | 4% | 156 | 151 | -4 | -2% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: MINBEN OACT1001v1 02/20/2024 | ||||||
| NOTES: Start date = 2024.
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% | 8% | 0% | 0% | 0% | 6% | 145% | 450% | 6% | 146% | 456% |
| Sex | |||||||||||
| Female | 0% | 10% | 0% | 0% | 1% | 26% | 182% | 644% | 28% | 185% | 649% |
| Male | 0% | 6% | 0% | 0% | 0% | 0% | 119% | 266% | 0% | 120% | 273% |
| Race and ethnicity | |||||||||||
| Hispanic or Latino, any race | 0% | 12% | 0% | 0% | 5% | 0% | 162% | 569% | 0% | 165% | 581% |
| White, non-Hispanic | 0% | 7% | 0% | 0% | 0% | 15% | 140% | 406% | 15% | 141% | 414% |
| Black or African American, non-Hispanic | 0% | 9% | 0% | 0% | 1% | 0% | 149% | 473% | 0% | 151% | 475% |
| All other races, non-Hispanic | 0% | 6% | 0% | 0% | 0% | 0% | 146% | 508% | 0% | 146% | 509% |
| Country of birth | |||||||||||
| United States | 0% | 7% | 0% | 0% | 0% | 12% | 141% | 416% | 13% | 142% | 422% |
| Other countries | 0% | 9% | 0% | 0% | 2% | 0% | 164% | 599% | 0% | 166% | 605% |
| Highest education level | |||||||||||
| Graduate | 0% | 2% | 0% | 0% | 0% | 23% | 125% | 264% | 23% | 125% | 267% |
| Bachelor | 0% | 3% | 0% | 0% | 0% | 22% | 137% | 362% | 22% | 137% | 364% |
| Associate | 0% | 8% | 0% | 0% | 0% | 12% | 146% | 393% | 12% | 148% | 400% |
| High school | 0% | 10% | 0% | 0% | 2% | 0% | 153% | 519% | 0% | 155% | 525% |
| Less than high school | 0% | 13% | 0% | 0% | 7% | 0% | 161% | 803% | 0% | 164% | 819% |
| Current-law initial AIME quintile | |||||||||||
| Highest | 0% | 0% | 0% | 0% | 0% | 39% | 108% | 157% | 39% | 108% | 157% |
| Second highest | 0% | 0% | 0% | 0% | 0% | 24% | 134% | 201% | 24% | 134% | 201% |
| Middle | 0% | 9% | 0% | 0% | 0% | 14% | 160% | 270% | 14% | 161% | 272% |
| Second lowest | 0% | 24% | 0% | 0% | 15% | 23% | 228% | 504% | 24% | 240% | 514% |
| Lowest | 0% | 6% | 0% | 0% | 0% | 0% | 254% | 1,561% | 0% | 259% | 1,561% |
| Lifetime payroll tax quintile | |||||||||||
| Highest | 0% | 0% | 0% | 0% | 0% | 47% | 108% | 152% | 47% | 108% | 152% |
| Second highest | 0% | 0% | 0% | 0% | 0% | 25% | 136% | 202% | 25% | 136% | 202% |
| Middle | 0% | 5% | 0% | 0% | 0% | 15% | 161% | 267% | 15% | 162% | 267% |
| Second lowest | 0% | 27% | 0% | 0% | 15% | 18% | 218% | 454% | 19% | 227% | 457% |
| Lowest | 0% | 7% | 0% | 0% | 0% | 0% | 308% | 1,585% | 0% | 317% | 1,586% |
| Lifetime payroll tax quintile (shared) | |||||||||||
| Highest | 0% | 0% | 0% | 0% | 0% | 56% | 115% | 194% | 56% | 115% | 194% |
| Second highest | 0% | 2% | 0% | 0% | 0% | 36% | 139% | 269% | 36% | 139% | 271% |
| Middle | 0% | 6% | 0% | 0% | 0% | 19% | 160% | 363% | 19% | 160% | 368% |
| Second lowest | 0% | 20% | 0% | 0% | 10% | 6% | 185% | 516% | 6% | 190% | 524% |
| Lowest | 0% | 11% | 0% | 0% | 10% | 0% | 205% | 1,138% | 0% | 215% | 1,138% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: MINBEN OACT1001v1 02/20/2024 | |||||||||||
| NOTES: Start date = 2024.
