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Projected Effects of a Proposal to Increase the Early Eligibility Age (EEA) and
Full Retirement Age (FRA)
Details: One month every 2 years
Table user guide | Projection methodology | All options comparison | Current EEA and FRA | 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 | 4% | 0% | 0% | 0% | 0% |
| Sex | |||||
| Female | 4% | 0% | 0% | 0% | 0% |
| Male | 4% | 0% | 0% | 0% | 0% |
| Race and ethnicity | |||||
| Hispanic or Latino, any race | 7% | 0% | 0% | 0% | 0% |
| White, non-Hispanic | 4% | 0% | 0% | 0% | 0% |
| Black or African American, non-Hispanic | 5% | 0% | 0% | 0% | 0% |
| All other races, non-Hispanic | 4% | 0% | 0% | 0% | 0% |
| Country of birth | |||||
| United States | 4% | 0% | 0% | 0% | 0% |
| Other countries | 6% | 0% | 0% | 0% | 0% |
| Age | |||||
| 60–69 | 13% | 0% | -1% | 0% | 0% |
| 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 | 4% | 0% | 0% | 0% | 0% |
| Divorced | 4% | 0% | 0% | 0% | 0% |
| Widowed | 4% | 0% | 0% | 0% | 0% |
| Never married | 5% | 0% | 0% | 0% | 0% |
| Highest education level | |||||
| Graduate | 3% | 0% | 0% | 0% | 0% |
| Bachelor | 4% | 0% | 0% | 0% | 0% |
| Associate | 4% | 0% | 0% | 0% | 0% |
| High school | 4% | 0% | 0% | 0% | 0% |
| Less than high school | 5% | 0% | 0% | 0% | 0% |
| Current-law poverty status | |||||
| Above poverty | 4% | 0% | 0% | 0% | 0% |
| In poverty | 6% | 0% | 0% | 0% | 0% |
| Current-law household income quintile | |||||
| Highest | 4% | 0% | 0% | 0% | 0% |
| Second highest | 4% | 0% | 0% | 0% | 0% |
| Middle | 4% | 0% | 0% | 0% | 0% |
| Second lowest | 4% | 0% | 0% | 0% | 0% |
| Lowest | 5% | 0% | 0% | 0% | 0% |
| Current-law benefit type | |||||
| Retired worker only | 5% | 0% | 0% | 0% | 0% |
| Widow(er) (includes dually entitled) | 3% | 0% | 0% | 0% | 0% |
| Spousal (includes dually entitled) | 4% | 0% | 0% | 0% | 0% |
| Disabled worker only | 0% | 0% | 0% | 0% | 0% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: NRA 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 | 47% | 0% | -5% | 0% | 0% |
| Sex | |||||
| Female | 47% | 0% | -5% | 0% | 0% |
| Male | 48% | 0% | -5% | 0% | 0% |
| Race and ethnicity | |||||
| Hispanic or Latino, any race | 48% | 0% | -5% | 0% | 0% |
| White, non-Hispanic | 46% | 0% | -5% | 0% | 0% |
| Black or African American, non-Hispanic | 46% | 0% | -5% | 0% | 0% |
| All other races, non-Hispanic | 55% | 0% | -5% | -1% | 0% |
| Country of birth | |||||
| United States | 46% | 0% | -5% | 0% | 0% |
| Other countries | 52% | 0% | -5% | -1% | 0% |
| Age | |||||
| 60–69 | 53% | 1% | -7% | -1% | 0% |
| 70–79 | 61% | 0% | -5% | -2% | 0% |
| 80–89 | 39% | 0% | -2% | 0% | 0% |
| 90 or older | 0% | 0% | 0% | 0% | 0% |
| Marital status | |||||
| Married | 52% | 0% | -5% | -1% | 0% |
| Divorced | 46% | 0% | -5% | 0% | 0% |
| Widowed | 34% | 0% | -3% | 0% | 0% |
| Never married | 51% | 0% | -6% | -1% | 0% |
| Highest education level | |||||
| Graduate | 55% | 0% | -5% | -1% | 0% |
| Bachelor | 53% | 0% | -5% | -1% | 0% |
| Associate | 44% | 0% | -5% | 0% | 0% |
| High school | 43% | 0% | -5% | 0% | 0% |
| Less than high school | 46% | 0% | -6% | 0% | 0% |
| Current-law poverty status | |||||
| Above poverty | 48% | 0% | -5% | 0% | 0% |
| In poverty | 39% | 0% | -5% | 0% | 0% |
| Current-law household income quintile | |||||
| Highest | 57% | 0% | -5% | -1% | 0% |
| Second highest | 52% | 0% | -5% | -1% | 0% |
| Middle | 46% | 0% | -5% | 0% | 0% |
| Second lowest | 42% | 0% | -5% | 0% | 0% |
| Lowest | 40% | 0% | -5% | 0% | 0% |
| Current-law benefit type | |||||
| Retired worker only | 53% | 0% | -5% | -1% | 0% |
| Widow(er) (includes dually entitled) | 29% | 1% | -3% | 0% | 0% |
| Spousal (includes dually entitled) | 50% | 0% | -6% | -1% | 0% |
| Disabled worker only | 0% | 0% | 0% | 0% | 0% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: NRA 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 | 64% | 2% | -11% | -3% | 0% |
| Sex | |||||
| Female | 65% | 2% | -11% | -3% | 0% |
| Male | 62% | 3% | -11% | -3% | 0% |
| Race and ethnicity | |||||
| Hispanic or Latino, any race | 61% | 2% | -11% | -2% | 0% |
| White, non-Hispanic | 65% | 2% | -10% | -3% | 0% |
| Black or African American, non-Hispanic | 59% | 2% | -11% | -2% | 0% |
| All other races, non-Hispanic | 73% | 2% | -11% | -4% | 0% |
| Country of birth | |||||
| United States | 63% | 2% | -10% | -3% | 0% |
| Other countries | 69% | 2% | -11% | -3% | 0% |
| Age | |||||
| 60–69 | 58% | 2% | -33% | -2% | 0% |
| 70–79 | 68% | 3% | -10% | -3% | 0% |
| 80–89 | 64% | 2% | -7% | -3% | 0% |
| 90 or older | 65% | 0% | -5% | -2% | 0% |
| Marital status | |||||
| Married | 64% | 2% | -11% | -3% | 0% |
| Divorced | 62% | 3% | -10% | -3% | 0% |
| Widowed | 62% | 2% | -8% | -2% | 0% |
| Never married | 66% | 2% | -11% | -3% | 0% |
| Highest education level | |||||
| Graduate | 73% | 2% | -11% | -4% | 0% |
| Bachelor | 72% | 2% | -10% | -4% | 0% |
| Associate | 60% | 3% | -11% | -2% | 0% |
| High school | 58% | 2% | -11% | -2% | 0% |
| Less than high school | 59% | 2% | -11% | -2% | 0% |
| Current-law poverty status | |||||
| Above poverty | 64% | 2% | -11% | -3% | 0% |
| In poverty | 67% | 2% | -12% | -2% | 0% |
| Current-law household income quintile | |||||
| Highest | 72% | 2% | -11% | -4% | 0% |
| Second highest | 68% | 2% | -11% | -4% | 0% |
| Middle | 63% | 3% | -11% | -3% | 0% |
| Second lowest | 59% | 2% | -10% | -2% | 0% |
| Lowest | 57% | 2% | -10% | -2% | 0% |
| Current-law benefit type | |||||
| Retired worker only | 69% | 2% | -11% | -4% | 0% |
| Widow(er) (includes dually entitled) | 52% | 4% | -7% | -1% | 0% |
| Spousal (includes dually entitled) | 65% | 1% | -13% | -2% | 0% |
| Disabled worker only | 0% | 0% | 0% | 0% | 0% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: NRA 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 | $0 |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: NRA OACT1001v1 02/20/2024 | ||||||||
| NOTES: Start date = 2024.
%ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
||||||||
| Characteristic | Percent of population with a— |
Percent change in Social Security taxes paid at the— | Change in taxes paid (in 2024$) 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 | $0 |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: NRA OACT1001v1 02/20/2024 | ||||||||
| NOTES: Start date = 2024.
%ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
||||||||
| Characteristic | Percent of population with a— |
Percent change in Social Security taxes paid at the— | Change in taxes paid (in 2024$) 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: NRA 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 | 1% | 0% | 0% | 0% | 0% |
| Sex | |||||
| Female | 1% | 0% | 0% | 0% | 0% |
| Male | 1% | 0% | 0% | 0% | 0% |
| Race and ethnicity | |||||
| Hispanic or Latino, any race | 2% | 0% | 0% | 0% | 0% |
| White, non-Hispanic | 1% | 0% | 0% | 0% | 0% |
| Black or African American, non-Hispanic | 1% | 0% | 0% | 0% | 0% |
| All other races, non-Hispanic | 1% | 0% | 0% | 0% | 0% |
| Country of birth | |||||
| United States | 1% | 0% | 0% | 0% | 0% |
| Other countries | 1% | 0% | 0% | 0% | 0% |
| Age | |||||
| 60–69 | 2% | 0% | 0% | 0% | 0% |
| 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% | 0% | 0% | 0% | 0% |
| Divorced | 1% | 0% | 0% | 0% | 0% |
| Widowed | 2% | 0% | 0% | 0% | 0% |
| Never married | 1% | 0% | 0% | 0% | 0% |
| Highest education level | |||||
| Graduate | 0% | 0% | 0% | 0% | 0% |
| Bachelor | 0% | 0% | 0% | 0% | 0% |
| Associate | 1% | 0% | 0% | 0% | 0% |
| High school | 1% | 0% | 0% | 0% | 0% |
| Less than high school | 2% | 0% | 0% | 0% | 0% |
| Current-law poverty status | |||||
| Above poverty | 1% | 0% | 0% | 0% | 0% |
| In poverty | 4% | 0% | 0% | 0% | 0% |
| Current-law household income quintile | |||||
| Highest | 0% | 0% | 0% | 0% | 0% |
| Second highest | 0% | 0% | 0% | 0% | 0% |
| Middle | 0% | 0% | 0% | 0% | 0% |
| Second lowest | 1% | 0% | 0% | 0% | 0% |
| Lowest | 3% | 0% | 0% | 0% | 0% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: NRA 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 | 31% | 0% | -2% | 0% | 0% |
| Sex | |||||
| Female | 31% | 0% | -2% | 0% | 0% |
| Male | 32% | 0% | -2% | 0% | 0% |
| Race and ethnicity | |||||
| Hispanic or Latino, any race | 36% | 0% | -3% | 0% | 0% |
| White, non-Hispanic | 30% | 0% | -2% | 0% | 0% |
| Black or African American, non-Hispanic | 33% | 0% | -3% | 0% | 0% |
| All other races, non-Hispanic | 31% | 0% | -2% | 0% | 0% |
| Country of birth | |||||
| United States | 31% | 0% | -2% | 0% | 0% |
| Other countries | 34% | 0% | -2% | 0% | 0% |
| Age | |||||
| 60–69 | 43% | 1% | -4% | 0% | 0% |
| 70–79 | 43% | 0% | -2% | 0% | 0% |
| 80–89 | 14% | 0% | -1% | 0% | 0% |
| 90 or older | 0% | 0% | 0% | 0% | 0% |
| Marital status | |||||
| Married | 36% | 0% | -2% | 0% | 0% |
| Divorced | 30% | 0% | -2% | 0% | 0% |
| Widowed | 19% | 0% | -1% | 0% | 0% |
| Never married | 34% | 0% | -3% | 0% | 0% |
| Highest education level | |||||
| Graduate | 26% | 0% | -1% | 0% | 0% |
| Bachelor | 29% | 0% | -2% | 0% | 0% |
| Associate | 33% | 0% | -2% | 0% | 0% |
| High school | 33% | 0% | -2% | 0% | 0% |
| Less than high school | 38% | 0% | -3% | 0% | 0% |
| Current-law household income quintile | |||||
| Highest | 12% | 0% | -1% | 0% | 0% |
| Second highest | 31% | 0% | -1% | 0% | 0% |
| Middle | 37% | 0% | -2% | 0% | 0% |
| Second lowest | 40% | 0% | -3% | 0% | 0% |
| Lowest | 37% | 0% | -4% | 0% | 0% |
| Current-law benefit type | |||||
| Retired worker only | 35% | 0% | -2% | 0% | 0% |
| Widow(er) (includes dually entitled) | 19% | 1% | -2% | 0% | 0% |
| Spousal (includes dually entitled) | 36% | 0% | -2% | 0% | 0% |
| Disabled worker only | 8% | 0% | 0% | 0% | 0% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: NRA 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 | 54% | 1% | -6% | -1% | 0% |
| Sex | |||||
| Female | 56% | 1% | -6% | -1% | 0% |
| Male | 53% | 1% | -6% | -1% | 0% |
| Race and ethnicity | |||||
| Hispanic or Latino, any race | 54% | 1% | -7% | -1% | 0% |
| White, non-Hispanic | 55% | 1% | -5% | -1% | 0% |
| Black or African American, non-Hispanic | 50% | 1% | -7% | -1% | 0% |
| All other races, non-Hispanic | 56% | 1% | -6% | -1% | 0% |
| Country of birth | |||||
| United States | 54% | 1% | -6% | -1% | 0% |
| Other countries | 56% | 1% | -6% | -1% | 0% |
| Age | |||||
| 60–69 | 52% | 1% | -10% | -1% | 0% |
| 70–79 | 58% | 1% | -6% | -1% | 0% |
| 80–89 | 55% | 1% | -4% | -1% | 0% |
| 90 or older | 45% | 0% | -3% | 0% | 0% |
| Marital status | |||||
| Married | 61% | 1% | -6% | -1% | 0% |
| Divorced | 49% | 2% | -6% | 0% | 0% |
| Widowed | 46% | 1% | -5% | 0% | 0% |
| Never married | 51% | 1% | -7% | -1% | 0% |
| Highest education level | |||||
