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Projected Effects of a Proposal to Reduce the Cost-of-Living
Adjustment (COLA)
Details: Base it on the Chained Consumer Price Index CPI
Table user guide | Projection methodology | All options comparison | Current COLA | 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 | 90% | 0% | -2% | -2% | -1% |
Sex | |||||
Female | 91% | 0% | -2% | -2% | -1% |
Male | 89% | 0% | -2% | -2% | 0% |
Race/ethnicity | |||||
Hispanic or Latino, any race | 83% | 0% | -2% | -2% | 0% |
White, non-Hispanic | 92% | 0% | -2% | -2% | -1% |
Black or African American, non-Hispanic | 89% | 0% | -2% | -2% | 0% |
All other races, non-Hispanic | 90% | 0% | -2% | -2% | 0% |
Country of birth | |||||
United States | 91% | 0% | -2% | -2% | -1% |
Other countries | 87% | 0% | -2% | -2% | 0% |
Age | |||||
60–69 | 71% | 0% | -2% | -1% | 0% |
70–79 | 100% | 0% | -2% | -2% | -2% |
80–89 | 100% | 0% | -2% | -2% | -2% |
90 or older | 100% | 0% | -2% | -2% | -2% |
Marital status | |||||
Married | 89% | 0% | -2% | -2% | 0% |
Divorced | 90% | 0% | -2% | -2% | -1% |
Widowed | 95% | 0% | -2% | -2% | -1% |
Never married | 87% | 0% | -2% | -2% | 0% |
Highest education level | |||||
Graduate | 94% | 0% | -2% | -2% | -1% |
Bachelor | 91% | 0% | -2% | -2% | -1% |
Associate | 89% | 0% | -2% | -2% | 0% |
High school | 90% | 0% | -2% | -2% | -1% |
Less than high school | 87% | 0% | -2% | -2% | 0% |
Current-law poverty status | |||||
Above poverty | 91% | 0% | -2% | -2% | -1% |
In poverty | 84% | 0% | -2% | -2% | 0% |
Current-law household income quintile | |||||
Highest | 93% | 0% | -2% | -2% | -1% |
Second highest | 90% | 0% | -2% | -2% | 0% |
Middle | 90% | 0% | -2% | -2% | 0% |
Second lowest | 90% | 0% | -2% | -2% | 0% |
Lowest | 89% | 0% | -2% | -2% | 0% |
Current-law benefit type | |||||
Retired worker only | 90% | 0% | -2% | -2% | 0% |
Widow(er) (includes dually entitled) | 95% | 0% | -2% | -2% | -1% |
Spousal (includes dually entitled) | 95% | 0% | -2% | -2% | -1% |
Disabled worker only | 72% | 0% | -2% | -2% | 0% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.19, Analysis 2.0. Run: 07/01/2021. Ref #: OACT0615v2 | |||||
NOTES: Start date = 2022.
%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 | 91% | 0% | -8% | -4% | -1% |
Sex | |||||
Female | 92% | 0% | -8% | -4% | -1% |
Male | 89% | 0% | -7% | -3% | 0% |
Race/ethnicity | |||||
Hispanic or Latino, any race | 88% | 0% | -7% | -3% | 0% |
White, non-Hispanic | 92% | 0% | -8% | -4% | -1% |
Black or African American, non-Hispanic | 90% | 0% | -7% | -4% | 0% |
All other races, non-Hispanic | 93% | 0% | -7% | -4% | -1% |
Country of birth | |||||
United States | 90% | 0% | -8% | -4% | -1% |
Other countries | 92% | 0% | -7% | -4% | -1% |
Age | |||||
60–69 | 69% | 0% | -3% | -1% | 0% |
70–79 | 100% | 0% | -5% | -3% | -2% |
80–89 | 100% | 0% | -7% | -6% | -5% |
90 or older | 100% | 0% | -8% | -8% | -7% |
Marital status | |||||
Married | 90% | 0% | -7% | -3% | 0% |
Divorced | 91% | 0% | -8% | -4% | -1% |
Widowed | 97% | 0% | -8% | -6% | -2% |
Never married | 87% | 0% | -7% | -2% | 0% |
Highest education level | |||||
Graduate | 91% | 0% | -8% | -4% | -1% |
Bachelor | 94% | 0% | -8% | -4% | -1% |
Associate | 90% | 0% | -8% | -4% | 0% |
High school | 90% | 0% | -8% | -4% | 0% |
Less than high school | 87% | 0% | -7% | -3% | 0% |
Current-law poverty status | |||||
Above poverty | 91% | 0% | -8% | -4% | -1% |
In poverty | 86% | 0% | -8% | -4% | 0% |
Current-law household income quintile | |||||
Highest | 92% | 0% | -8% | -4% | -1% |
Second highest | 90% | 0% | -8% | -4% | 0% |
Middle | 90% | 0% | -7% | -4% | 0% |
Second lowest | 92% | 0% | -8% | -4% | -1% |
Lowest | 91% | 0% | -8% | -4% | -1% |
Current-law benefit type | |||||
Retired worker only | 91% | 0% | -7% | -4% | -1% |
Widow(er) (includes dually entitled) | 96% | 0% | -8% | -6% | -2% |
Spousal (includes dually entitled) | 93% | 0% | -7% | -4% | -1% |
Disabled worker only | 74% | 0% | -6% | -2% | 0% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.19, Analysis 2.0. Run: 07/01/2021. Ref #: OACT0615v2 | |||||
NOTES: Start date = 2022.