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% | 13% | 0% | 0% | 5% | 0% | 129% | 404% | 0% | 130% | 416% |
| Sex | |||||||||||
| Female | 0% | 16% | 0% | 0% | 8% | 0% | 156% | 570% | 0% | 159% | 577% |
| Male | 0% | 10% | 0% | 0% | 2% | 0% | 110% | 275% | 0% | 111% | 288% |
| Race and ethnicity | |||||||||||
| Hispanic or Latino, any race | 0% | 16% | 0% | 0% | 11% | 0% | 133% | 447% | 0% | 136% | 464% |
| White, non-Hispanic | 0% | 11% | 0% | 0% | 2% | 11% | 130% | 403% | 12% | 131% | 414% |
| Black or African American, non-Hispanic | 0% | 18% | 0% | 0% | 11% | 0% | 130% | 355% | 0% | 131% | 383% |
| All other races, non-Hispanic | 0% | 8% | 0% | 0% | 2% | 0% | 104% | 383% | 0% | 104% | 386% |
| Country of birth | |||||||||||
| United States | 0% | 13% | 0% | 0% | 5% | 6% | 130% | 369% | 7% | 131% | 383% |
| Other countries | 0% | 11% | 0% | 0% | 5% | 0% | 125% | 602% | 0% | 126% | 607% |
| Highest education level | |||||||||||
| Graduate | 0% | 3% | 0% | 0% | 0% | 17% | 113% | 278% | 17% | 113% | 282% |
| Bachelor | 0% | 4% | 0% | 0% | 0% | 5% | 117% | 311% | 5% | 118% | 316% |
| Associate | 0% | 15% | 0% | 0% | 6% | 0% | 133% | 348% | 0% | 134% | 372% |
| High school | 0% | 18% | 0% | 0% | 10% | 0% | 143% | 533% | 0% | 146% | 543% |
| Less than high school | 0% | 19% | 0% | 0% | 15% | 0% | 133% | 627% | 0% | 137% | 635% |
| Current-law initial AIME quintile | |||||||||||
| Highest | 0% | 0% | 0% | 0% | 0% | 40% | 96% | 138% | 40% | 96% | 138% |
| Second highest | 0% | 0% | 0% | 0% | 0% | 31% | 128% | 192% | 31% | 128% | 192% |
| Middle | 0% | 25% | 0% | 0% | 8% | 26% | 157% | 271% | 26% | 161% | 277% |
| Second lowest | 0% | 33% | 0% | 0% | 24% | 0% | 220% | 568% | 0% | 238% | 576% |
| Lowest | 0% | 6% | 0% | 0% | 2% | 0% | 121% | 2,087% | 0% | 124% | 2,101% |
| Lifetime payroll tax quintile | |||||||||||
| Highest | 0% | 0% | 0% | 0% | 0% | 42% | 96% | 137% | 42% | 96% | 137% |
| Second highest | 0% | 1% | 0% | 0% | 0% | 39% | 129% | 194% | 39% | 129% | 194% |
| Middle | 0% | 22% | 0% | 0% | 6% | 24% | 159% | 274% | 24% | 162% | 278% |
| Second lowest | 0% | 36% | 0% | 0% | 24% | 0% | 215% | 505% | 0% | 235% | 519% |
| Lowest | 0% | 6% | 0% | 0% | 1% | 0% | 95% | 2,194% | 0% | 96% | 2,207% |
| Lifetime payroll tax quintile (shared) | |||||||||||
| Highest | 0% | 0% | 0% | 0% | 0% | 46% | 99% | 163% | 46% | 99% | 163% |
| Second highest | 0% | 3% | 0% | 0% | 0% | 44% | 131% | 267% | 44% | 131% | 268% |
| Middle | 0% | 17% | 0% | 0% | 4% | 35% | 158% | 359% | 35% | 160% | 370% |
| Second lowest | 0% | 35% | 0% | 0% | 21% | 0% | 188% | 575% | 0% | 199% | 580% |
| Lowest | 0% | 9% | 0% | 0% | 10% | 0% | 38% | 1,049% | 0% | 40% | 1,057% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: MINBEN OACT1001v1 02/20/2024 | |||||||||||
| NOTES: Start date = 2024.