| Graduate | 54% | 1% | -5% | -1% | 0% |
| Bachelor | 56% | 1% | -5% | -1% | 0% |
| Associate | 54% | 1% | -6% | -1% | 0% |
| High school | 54% | 1% | -6% | -1% | 0% |
| Less than high school | 53% | 1% | -7% | -1% | 0% |
| Current-law poverty status | |||||
| Above poverty | 54% | 1% | -6% | -1% | 0% |
| In poverty | 60% | 2% | -10% | -1% | 0% |
| Current-law household income quintile | |||||
| Highest | 36% | 0% | -2% | 0% | 0% |
| Second highest | 59% | 1% | -4% | -1% | 0% |
| Middle | 62% | 1% | -5% | -1% | 0% |
| Second lowest | 59% | 1% | -7% | -2% | 0% |
| Lowest | 55% | 2% | -9% | -1% | 0% |
| Current-law benefit type | |||||
| Retired worker only | 58% | 1% | -6% | -1% | 0% |
| Widow(er) (includes dually entitled) | 41% | 2% | -4% | 0% | 0% |
| Spousal (includes dually entitled) | 63% | 0% | -6% | -1% | 0% |
| Disabled worker only | 8% | 0% | 0% | 0% | 0% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: NRA 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 | 3,480 | 14 | 0% |
| Sex | ||||||
| Female | 5% | 5% | 1,958 | 1,972 | 13 | 0% |
| Male | 5% | 5% | 1,507 | 1,508 | 1 | 0% |
| Race and ethnicity | ||||||
| Hispanic or Latino, any race | 8% | 9% | 672 | 676 | 4 | 0% |
| White, non-Hispanic | 4% | 4% | 1,943 | 1,950 | 7 | 0% |
| Black or African American, non-Hispanic | 8% | 8% | 577 | 581 | 3 | 0% |
| All other races, non-Hispanic | 7% | 7% | 273 | 273 | 0 | 0% |
| Country of birth | ||||||
| United States | 4% | 4% | 2,486 | 2,493 | 7 | 0% |
| Other countries | 9% | 9% | 979 | 987 | 7 | 0% |
| Age | ||||||
| 60–69 | 7% | 7% | 1,655 | 1,670 | 14 | 0% |
| 70–79 | 4% | 4% | 1,346 | 1,346 | 0 | 0% |
| 80–89 | 3% | 3% | 417 | 417 | 0 | 0% |
| 90 or older | 2% | 2% | 46 | 46 | 0 | 0% |
| Marital status | ||||||
| Married | 2% | 2% | 646 | 647 | 1 | 0% |
| Divorced | 9% | 9% | 1,175 | 1,175 | 0 | 0% |
| Widowed | 6% | 6% | 813 | 827 | 13 | 1% |
| Never married | 16% | 16% | 832 | 832 | 0 | 0% |
| Highest education level | ||||||
| Graduate | 1% | 1% | 91 | 91 | 0 | 0% |
| Bachelor | 2% | 2% | 322 | 323 | 0 | 0% |
| Associate | 4% | 4% | 694 | 699 | 4 | 0% |
| High school | 6% | 6% | 1,593 | 1,597 | 4 | 0% |
| Less than high school | 13% | 13% | 765 | 770 | 5 | 0% |
| Current-law benefit type | ||||||
| Retired worker only | 5% | 5% | 2,355 | 2,361 | 5 | 0% |
| Widow(er) (includes dually entitled) | 6% | 6% | 664 | 673 | 9 | 1% |
| Spousal (includes dually entitled) | 3% | 3% | 189 | 189 | 0 | 0% |
| Disabled worker only | 9% | 9% | 257 | 257 | 0 | 0% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: NRA 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 | 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% | 3,782 | 4,153 | 371 | 9% |
| Sex | ||||||
| Female | 5% | 5% | 2,099 | 2,277 | 178 | 8% |
| Male | 4% | 5% | 1,683 | 1,876 | 193 | 11% |
| Race and ethnicity | ||||||
| Hispanic or Latino, any race | 7% | 8% | 1,058 | 1,163 | 104 | 9% |
| White, non-Hispanic | 3% | 4% | 1,741 | 1,949 | 207 | 11% |
| Black or African American, non-Hispanic | 7% | 8% | 657 | 687 | 30 | 4% |
| All other races, non-Hispanic | 5% | 6% | 326 | 354 | 28 | 8% |
| Country of birth | ||||||
| United States | 4% | 4% | 2,511 | 2,801 | 290 | 11% |
| Other countries | 7% | 7% | 1,271 | 1,352 | 80 | 6% |
| Age | ||||||
| 60–69 | 6% | 7% | 1,402 | 1,674 | 271 | 19% |
| 70–79 | 4% | 5% | 1,337 | 1,404 | 66 | 5% |
| 80–89 | 4% | 4% | 873 | 905 | 32 | 3% |
| 90 or older | 2% | 2% | 170 | 170 | 0 | 0% |
| Marital status | ||||||
| Married | 2% | 2% | 711 | 830 | 118 | 16% |
| Divorced | 7% | 8% | 1,070 | 1,190 | 120 | 11% |
| Widowed | 5% | 6% | 817 | 874 | 56 | 6% |
| Never married | 12% | 13% | 1,183 | 1,259 | 75 | 6% |
| Highest education level | ||||||
| Graduate | 1% | 2% | 169 | 193 | 23 | 13% |
| Bachelor | 2% | 2% | 344 | 389 | 45 | 13% |
| Associate | 3% | 4% | 630 | 710 | 79 | 12% |
| High school | 6% | 7% | 1,694 | 1,850 | 155 | 9% |
| Less than high school | 12% | 13% | 944 | 1,011 | 66 | 7% |
| Current-law poverty status | ||||||
| Above poverty | 0% | 0% | 0 | 373 | 373 | . . . |
| In poverty | 100% | 100% | 3,782 | 3,780 | -2 | 0% |
| Current-law benefit type | ||||||
| Retired worker only | 5% | 5% | 2,839 | 3,126 | 286 | 10% |
| Widow(er) (includes dually entitled) | 4% | 5% | 508 | 568 | 59 | 11% |
| Spousal (includes dually entitled) | 3% | 4% | 218 | 241 | 23 | 10% |
| Disabled worker only | 7% | 7% | 216 | 217 | 1 | 0% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: NRA 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% | 4% | 2,822 | 3,401 | 579 | 20% |
| Sex | ||||||
| Female | 3% | 4% | 1,527 | 1,756 | 229 | 15% |
| Male | 3% | 4% | 1,296 | 1,645 | 349 | 27% |
| Race and ethnicity | ||||||
| Hispanic or Latino, any race | 4% | 5% | 963 | 1,161 | 197 | 20% |
| White, non-Hispanic | 2% | 3% | 1,125 | 1,384 | 259 | 23% |
