Short-Range Actuarial Projections of the Old-Age, Survivors, and Disability Insurance Program, 2001
Actuarial Study No. 115
Chris Motsiopoulos and Tim Zayatz, A.S.A.
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II. ASSUMPTIONS

Table II.2—Average Amount of Total Wages 1
(Calendar years 1951-2010)
Calendar year
  Average wage
1951
$2,799.16
1952
2,973.32
1953
3,139.44
1954
3,155.64
1955
3,301.44
1956
3,532.36
1957
3,641.72
1958
3,673.80
1959
3,855.80
1960
4,007.12
1961
4,086.76
1962
4,291.40
1963
4,396.64
1964
4,576.32
1965
4,658.72
1966
4,938.36
1967
5,213.44
1968
5,571.76
1969
5,893.76
1970
6,186.24
1971
6,497.08
1972
7,133.80
1973
7,580.16
1974
8,030.76
1975
8,630.92
1976
9,226.48
1977
9,779.44
1978
10,556.03
1979
11,479.46
1980
12,513.46
1981
13,773.10
1982
14,531.34
1983
15,239.24
1984
16,135.07
1985
16,822.51
1986
17,321.82
1987
18,426.51
1988
19,334.04
1989
20,099.55
1990
21,027.98
1991
21,811.60
1992
22,935.42
1993
23,132.67
1994
23,753.53
1995
24,705.66
1996
25,913.90
1997
27,426.00
1998
28,861.44
1999
30,469.84
2000
32,104.67
2001
33,680.35
2002
35,277.03
2003
36,781.09
2004
38,372.33
2005
40,044.65
2006
41,799.45
2007
43,575.71
2008
45,416.27
2009
47,350.68
2010
49,366.08

1 Average wages used for Social Security indexing purposes.

Sources:

· Historical figures published in various issues of the Federal Register.

· Figures for 2000 and later projected by the Office of the Chief Actuary.

Note: Future estimates based on 2001 Trustees Report intermediate set of assumptions.
See tables V.A2 and V.B2 for low-cost and high-cost alternatives, respectively.

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December 26, 2001