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% | 13% | 0% | 0% | 6% | 0% | 120% | 357% | 0% | 121% | 367% |
| Sex | |||||||||||
| Female | 0% | 16% | 0% | 0% | 8% | 5% | 145% | 519% | 6% | 147% | 528% |
| Male | 0% | 10% | 0% | 0% | 3% | 0% | 103% | 246% | 0% | 103% | 257% |
| Race and ethnicity | |||||||||||
| Hispanic or Latino, any race | 0% | 16% | 0% | 0% | 10% | 0% | 125% | 401% | 0% | 127% | 412% |
| White, non-Hispanic | 0% | 11% | 0% | 0% | 3% | 17% | 120% | 343% | 18% | 121% | 352% |
| Black or African American, non-Hispanic | 0% | 15% | 0% | 0% | 10% | 0% | 118% | 333% | 0% | 121% | 349% |
| All other races, non-Hispanic | 0% | 8% | 0% | 0% | 0% | 0% | 105% | 349% | 0% | 106% | 358% |
| Country of birth | |||||||||||
| United States | 0% | 14% | 0% | 0% | 6% | 9% | 120% | 319% | 10% | 121% | 333% |
| Other countries | 0% | 11% | 0% | 0% | 5% | 0% | 121% | 565% | 0% | 123% | 570% |
| Highest education level | |||||||||||
| Graduate | 0% | 3% | 0% | 0% | 0% | 21% | 109% | 259% | 21% | 110% | 262% |
| Bachelor | 0% | 6% | 0% | 0% | 0% | 13% | 110% | 278% | 13% | 110% | 283% |
| Associate | 0% | 14% | 0% | 0% | 6% | 0% | 124% | 318% | 0% | 125% | 331% |
| High school | 0% | 18% | 0% | 0% | 11% | 0% | 129% | 441% | 0% | 132% | 452% |
| Less than high school | 0% | 19% | 0% | 0% | 14% | 0% | 125% | 594% | 0% | 129% | 594% |
| Current-law initial AIME quintile | |||||||||||
| Highest | 0% | 0% | 0% | 0% | 0% | 40% | 88% | 127% | 40% | 88% | 127% |
| Second highest | 0% | 0% | 0% | 0% | 0% | 34% | 118% | 177% | 34% | 118% | 177% |
| Middle | 0% | 23% | 0% | 0% | 8% | 30% | 144% | 246% | 30% | 146% | 251% |
| Second lowest | 0% | 34% | 0% | 0% | 23% | 9% | 196% | 466% | 9% | 210% | 480% |
| Lowest | 0% | 7% | 0% | 0% | 3% | 0% | 123% | 1,729% | 0% | 127% | 1,778% |
| Lifetime payroll tax quintile | |||||||||||
| Highest | 0% | 0% | 0% | 0% | 0% | 43% | 89% | 127% | 43% | 89% | 127% |
| Second highest | 0% | 0% | 0% | 0% | 0% | 38% | 119% | 179% | 38% | 119% | 179% |
| Middle | 0% | 20% | 0% | 0% | 6% | 27% | 144% | 249% | 28% | 145% | 252% |
| Second lowest | 0% | 37% | 0% | 0% | 23% | 13% | 192% | 442% | 14% | 206% | 450% |
| Lowest | 0% | 7% | 0% | 0% | 3% | 0% | 125% | 1,771% | 0% | 132% | 1,852% |
| Lifetime payroll tax quintile (shared) | |||||||||||
| Highest | 0% | 0% | 0% | 0% | 0% | 45% | 91% | 145% | 45% | 91% | 145% |
| Second highest | 0% | 3% | 0% | 0% | 0% | 46% | 122% | 227% | 46% | 122% | 229% |
| Middle | 0% | 15% | 0% | 0% | 4% | 31% | 140% | 302% | 31% | 141% | 309% |
| Second lowest | 0% | 36% | 0% | 0% | 20% | 11% | 172% | 532% | 13% | 185% | 537% |
| Lowest | 0% | 10% | 0% | 0% | 13% | 0% | 80% | 996% | 0% | 86% | 1,010% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: MINBEN OACT1001v1 02/20/2024 | |||||||||||
| NOTES: Start date = 2024.