| Black or African American, non-Hispanic | 5% | 5% | 426 | 489 | 62 | 14% |
| All other races, non-Hispanic | 3% | 4% | 309 | 368 | 59 | 19% |
| Country of birth | ||||||
| United States | 2% | 3% | 1,770 | 2,210 | 439 | 24% |
| Other countries | 5% | 6% | 1,052 | 1,192 | 139 | 13% |
| Age | ||||||
| 60–69 | 4% | 5% | 945 | 1,305 | 360 | 38% |
| 70–79 | 3% | 3% | 1,057 | 1,207 | 149 | 14% |
| 80–89 | 3% | 3% | 628 | 684 | 55 | 8% |
| 90 or older | 2% | 2% | 192 | 205 | 13 | 6% |
| Marital status | ||||||
| Married | 1% | 1% | 470 | 636 | 166 | 35% |
| Divorced | 4% | 4% | 687 | 822 | 135 | 19% |
| Widowed | 3% | 4% | 486 | 569 | 82 | 16% |
| Never married | 7% | 8% | 1,179 | 1,374 | 195 | 16% |
| Highest education level | ||||||
| Graduate | 1% | 1% | 156 | 203 | 46 | 29% |
| Bachelor | 1% | 2% | 216 | 291 | 75 | 34% |
| Associate | 2% | 3% | 460 | 585 | 125 | 27% |
| High school | 4% | 5% | 1,229 | 1,461 | 232 | 18% |
| Less than high school | 8% | 9% | 761 | 860 | 99 | 13% |
| Current-law poverty status | ||||||
| Above poverty | 0% | 1% | 0 | 592 | 591 | . . . |
| In poverty | 100% | 100% | 2,822 | 2,809 | -12 | 0% |
| Current-law benefit type | ||||||
| Retired worker only | 3% | 4% | 2,197 | 2,680 | 482 | 21% |
| Widow(er) (includes dually entitled) | 3% | 3% | 314 | 383 | 69 | 22% |
| Spousal (includes dually entitled) | 2% | 3% | 156 | 183 | 27 | 17% |
| Disabled worker only | 4% | 4% | 156 | 156 | 0 | 0% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: NRA 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 | 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 | 22% | 0% | -1% | 0% | 0% | 6% | 145% | 450% | 6% | 144% | 449% |
| Sex | |||||||||||
| Female | 21% | 0% | -1% | 0% | 0% | 26% | 182% | 644% | 26% | 181% | 643% |
| Male | 23% | 0% | -1% | 0% | 0% | 0% | 119% | 266% | 0% | 118% | 264% |
| Race and ethnicity | |||||||||||
| Hispanic or Latino, any race | 22% | 0% | -1% | 0% | 0% | 0% | 162% | 569% | 0% | 161% | 569% |
| White, non-Hispanic | 22% | 0% | -1% | 0% | 0% | 15% | 140% | 406% | 15% | 140% | 404% |
| Black or African American, non-Hispanic | 20% | 0% | -1% | 0% | 0% | 0% | 149% | 473% | 0% | 148% | 473% |
| All other races, non-Hispanic | 24% | 0% | -1% | 0% | 0% | 0% | 146% | 508% | 0% | 145% | 504% |
| Country of birth | |||||||||||
| United States | 22% | 0% | -1% | 0% | 0% | 12% | 141% | 416% | 12% | 140% | 413% |
| Other countries | 24% | 0% | -1% | 0% | 0% | 0% | 164% | 599% | 0% | 163% | 597% |
| Highest education level | |||||||||||
| Graduate | 32% | 0% | -1% | 0% | 0% | 23% | 125% | 264% | 23% | 124% | 263% |
| Bachelor | 29% | 0% | -1% | 0% | 0% | 22% | 137% | 362% | 22% | 136% | 359% |
| Associate | 20% | 0% | -1% | 0% | 0% | 12% | 146% | 393% | 12% | 145% | 393% |
| High school | 19% | 0% | -1% | 0% | 0% | 0% | 153% | 519% | 0% | 152% | 519% |
| Less than high school | 15% | 0% | -1% | 0% | 0% | 0% | 161% | 803% | 0% | 160% | 803% |
| Current-law initial AIME quintile | |||||||||||
| Highest | 38% | 0% | -1% | 0% | 0% | 39% | 108% | 157% | 39% | 107% | 156% |
| Second highest | 26% | 0% | -1% | 0% | 0% | 24% | 134% | 201% | 24% | 133% | 200% |
| Middle | 19% | 0% | -1% | 0% | 0% | 14% | 160% | 270% | 14% | 159% | 269% |
| Second lowest | 15% | 0% | -1% | 0% | 0% | 23% | 228% | 504% | 22% | 227% | 504% |
| Lowest | 12% | 0% | -1% | 0% | 0% | 0% | 254% | 1,561% | 0% | 253% | 1,551% |
| Lifetime payroll tax quintile | |||||||||||
| Highest | 38% | 0% | -1% | 0% | 0% | 47% | 108% | 152% | 46% | 108% | 151% |
| Second highest | 26% | 0% | -1% | 0% | 0% | 25% | 136% | 202% | 25% | 135% | 201% |
| Middle | 19% | 0% | -1% | 0% | 0% | 15% | 161% | 267% | 15% | 161% | 266% |
| Second lowest | 17% | 0% | -1% | 0% | 0% | 18% | 218% | 454% | 18% | 217% | 450% |
| Lowest | 11% | 0% | -1% | 0% | 0% | 0% | 308% | 1,585% | 0% | 306% | 1,581% |
| Lifetime payroll tax quintile (shared) | |||||||||||
| Highest | 39% | 0% | -1% | 0% | 0% | 56% | 115% | 194% | 55% | 115% | 192% |
| Second highest | 24% | 0% | -1% | 0% | 0% | 36% | 139% | 269% | 36% | 138% | 269% |
| Middle | 18% | 0% | -1% | 0% | 0% | 19% | 160% | 363% | 19% | 159% | 362% |
| Second lowest | 18% | 0% | -1% | 0% | 0% | 6% | 185% | 516% | 6% | 184% | 516% |
| Lowest | 11% | 0% | -1% | 0% | 0% | 0% | 205% | 1,138% | 0% | 204% | 1,138% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: NRA 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 | 61% | 0% | -8% | -5% | 0% | 0% | 129% | 404% | 0% | 123% | 394% |
| Sex | |||||||||||
| Female | 63% | 0% | -8% | -4% | 0% | 0% | 156% | 570% | 0% | 149% | 556% |
| Male | 59% | 0% | -8% | -5% | 0% | 0% | 110% | 275% | 0% | 105% | 267% |
| Race and ethnicity | |||||||||||
| Hispanic or Latino, any race | 54% | 0% | -8% | -5% | 0% | 0% | 133% | 447% | 0% | 127% | 440% |
| White, non-Hispanic | 66% | 0% | -8% | -5% | 0% | 11% | 130% | 403% | 10% | 124% | 393% |
| Black or African American, non-Hispanic | 51% | 0% | -8% | -4% | 0% | 0% | 130% | 355% | 0% | 123% | 346% |
| All other races, non-Hispanic | 61% | 0% | -8% | -5% | 0% | 0% | 104% | 383% | 0% | 99% | 369% |
| Country of birth | |||||||||||
| United States | 63% | 0% | -8% | -5% | 0% | 6% | 130% | 369% | 5% | 124% | 356% |
| Other countries | 54% | 0% | -8% | -5% | 0% | 0% | 125% | 602% | 0% | 118% | 580% |
| Highest education level | |||||||||||
| Graduate | 77% | 0% | -8% | -5% | 0% | 17% | 113% | 278% | 16% | 107% | 270% |
| Bachelor | 70% | 0% | -8% | -5% | 0% | 5% | 117% | 311% | 4% | 111% | 301% |
| Associate | 59% | 0% | -8% | -5% | 0% | 0% | 133% | 348% | 0% | 128% | 339% |
| High school | 55% | 0% | -8% | -4% | 0% | 0% | 143% | 533% | 0% | 136% | 523% |
| Less than high school | 47% | 0% | -8% | -4% | 0% | 0% | 133% | 627% | 0% | 127% | 620% |
| Current-law initial AIME quintile | |||||||||||
| Highest | 83% | 0% | -8% | -5% | 0% | 40% | 96% | 138% | 37% | 91% | 132% |
| Second highest | 71% | 0% | -8% | -5% | 0% | 31% | 128% | 192% | 29% | 121% | 185% |
| Middle | 61% | 0% | -8% | -4% | 0% | 26% | 157% | 271% | 25% | 150% | 265% |
| Second lowest | 53% | 0% | -8% | -3% | 0% | 0% | 220% | 568% | 0% | 211% | 556% |
| Lowest | 36% | 1% | -9% | -2% | 0% | 0% | 121% | 2,087% | 0% | 116% | 2,004% |
| Lifetime payroll tax quintile | |||||||||||
| Highest | 86% | 0% | -8% | -5% | 0% | 42% | 96% | 137% | 39% | 91% | 131% |
| Second highest | 71% | 0% | -8% | -5% | 0% | 39% | 129% | 194% | 36% | 123% | 187% |
| Middle | 62% | 0% | -8% | -4% | 0% | 24% | 159% | 274% | 23% | 151% | 266% |
| Second lowest | 54% | 0% | -8% | -3% | 0% | 0% | 215% | 505% | 0% | 206% | 495% |
| Lowest | 32% | 1% | -9% | -2% | 0% | 0% | 95% | 2,194% | 0% | 90% | 2,121% |
| Lifetime payroll tax quintile (shared) | |||||||||||
| Highest | 87% | 0% | -8% | -5% | 0% | 46% | 99% | 163% | 43% | 94% | 155% |
| Second highest | 73% | 0% | -8% | -5% | 0% | 44% | 131% | 267% | 41% | 125% | 258% |
| Middle | 63% | 0% | -8% | -4% | 0% | 35% | 158% | 359% | 34% | 150% | 349% |
| Second lowest | 52% | 0% | -8% | -3% | 0% | 0% | 188% | 575% | 0% | 182% | 564% |
| Lowest | 28% | 0% | -9% | -2% | 0% | 0% | 38% | 1,049% | 0% | 35% | 1,030% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: NRA 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 | 71% | 0% | -13% | -8% | 0% | 0% | 120% | 357% | 0% | 110% | 341% |
| Sex | |||||||||||
| Female | 73% | 0% | -13% | -8% | 0% | 5% | 145% | 519% | 4% | 132% | 492% |
| Male | 68% | 0% | -13% | -8% | 0% | 0% | 103% | 246% | 0% | 94% | 234% |
| Race and ethnicity | |||||||||||
| Hispanic or Latino, any race | 66% | 0% | -13% | -7% | 0% | 0% | 125% | 401% | 0% | 114% | 389% |
| White, non-Hispanic | 76% | 0% | -13% | -8% | 0% | 17% | 120% | 343% | 15% | 110% | 323% |
| Black or African American, non-Hispanic | 58% | 0% | -13% | -8% | 0% | 0% | 118% | 333% | 0% | 108% | 326% |
| All other races, non-Hispanic | 74% | 0% | -14% | -10% | 0% | 0% | 105% | 349% | 0% | 96% | 318% |
| Country of birth | |||||||||||
| United States | 73% | 0% | -13% | -8% | 0% | 9% | 120% | 319% | 6% | 110% | 306% |
| Other countries | 65% | 0% | -13% | -8% | 0% | 0% | 121% | 565% | 0% | 110% | 540% |
| Highest education level | |||||||||||
| Graduate | 84% | 0% | -13% | -9% | 0% | 21% | 109% | 259% | 18% | 99% | 241% |
| Bachelor | 81% | 0% | -13% | -9% | 0% | 13% | 110% | 278% | 10% | 100% | 258% |
| Associate | 69% | 0% | -13% | -7% | 0% | 0% | 124% | 318% | 0% | 113% | 305% |
| High school | 64% | 1% | -13% | -6% | 0% | 0% | 129% | 441% | 0% | 119% | 425% |
| Less than high school | 61% | 1% | -14% | -7% | 0% | 0% | 125% | 594% | 0% | 114% | 567% |
| Current-law initial AIME quintile | |||||||||||
| Highest | 93% | 0% | -13% | -10% | -4% | 40% | 88% | 127% | 34% | 80% | 116% |
| Second highest | 81% | 0% | -13% | -9% | 0% | 34% | 118% | 177% | 30% | 109% | 166% |
| Middle | 71% | 0% | -13% | -7% | 0% | 30% | 144% | 246% | 27% | 132% | 239% |
| Second lowest | 64% | 0% | -13% | -6% | 0% | 9% | 196% | 466% | 0% | 180% | 455% |
| Lowest | 44% | 1% | -14% | -6% | 0% | 0% | 123% | 1,729% | 0% | 111% | 1,661% |
| Lifetime payroll tax quintile | |||||||||||
| Highest | 94% | 0% | -13% | -10% | -4% | 43% | 89% | 127% | 37% | 81% | 116% |
| Second highest | 81% | 0% | -13% | -9% | 0% | 38% | 119% | 179% | 34% | 109% | 168% |
| Middle | 71% | 0% | -13% | -7% | 0% | 27% | 144% | 249% | 24% | 132% | 240% |
| Second lowest | 66% | 0% | -13% | -6% | 0% | 13% | 192% | 442% | 11% | 176% | 428% |
| Lowest | 42% | 1% | -14% | -6% | 0% | 0% | 125% | 1,771% | 0% | 110% | 1,713% |
| Lifetime payroll tax quintile (shared) | |||||||||||
| Highest | 94% | 0% | -13% | -10% | -4% | 45% | 91% | 145% | 40% | 83% | 134% |