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% | 12% | 0% | 0% | 5% | 0% | 125% | 366% | 0% | 126% | 383% |
| Sex | |||||||||||
| Female | 0% | 15% | 0% | 0% | 7% | 1% | 149% | 531% | 4% | 152% | 536% |
| Male | 0% | 10% | 0% | 0% | 2% | 0% | 107% | 252% | 0% | 108% | 263% |
| Race and ethnicity | |||||||||||
| Hispanic or Latino, any race | 0% | 16% | 0% | 0% | 9% | 0% | 129% | 400% | 0% | 131% | 415% |
| White, non-Hispanic | 0% | 10% | 0% | 0% | 1% | 21% | 126% | 363% | 22% | 127% | 373% |
| Black or African American, non-Hispanic | 0% | 15% | 0% | 0% | 10% | 0% | 121% | 306% | 0% | 123% | 319% |
| All other races, non-Hispanic | 0% | 8% | 0% | 0% | 0% | 0% | 113% | 335% | 0% | 113% | 355% |
| Country of birth | |||||||||||
| United States | 0% | 13% | 0% | 0% | 5% | 11% | 125% | 324% | 11% | 127% | 340% |
| Other countries | 0% | 10% | 0% | 0% | 4% | 0% | 123% | 516% | 0% | 124% | 526% |
| Highest education level | |||||||||||
| Graduate | 0% | 3% | 0% | 0% | 0% | 30% | 116% | 286% | 31% | 116% | 288% |
| Bachelor | 0% | 5% | 0% | 0% | 0% | 9% | 115% | 300% | 10% | 115% | 303% |
| Associate | 0% | 14% | 0% | 0% | 6% | 0% | 129% | 325% | 0% | 131% | 339% |
| High school | 0% | 17% | 0% | 0% | 10% | 0% | 133% | 439% | 0% | 134% | 449% |
| Less than high school | 0% | 18% | 0% | 0% | 14% | 0% | 129% | 578% | 0% | 132% | 582% |
| Current-law initial AIME quintile | |||||||||||
| Highest | 0% | 0% | 0% | 0% | 0% | 45% | 95% | 133% | 45% | 95% | 133% |
| Second highest | 0% | 0% | 0% | 0% | 0% | 43% | 124% | 181% | 43% | 124% | 181% |
| Middle | 0% | 23% | 0% | 0% | 8% | 23% | 149% | 251% | 24% | 151% | 255% |
| Second lowest | 0% | 32% | 0% | 0% | 23% | 0% | 208% | 500% | 0% | 221% | 512% |
| Lowest | 0% | 6% | 0% | 0% | 0% | 0% | 123% | 1,555% | 0% | 126% | 1,566% |
| Lifetime payroll tax quintile | |||||||||||
| Highest | 0% | 0% | 0% | 0% | 0% | 46% | 95% | 133% | 46% | 95% | 133% |
| Second highest | 0% | 0% | 0% | 0% | 0% | 44% | 123% | 182% | 44% | 123% | 182% |
| Middle | 0% | 21% | 0% | 0% | 6% | 30% | 149% | 254% | 32% | 151% | 258% |
| Second lowest | 0% | 34% | 0% | 0% | 23% | 2% | 202% | 466% | 2% | 217% | 476% |
| Lowest | 0% | 6% | 0% | 0% | 1% | 0% | 124% | 1,589% | 0% | 128% | 1,614% |
| Lifetime payroll tax quintile (shared) | |||||||||||
| Highest | 0% | 0% | 0% | 0% | 0% | 50% | 98% | 152% | 50% | 98% | 152% |
| Second highest | 0% | 3% | 0% | 0% | 0% | 46% | 125% | 235% | 46% | 125% | 237% |
| Middle | 0% | 16% | 0% | 0% | 4% | 36% | 146% | 316% | 37% | 147% | 324% |
| Second lowest | 0% | 34% | 0% | 0% | 20% | 8% | 183% | 543% | 9% | 195% | 546% |