| Second highest | 83% | 0% | -13% | -9% | 0% | 46% | 122% | 227% | 41% | 111% | 215% |
| Middle | 73% | 0% | -13% | -7% | 0% | 31% | 140% | 302% | 28% | 128% | 292% |
| Second lowest | 64% | 1% | -13% | -6% | 0% | 11% | 172% | 532% | 8% | 160% | 512% |
| Lowest | 39% | 1% | -14% | -6% | 0% | 0% | 80% | 996% | 0% | 71% | 960% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: NRA 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 | 71% | 0% | -19% | -12% | 0% | 0% | 125% | 366% | 0% | 109% | 338% |
| Sex | |||||||||||
| Female | 74% | 1% | -19% | -12% | 0% | 1% | 149% | 531% | 0% | 131% | 490% |
| Male | 68% | 0% | -19% | -12% | 0% | 0% | 107% | 252% | 0% | 94% | 234% |
| Race and ethnicity | |||||||||||
| Hispanic or Latino, any race | 67% | 0% | -19% | -11% | 0% | 0% | 129% | 400% | 0% | 113% | 377% |
| White, non-Hispanic | 76% | 0% | -19% | -12% | 0% | 21% | 126% | 363% | 15% | 110% | 334% |
| Black or African American, non-Hispanic | 61% | 0% | -19% | -12% | 0% | 0% | 121% | 306% | 0% | 106% | 288% |
| All other races, non-Hispanic | 75% | 0% | -19% | -14% | 0% | 0% | 113% | 335% | 0% | 98% | 299% |
| Country of birth | |||||||||||
| United States | 73% | 0% | -18% | -12% | 0% | 11% | 125% | 324% | 6% | 110% | 304% |
| Other countries | 65% | 0% | -20% | -13% | 0% | 0% | 123% | 516% | 0% | 106% | 468% |
| Highest education level | |||||||||||
| Graduate | 83% | 0% | -19% | -13% | 0% | 30% | 116% | 286% | 23% | 100% | 253% |
| Bachelor | 81% | 0% | -19% | -13% | 0% | 9% | 115% | 300% | 5% | 101% | 267% |
| Associate | 68% | 0% | -18% | -11% | 0% | 0% | 129% | 325% | 0% | 114% | 306% |
| High school | 65% | 1% | -19% | -11% | 0% | 0% | 133% | 439% | 0% | 116% | 412% |
| Less than high school | 62% | 0% | -20% | -12% | 0% | 0% | 129% | 578% | 0% | 112% | 533% |
| Current-law initial AIME quintile | |||||||||||
| Highest | 93% | 0% | -18% | -13% | -7% | 45% | 95% | 133% | 37% | 83% | 118% |
| Second highest | 82% | 0% | -18% | -13% | 0% | 43% | 124% | 181% | 35% | 108% | 163% |
| Middle | 70% | 0% | -18% | -11% | 0% | 23% | 149% | 251% | 18% | 131% | 238% |
| Second lowest | 65% | 0% | -19% | -10% | 0% | 0% | 208% | 500% | 0% | 184% | 477% |
| Lowest | 45% | 1% | -22% | -10% | 0% | 0% | 123% | 1,555% | 0% | 102% | 1,401% |
| Lifetime payroll tax quintile | |||||||||||
| Highest | 93% | 0% | -18% | -13% | -7% | 46% | 95% | 133% | 38% | 83% | 117% |
| Second highest | 81% | 0% | -18% | -13% | 0% | 44% | 123% | 182% | 36% | 108% | 166% |
| Middle | 71% | 0% | -18% | -11% | 0% | 30% | 149% | 254% | 25% | 132% | 241% |
| Second lowest | 66% | 0% | -19% | -10% | 0% | 2% | 202% | 466% | 0% | 179% | 442% |
| Lowest | 43% | 1% | -22% | -10% | 0% | 0% | 124% | 1,589% | 0% | 101% | 1,455% |
| Lifetime payroll tax quintile (shared) | |||||||||||
| Highest | 93% | 0% | -18% | -13% | -7% | 50% | 98% | 152% | 42% | 86% | 137% |
| Second highest | 84% | 0% | -18% | -12% | 0% | 46% | 125% | 235% | 38% | 109% | 219% |
| Middle | 73% | 0% | -18% | -11% | 0% | 36% | 146% | 316% | 29% | 129% | 297% |
| Second lowest | 65% | 0% | -19% | -10% | 0% | 8% | 183% | 543% | 0% | 162% | 512% |
| Lowest | 39% | 1% | -22% | -12% | 0% | 0% | 73% | 797% | 0% | 57% | 748% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: NRA 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 | 36% | 0% | -4% | 0% | 0% | 24% | 46% | 80% | 23% | 46% | 78% |
| Sex | |||||||||||
| Female | 37% | 0% | -4% | 0% | 0% | 28% | 52% | 90% | 27% | 51% | 90% |
| Male | 35% | 0% | -3% | 0% | 0% | 22% | 42% | 66% | 22% | 41% | 65% |
| Race and ethnicity | |||||||||||
| Hispanic or Latino, any race | 35% | 0% | -4% | 0% | 0% | 27% | 51% | 86% | 27% | 50% | 84% |
| White, non-Hispanic | 36% | 0% | -4% | 0% | 0% | 23% | 44% | 76% | 22% | 43% | 74% |
| Black or African American, non-Hispanic | 32% | 0% | -3% | 0% | 0% | 27% | 50% | 86% | 27% | 50% | 85% |
| All other races, non-Hispanic | 45% | 0% | -5% | 0% | 0% | 26% | 48% | 90% | 26% | 48% | 87% |
| Country of birth | |||||||||||
| United States | 35% | 0% | -3% | 0% | 0% | 23% | 44% | 76% | 23% | 44% | 75% |
| Other countries | 41% | 0% | -5% | 0% | 0% | 29% | 53% | 90% | 28% | 52% | 90% |
| Highest education level | |||||||||||
| Graduate | 51% | 0% | -5% | -1% | 0% | 21% | 42% | 72% | 21% | 41% | 70% |
| Bachelor | 47% | 0% | -5% | 0% | 0% | 22% | 42% | 76% | 22% | 42% | 73% |
| Associate | 33% | 0% | -3% | 0% | 0% | 24% | 45% | 76% | 23% | 44% | 74% |
| High school | 30% | 0% | -3% | 0% | 0% | 26% | 48% | 83% | 26% | 47% | 82% |
| Less than high school | 27% | 0% | -3% | 0% | 0% | 32% | 57% | 90% | 32% | 56% | 90% |
| Current-law initial AIME quintile | |||||||||||
| Highest | 55% | 0% | -4% | -1% | 0% | 16% | 31% | 47% | 16% | 30% | 46% |
| Second highest | 42% | 0% | -3% | 0% | 0% | 23% | 38% | 56% | 23% | 38% | 54% |
| Middle | 36% | 0% | -4% | 0% | 0% | 28% | 44% | 64% | 27% | 43% | 62% |
| Second lowest | 29% | 0% | -4% | 0% | 0% | 38% | 51% | 79% | 38% | 51% | 76% |
| Lowest | 19% | 0% | -4% | 0% | 0% | 53% | 70% | 120% | 53% | 69% | 117% |
| Lifetime payroll tax quintile | |||||||||||
| Highest | 58% | 0% | -4% | -1% | 0% | 15% | 34% | 50% | 15% | 33% | 49% |
| Second highest | 41% | 0% | -3% | 0% | 0% | 22% | 37% | 57% | 22% | 37% | 56% |
| Middle | 34% | 0% | -4% | 0% | 0% | 30% | 43% | 66% | 30% | 43% | 64% |
| Second lowest | 29% | 0% | -4% | 0% | 0% | 37% | 51% | 81% | 37% | 51% | 78% |
| Lowest | 18% | 0% | -2% | 0% | 0% | 51% | 68% | 112% | 51% | 68% | 109% |
| Lifetime payroll tax quintile (shared) | |||||||||||
| Highest | 59% | 0% | -4% | -1% | 0% | 17% | 36% | 54% | 16% | 36% | 52% |
| Second highest | 40% | 0% | -4% | 0% | 0% | 21% | 38% | 63% | 21% | 37% | 62% |
| Middle | 33% | 0% | -3% | 0% | 0% | 27% | 43% | 70% | 27% | 43% | 69% |
| Second lowest | 29% | 0% | -4% | 0% | 0% | 33% | 50% | 86% | 32% | 49% | 85% |
| Lowest | 21% | 0% | -3% | 0% | 0% | 45% | 63% | 90% | 44% | 63% | 90% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: NRA 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 | 57% | 3% | -22% | -5% | 0% | 24% | 47% | 82% | 17% | 43% | 75% |
| Sex | |||||||||||
| Female | 57% | 4% | -23% | -5% | 0% | 27% | 52% | 90% | 20% | 48% | 85% |
| Male | 57% | 3% | -21% | -5% | 0% | 22% | 43% | 71% | 15% | 39% | 66% |
| Race and ethnicity | |||||||||||
| Hispanic or Latino, any race | 52% | 4% | -15% | -2% | 0% | 28% | 52% | 90% | 24% | 48% | 84% |
| White, non-Hispanic | 58% | 3% | -25% | -6% | 0% | 23% | 45% | 78% | 15% | 41% | 72% |
| Black or African American, non-Hispanic | 50% | 3% | -17% | 0% | 0% | 26% | 51% | 85% | 22% | 49% | 78% |
| All other races, non-Hispanic | 71% | 3% | -49% | -8% | 0% | 22% | 45% | 81% | 9% | 40% | 72% |
| Country of birth | |||||||||||
| United States | 56% | 3% | -22% | -5% | 0% | 23% | 46% | 78% | 17% | 42% | 72% |
| Other countries | 61% | 3% | -20% | -6% | 0% | 26% | 53% | 90% | 21% | 49% | 87% |
| Highest education level | |||||||||||
| Graduate | 73% | 3% | -100% | -8% | 0% | 21% | 41% | 74% | 0% | 34% | 64% |
| Bachelor | 67% | 4% | -33% | -7% | 0% | 21% | 42% | 79% | 10% | 37% | 70% |
| Associate | 53% | 3% | -16% | -2% | 0% | 24% | 46% | 74% | 21% | 43% | 69% |
| High school | 50% | 3% | -13% | -1% | 0% | 28% | 50% | 87% | 25% | 48% | 81% |
| Less than high school | 44% | 5% | -12% | 0% | 0% | 31% | 56% | 90% | 29% | 54% | 90% |
| Current-law initial AIME quintile | |||||||||||
| Highest | 72% | 4% | -100% | -8% | 0% | 15% | 31% | 46% | 0% | 25% | 40% |
| Second highest | 63% | 2% | -25% | -6% | 0% | 23% | 38% | 56% | 17% | 34% | 49% |
| Middle | 58% | 2% | -16% | -5% | 0% | 30% | 45% | 65% | 24% | 41% | 57% |
| Second lowest | 50% | 4% | -14% | -1% | 0% | 40% | 55% | 82% | 38% | 52% | 72% |
| Lowest | 41% | 5% | -13% | 0% | 0% | 56% | 73% | 124% | 55% | 69% | 111% |
| Lifetime payroll tax quintile | |||||||||||
| Highest | 77% | 4% | -100% | -8% | 0% | 15% | 33% | 49% | 0% | 25% | 42% |
| Second highest | 63% | 3% | -24% | -6% | 0% | 22% | 37% | 58% | 17% | 33% | 50% |
| Middle | 58% | 2% | -16% | -5% | 0% | 30% | 45% | 67% | 24% | 41% | 59% |
| Second lowest | 48% | 3% | -14% | 0% | 0% | 38% | 54% | 82% | 37% | 52% | 72% |
| Lowest | 39% | 5% | -12% | 0% | 0% | 55% | 71% | 116% | 54% | 67% | 108% |
| Lifetime payroll tax quintile (shared) | |||||||||||
| Highest | 75% | 4% | -100% | -8% | 0% | 16% | 35% | 51% | 0% | 26% | 44% |
| Second highest | 63% | 3% | -25% | -7% | 0% | 22% | 39% | 62% | 16% | 35% | 55% |
| Middle | 57% | 3% | -16% | -5% | 0% | 28% | 45% | 72% | 24% | 42% | 64% |
| Second lowest | 50% | 3% | -13% | 0% | 0% | 35% | 52% | 85% | 33% | 50% | 78% |
| Lowest | 40% | 4% | -12% | 0% | 0% | 50% | 66% | 102% | 48% | 63% | 92% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: NRA 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 | 56% | 7% | -66% | -10% | 0% | 24% | 47% | 83% | 7% | 41% | 72% |
| Sex | |||||||||||
| Female | 58% | 7% | -79% | -11% | 0% | 28% | 52% | 90% | 6% | 45% | 83% |
| Male | 55% | 7% | -57% | -8% | 0% | 22% | 43% | 72% | 9% | 37% | 63% |
| Race and ethnicity | |||||||||||
| Hispanic or Latino, any race | 49% | 9% | -32% | 0% | 0% | 27% | 50% | 89% | 21% | 45% | 80% |
| White, non-Hispanic | 59% | 7% | -82% | -12% | 0% | 23% | 45% | 80% | 5% | 38% | 69% |
| Black or African American, non-Hispanic | 49% | 5% | -39% | 0% | 0% | 29% | 53% | 84% | 17% | 48% | 75% |
| All other races, non-Hispanic | 70% | 7% | -100% | -16% | 0% | 24% | 45% | 85% | 0% | 35% | 70% |
| Country of birth | |||||||||||
| United States | 56% | 7% | -64% | -9% | 0% | 24% | 46% | 80% | 8% | 40% | 70% |
| Other countries | 59% | 7% | -86% | -13% | 0% | 27% | 53% | 90% | 4% | 46% | 85% |