| Lowest | 0% | 9% | 0% | 0% | 10% | 0% | 73% | 797% | 0% | 78% | 805% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: MINBEN OACT1001v1 02/20/2024 | |||||||||||
| NOTES: Start date = 2024.
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% | 9% | 0% | 0% | 0% | 24% | 46% | 80% | 24% | 47% | 83% |
| Sex | |||||||||||
| Female | 0% | 12% | 0% | 0% | 4% | 28% | 52% | 90% | 28% | 52% | 90% |
| Male | 0% | 6% | 0% | 0% | 0% | 22% | 42% | 66% | 22% | 42% | 68% |
| Race and ethnicity | |||||||||||
| Hispanic or Latino, any race | 0% | 14% | 0% | 0% | 8% | 27% | 51% | 86% | 28% | 52% | 90% |
| White, non-Hispanic | 0% | 7% | 0% | 0% | 0% | 23% | 44% | 76% | 23% | 44% | 79% |
| Black or African American, non-Hispanic | 0% | 10% | 0% | 0% | 0% | 27% | 50% | 86% | 28% | 51% | 90% |
| All other races, non-Hispanic | 0% | 6% | 0% | 0% | 0% | 26% | 48% | 90% | 27% | 49% | 90% |
| Country of birth | |||||||||||
| United States | 0% | 8% | 0% | 0% | 0% | 23% | 44% | 76% | 23% | 45% | 79% |
| Other countries | 0% | 11% | 0% | 0% | 3% | 29% | 53% | 90% | 29% | 54% | 90% |
| Highest education level | |||||||||||
| Graduate | 0% | 2% | 0% | 0% | 0% | 21% | 42% | 72% | 21% | 42% | 73% |
| Bachelor | 0% | 4% | 0% | 0% | 0% | 22% | 42% | 76% | 22% | 42% | 78% |
| Associate | 0% | 9% | 0% | 0% | 0% | 24% | 45% | 76% | 24% | 45% | 79% |
| High school | 0% | 12% | 0% | 0% | 4% | 26% | 48% | 83% | 26% | 48% | 87% |
| Less than high school | 0% | 16% | 0% | 0% | 9% | 32% | 57% | 90% | 33% | 58% | 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% | 2% | 0% | 0% | 0% | 28% | 44% | 64% | 28% | 44% | 64% |
| Second lowest | 0% | 29% | 0% | 0% | 16% | 38% | 51% | 79% | 38% | 53% | 84% |
| Lowest | 0% | 13% | 0% | 0% | 9% | 53% | 70% | 120% | 54% | 73% | 125% |
| 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% | 2% | 0% | 0% | 0% | 30% | 43% | 66% | 30% | 43% | 66% |
| Second lowest | 0% | 26% | 0% | 0% | 14% | 37% | 51% | 81% | 37% | 52% | 85% |
| Lowest | 0% | 15% | 0% | 0% | 14% | 51% | 68% | 112% | 53% | 71% | 117% |
| Lifetime payroll tax quintile (shared) | |||||||||||
| Highest | 0% | 1% | 0% | 0% | 0% | 17% | 36% | 54% | 17% | 36% | 54% |
| Second highest | 0% | 2% | 0% | 0% | 0% | 21% | 38% | 63% | 21% | 38% | 64% |
| Middle | 0% | 5% | 0% | 0% | 0% | 27% | 43% | 70% | 27% | 44% | 72% |
| Second lowest | 0% | 18% | 0% | 0% | 10% | 33% | 50% | 86% | 33% | 50% | 89% |
| Lowest | 0% | 17% | 0% | 0% | 15% | 45% | 63% | 90% | 46% | 64% | 99% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: MINBEN OACT1001v1 02/20/2024 | |||||||||||
| NOTES: Start date = 2024.