| Highest education level | |||||||||||
| Graduate | 72% | 6% | -100% | -17% | 0% | 22% | 42% | 77% | 0% | 29% | 62% |
| Bachelor | 69% | 7% | -100% | -16% | 0% | 21% | 42% | 81% | 0% | 32% | 65% |
| Associate | 53% | 7% | -36% | -3% | 0% | 25% | 46% | 77% | 20% | 42% | 69% |
| High school | 47% | 8% | -27% | 0% | 0% | 28% | 51% | 87% | 23% | 47% | 80% |
| Less than high school | 44% | 9% | -22% | 0% | 0% | 31% | 55% | 90% | 28% | 51% | 87% |
| Current-law initial AIME quintile | |||||||||||
| Highest | 71% | 9% | -100% | -16% | 0% | 16% | 31% | 46% | 0% | 22% | 36% |
| Second highest | 63% | 6% | -73% | -14% | 0% | 24% | 39% | 57% | 8% | 32% | 46% |
| Middle | 57% | 5% | -42% | -11% | 0% | 31% | 45% | 65% | 20% | 39% | 53% |
| Second lowest | 49% | 8% | -30% | 0% | 0% | 40% | 54% | 81% | 33% | 51% | 67% |
| Lowest | 41% | 9% | -25% | 0% | 0% | 57% | 74% | 125% | 55% | 68% | 102% |
| Lifetime payroll tax quintile | |||||||||||
| Highest | 76% | 8% | -100% | -17% | 0% | 15% | 34% | 48% | 0% | 21% | 36% |
| Second highest | 62% | 7% | -60% | -14% | 0% | 24% | 39% | 59% | 10% | 32% | 46% |
| Middle | 57% | 5% | -40% | -10% | 0% | 31% | 45% | 67% | 20% | 39% | 53% |
| Second lowest | 48% | 8% | -28% | 0% | 0% | 39% | 53% | 81% | 36% | 50% | 67% |
| Lowest | 40% | 10% | -22% | 0% | 0% | 56% | 73% | 118% | 54% | 67% | 100% |
| Lifetime payroll tax quintile (shared) | |||||||||||
| Highest | 75% | 7% | -100% | -17% | 0% | 16% | 35% | 51% | 0% | 22% | 39% |
| Second highest | 63% | 8% | -65% | -14% | 0% | 23% | 40% | 63% | 9% | 32% | 51% |
| Middle | 56% | 6% | -39% | -9% | 0% | 29% | 45% | 72% | 21% | 40% | 60% |
| Second lowest | 47% | 8% | -27% | 0% | 0% | 35% | 52% | 86% | 32% | 49% | 73% |
| Lowest | 41% | 7% | -21% | 0% | 0% | 50% | 67% | 104% | 47% | 63% | 90% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: NRA 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 | 54% | 16% | -93% | -8% | 2% | 23% | 47% | 84% | 3% | 39% | 70% |
| Sex | |||||||||||
| Female | 56% | 15% | -100% | -10% | 2% | 28% | 53% | 90% | 0% | 42% | 81% |
| Male | 53% | 16% | -84% | -4% | 2% | 22% | 43% | 72% | 4% | 36% | 63% |
| Race and ethnicity | |||||||||||
| Hispanic or Latino, any race | 47% | 18% | -48% | 0% | 2% | 26% | 50% | 88% | 17% | 44% | 77% |
| White, non-Hispanic | 57% | 15% | -100% | -12% | 2% | 22% | 45% | 81% | 0% | 36% | 67% |
| Black or African American, non-Hispanic | 48% | 13% | -57% | 0% | 1% | 27% | 52% | 84% | 13% | 44% | 72% |
| All other races, non-Hispanic | 69% | 14% | -100% | -23% | 1% | 22% | 43% | 83% | 0% | 31% | 63% |
| Country of birth | |||||||||||
| United States | 53% | 16% | -87% | -6% | 2% | 23% | 46% | 80% | 4% | 38% | 68% |
| Other countries | 57% | 16% | -100% | -14% | 2% | 26% | 52% | 90% | 0% | 42% | 78% |
| Highest education level | |||||||||||
| Graduate | 70% | 13% | -100% | -26% | 1% | 21% | 42% | 79% | 0% | 27% | 60% |
| Bachelor | 65% | 17% | -100% | -23% | 2% | 21% | 42% | 82% | 0% | 29% | 63% |
| Associate | 50% | 15% | -46% | 0% | 2% | 23% | 46% | 76% | 17% | 40% | 65% |
| High school | 46% | 16% | -38% | 0% | 2% | 27% | 50% | 89% | 22% | 45% | 78% |
| Less than high school | 42% | 19% | -33% | 0% | 2% | 31% | 56% | 90% | 25% | 51% | 88% |
| Current-law initial AIME quintile | |||||||||||
| Highest | 68% | 21% | -100% | -23% | 2% | 15% | 31% | 46% | 0% | 22% | 33% |
| Second highest | 61% | 11% | -93% | -20% | 1% | 23% | 39% | 56% | 3% | 31% | 43% |
| Middle | 55% | 13% | -57% | -9% | 1% | 31% | 45% | 65% | 16% | 38% | 50% |
| Second lowest | 46% | 20% | -37% | 0% | 2% | 40% | 55% | 82% | 32% | 50% | 65% |
| Lowest | 41% | 13% | -35% | 0% | 2% | 57% | 75% | 133% | 53% | 65% | 103% |
| Lifetime payroll tax quintile | |||||||||||
| Highest | 71% | 19% | -100% | -25% | 2% | 15% | 33% | 47% | 0% | 21% | 33% |
| Second highest | 61% | 11% | -87% | -20% | 1% | 22% | 38% | 58% | 5% | 31% | 43% |
| Middle | 54% | 12% | -56% | -7% | 1% | 31% | 45% | 66% | 17% | 37% | 51% |
| Second lowest | 45% | 20% | -38% | 0% | 2% | 38% | 54% | 84% | 34% | 49% | 64% |
| Lowest | 39% | 15% | -30% | 0% | 2% | 56% | 74% | 124% | 54% | 65% | 101% |
| Lifetime payroll tax quintile (shared) | |||||||||||
| Highest | 70% | 18% | -100% | -24% | 2% | 16% | 35% | 50% | 0% | 21% | 35% |
| Second highest | 61% | 15% | -87% | -19% | 1% | 22% | 40% | 62% | 3% | 31% | 47% |
| Middle | 54% | 14% | -57% | -8% | 1% | 27% | 45% | 72% | 14% | 37% | 56% |
| Second lowest | 45% | 18% | -38% | 0% | 2% | 35% | 53% | 85% | 31% | 48% | 70% |
| Lowest | 40% | 13% | -30% | 0% | 2% | 51% | 67% | 108% | 47% | 63% | 90% |
| SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: NRA 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.
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For projected effects on the Social Security trust funds, see the Actuary's provision C2.2.