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% | 15% | 0% | 0% | 7% | 24% | 47% | 82% | 24% | 48% | 87% |
| Sex | |||||||||||
| Female | 0% | 19% | 0% | 0% | 12% | 27% | 52% | 90% | 28% | 54% | 92% |
| Male | 0% | 11% | 0% | 0% | 2% | 22% | 43% | 71% | 22% | 43% | 75% |
| Race and ethnicity | |||||||||||
| Hispanic or Latino, any race | 0% | 20% | 0% | 0% | 14% | 28% | 52% | 90% | 28% | 53% | 90% |
| White, non-Hispanic | 0% | 12% | 0% | 0% | 3% | 23% | 45% | 78% | 23% | 45% | 83% |
| Black or African American, non-Hispanic | 0% | 21% | 0% | 0% | 15% | 26% | 51% | 85% | 26% | 52% | 90% |
| All other races, non-Hispanic | 0% | 11% | 0% | 0% | 2% | 22% | 45% | 81% | 22% | 46% | 85% |
| Country of birth | |||||||||||
| United States | 0% | 14% | 0% | 0% | 7% | 23% | 46% | 78% | 23% | 46% | 84% |
| Other countries | 0% | 15% | 0% | 0% | 8% | 26% | 53% | 90% | 26% | 55% | 92% |
| Highest education level | |||||||||||
| Graduate | 0% | 3% | 0% | 0% | 0% | 21% | 41% | 74% | 21% | 41% | 76% |
| Bachelor | 0% | 5% | 0% | 0% | 0% | 21% | 42% | 79% | 21% | 42% | 80% |
| Associate | 0% | 16% | 0% | 0% | 9% | 24% | 46% | 74% | 25% | 47% | 80% |
| High school | 0% | 21% | 0% | 0% | 14% | 28% | 50% | 87% | 28% | 52% | 90% |
| Less than high school | 0% | 26% | 0% | 0% | 20% | 31% | 56% | 90% | 31% | 59% | 93% |
| 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% | 5% | 0% | 0% | 0% | 30% | 45% | 65% | 30% | 45% | 65% |
| Second lowest | 0% | 47% | 0% | 0% | 23% | 40% | 55% | 82% | 41% | 57% | 88% |
| Lowest | 0% | 21% | 0% | 0% | 22% | 56% | 73% | 124% | 58% | 78% | 129% |
| 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% | 6% | 0% | 0% | 0% | 30% | 45% | 67% | 30% | 45% | 68% |
| Second lowest | 0% | 44% | 0% | 0% | 21% | 38% | 54% | 82% | 39% | 56% | 89% |
| Lowest | 0% | 23% | 0% | 0% | 23% | 55% | 71% | 116% | 57% | 76% | 122% |
| Lifetime payroll tax quintile (shared) | |||||||||||
| Highest | 0% | 1% | 0% | 0% | 0% | 16% | 35% | 51% | 16% | 35% | 51% |
| Second highest | 0% | 3% | 0% | 0% | 0% | 22% | 39% | 62% | 22% | 39% | 62% |
| Middle | 0% | 9% | 0% | 0% | 0% | 28% | 45% | 72% | 28% | 46% | 75% |
| Second lowest | 0% | 31% | 0% | 0% | 17% | 35% | 52% | 85% | 35% | 54% | 90% |
| Lowest | 0% | 29% | 0% | 0% | 25% | 50% | 66% | 102% | 52% | 71% | 110% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: MINBEN OACT1001v1 02/20/2024 | |||||||||||
| NOTES: Start date = 2024.
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% | 14% | 0% | 0% | 7% | 24% | 47% | 83% | 24% | 48% | 88% |
| Sex | |||||||||||
| Female | 0% | 18% | 0% | 0% | 12% | 28% | 52% | 90% | 28% | 53% | 92% |
| Male | 0% | 11% | 0% | 0% | 2% | 22% | 43% | 72% | 22% | 44% | 76% |
| Race and ethnicity | |||||||||||
| Hispanic or Latino, any race | 0% | 19% | 0% | 0% | 12% | 27% | 50% | 89% | 27% | 51% | 90% |
| White, non-Hispanic | 0% | 12% | 0% | 0% | 4% | 23% | 45% | 80% | 23% | 46% | 84% |
| Black or African American, non-Hispanic | 0% | 18% | 0% | 0% | 11% | 29% | 53% | 84% | 29% | 53% | 90% |
| All other races, non-Hispanic | 0% | 10% | 0% | 0% | 0% | 24% | 45% | 85% | 24% | 46% | 90% |
| Country of birth | |||||||||||
| United States | 0% | 14% | 0% | 0% | 8% | 24% | 46% | 80% | 24% | 47% | 85% |
| Other countries | 0% | 14% | 0% | 0% | 5% | 27% | 53% | 90% | 27% | 54% | 90% |
| Highest education level | |||||||||||
| Graduate | 0% | 3% | 0% | 0% | 0% | 22% | 42% | 77% | 22% | 42% | 79% |
| Bachelor | 0% | 6% | 0% | 0% | 0% | 21% | 42% | 81% | 21% | 43% | 83% |
| Associate | 0% | 15% | 0% | 0% | 8% | 25% | 46% | 77% | 26% | 47% | 82% |
| High school | 0% | 21% | 0% | 0% | 14% | 28% | 51% | 87% | 28% | 52% | 90% |
| Less than high school | 0% | 25% | 0% | 0% | 17% | 31% | 55% | 90% | 31% | 58% | 90% |
| Current-law initial AIME quintile | |||||||||||
| Highest | 0% | 0% | 0% | 0% | 0% | 16% | 31% | 46% | 15% | 31% | 46% |
| Second highest | 0% | 0% | 0% | 0% | 0% | 24% | 39% | 57% | 24% | 39% | 57% |
| Middle | 0% | 6% | 0% | 0% | 0% | 31% | 45% | 65% | 31% | 46% | 65% |
| Second lowest | 0% | 45% | 0% | 0% | 22% | 40% | 54% | 81% | 42% | 57% | 88% |
| Lowest | 0% | 20% | 0% | 0% | 20% | 57% | 74% | 125% | 59% | 80% | 130% |
| 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% | 5% | 0% | 0% | 0% | 31% | 45% | 67% | 31% | 45% | 67% |
| Second lowest | 0% | 43% | 0% | 0% | 20% | 39% | 53% | 81% | 40% | 56% | 88% |
| Lowest | 0% | 23% | 0% | 0% | 23% | 56% | 73% | 118% | 58% | 78% | 126% |
| Lifetime payroll tax quintile (shared) | |||||||||||
| Highest | 0% | 0% | 0% | 0% | 0% | 16% | 35% | 51% | 16% | 35% | 51% |
| Second highest | 0% | 3% | 0% | 0% | 0% | 23% | 40% | 63% | 23% | 40% | 63% |
| Middle | 0% | 9% | 0% | 0% | 0% | 29% | 45% | 72% | 29% | 46% | 73% |
| Second lowest | 0% | 32% | 0% | 0% | 17% | 35% | 52% | 86% | 35% | 54% | 90% |
| Lowest | 0% | 27% | 0% | 0% | 24% | 50% | 67% | 104% | 52% | 72% | 111% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: MINBEN OACT1001v1 02/20/2024 | |||||||||||
| NOTES: Start date = 2024.
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% | 14% | 0% | 0% | 6% | 23% | 47% | 84% | 23% | 48% | 89% |
| Sex | |||||||||||
| Female | 0% | 18% | 0% | 0% | 11% | 28% | 53% | 90% | 28% | 53% | 94% |
| Male | 0% | 11% | 0% | 0% | 2% | 22% | 43% | 72% | 22% | 43% | 76% |
| Race and ethnicity | |||||||||||
| Hispanic or Latino, any race | 0% | 19% | 0% | 0% | 12% | 26% | 50% | 88% | 26% | 51% | 90% |
| White, non-Hispanic | 0% | 11% | 0% | 0% | 2% | 22% | 45% | 81% | 22% | 46% | 85% |
| Black or African American, non-Hispanic | 0% | 18% | 0% | 0% | 12% | 27% | 52% | 84% | 28% | 52% | 90% |
| All other races, non-Hispanic | 0% | 10% | 0% | 0% | 0% | 22% | 43% | 83% | 22% | 44% | 85% |
| Country of birth | |||||||||||
| United States | 0% | 14% | 0% | 0% | 6% | 23% | 46% | 80% | 23% | 47% | 86% |
| Other countries | 0% | 14% | 0% | 0% | 6% | 26% | 52% | 90% | 26% | 52% | 90% |
| Highest education level | |||||||||||
| Graduate | 0% | 4% | 0% | 0% | 0% | 21% | 42% | 79% | 21% | 43% | 80% |
| Bachelor | 0% | 6% | 0% | 0% | 0% | 21% | 42% | 82% | 21% | 42% | 85% |
| Associate | 0% | 15% | 0% | 0% | 7% | 23% | 46% | 76% | 24% | 47% | 82% |
| High school | 0% | 20% | 0% | 0% | 13% | 27% | 50% | 89% | 27% | 51% | 90% |
| Less than high school | 0% | 24% | 0% | 0% | 18% | 31% | 56% | 90% | 32% | 58% | 92% |
| 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% | 6% | 0% | 0% | 0% | 31% | 45% | 65% | 31% | 46% | 65% |
| Second lowest | 0% | 46% | 0% | 0% | 22% | 40% | 55% | 82% | 41% | 57% | 89% |
| Lowest | 0% | 19% | 0% | 0% | 20% | 57% | 75% | 133% | 59% | 80% | 136% |
| 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% | 5% | 0% | 0% | 0% | 31% | 45% | 66% | 31% | 45% | 66% |
| Second lowest | 0% | 45% | 0% | 0% | 21% | 38% | 54% | 84% | 39% | 56% | 90% |
| Lowest | 0% | 21% | 0% | 0% | 24% | 56% | 74% | 124% | 59% | 79% | 131% |
| Lifetime payroll tax quintile (shared) | |||||||||||
| Highest | 0% | 0% | 0% | 0% | 0% | 16% | 35% | 50% | 16% | 35% | 50% |
| Second highest | 0% | 3% | 0% | 0% | 0% | 22% | 40% | 62% | 22% | 40% | 63% |
| Middle | 0% | 8% | 0% | 0% | 0% | 27% | 45% | 72% | 27% | 45% | 73% |
| Second lowest | 0% | 33% | 0% | 0% | 17% | 35% | 53% | 85% | 36% | 54% | 90% |
| Lowest | 0% | 26% | 0% | 0% | 24% | 51% | 67% | 108% | 53% | 73% | 117% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: MINBEN OACT1001v1 02/20/2024 | |||||||||||
| NOTES: Start date = 2024.
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 B5.2.