%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 | 91% | 0% | -8% | -4% | -1% |
Sex | |||||
Female | 92% | 0% | -8% | -4% | -1% |
Male | 90% | 0% | -7% | -3% | -1% |
Race/ethnicity | |||||
Hispanic or Latino, any race | 88% | 0% | -7% | -3% | 0% |
White, non-Hispanic | 92% | 0% | -8% | -4% | -1% |
Black or African American, non-Hispanic | 91% | 0% | -8% | -4% | -1% |
All other races, non-Hispanic | 92% | 0% | -8% | -4% | -1% |
Country of birth | |||||
United States | 91% | 0% | -8% | -4% | -1% |
Other countries | 92% | 0% | -8% | -4% | -1% |
Age | |||||
60–69 | 70% | 0% | -3% | -1% | 0% |
70–79 | 99% | 0% | -5% | -3% | -2% |
80–89 | 100% | 0% | -7% | -6% | -5% |
90 or older | 100% | 0% | -11% | -8% | -7% |
Marital status | |||||
Married | 90% | 0% | -7% | -3% | 0% |
Divorced | 91% | 0% | -7% | -4% | -1% |
Widowed | 98% | 0% | -10% | -6% | -2% |
Never married | 90% | 0% | -7% | -3% | 0% |
Highest education level | |||||
Graduate | 94% | 0% | -7% | -4% | -1% |
Bachelor | 94% | 0% | -8% | -4% | -1% |
Associate | 90% | 0% | -8% | -4% | -1% |
High school | 90% | 0% | -8% | -4% | 0% |
Less than high school | 88% | 0% | -7% | -3% | 0% |
Current-law poverty status | |||||
Above poverty | 91% | 0% | -8% | -4% | -1% |
In poverty | 86% | 0% | -8% | -4% | 0% |
Current-law household income quintile | |||||
Highest | 92% | 0% | -7% | -4% | -1% |
Second highest | 90% | 0% | -8% | -3% | -1% |
Middle | 90% | 0% | -8% | -4% | 0% |
Second lowest | 92% | 0% | -8% | -4% | -1% |
Lowest | 91% | 0% | -8% | -4% | -1% |
Current-law benefit type | |||||
Retired worker only | 91% | 0% | -7% | -4% | -1% |
Widow(er) (includes dually entitled) | 96% | 0% | -10% | -6% | -2% |
Spousal (includes dually entitled) | 94% | 0% | -7% | -3% | -1% |
Disabled worker only | 77% | 0% | -6% | -2% | 0% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.19, Analysis 2.0. Run: 07/01/2021. Ref #: OACT0615v2 | |||||
NOTES: Start date = 2022.
%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 2021$) 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/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 | $0 |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.19, Analysis 2.0. Run: 07/01/2021. Ref #: OACT0615v2 | ||||||||
NOTES: Start date = 2022.
%ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with a— |
Percent change in Social Security taxes paid at the— | Change in taxes paid (in 2021$) 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/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 | $0 |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.19, Analysis 2.0. Run: 07/01/2021. Ref #: OACT0615v2 | ||||||||
NOTES: Start date = 2022.
%ile = percentile.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
|
Characteristic | Percent of population with a— |
Percent change in Social Security taxes paid at the— | Change in taxes paid (in 2021$) 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/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 8.19, Analysis 2.0. Run: 07/01/2021. Ref #: OACT0615v2 | ||||||||
NOTES: Start date = 2022.
%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 | 37% | 0% | -2% | 0% | 0% |
Sex | |||||
Female | 40% | 0% | -2% | 0% | 0% |
Male | 33% | 0% | -1% | 0% | 0% |
Race/ethnicity | |||||
Hispanic or Latino, any race | 35% | 0% | -2% | 0% | 0% |
White, non-Hispanic | 36% | 0% | -2% | 0% | 0% |
Black or African American, non-Hispanic | 44% | 0% | -2% | 0% | 0% |
All other races, non-Hispanic | 36% | 0% | -2% | 0% | 0% |
Country of birth | |||||
United States | 38% | 0% | -2% | 0% | 0% |
Other countries | 34% | 0% | -1% | 0% | 0% |
Age | |||||
60–69 | 24% | 0% | -1% | 0% | 0% |
70–79 | 45% | 0% | -2% | 0% | 0% |
80–89 | 41% | 0% | -2% | 0% | 0% |
90 or older | 37% | 0% | -2% | 0% | 0% |
Marital status | |||||
Married | 31% | 0% | -1% | 0% | 0% |
Divorced | 45% | 0% | -2% | 0% | 0% |
Widowed | 46% | 0% | -2% | 0% | 0% |
Never married | 40% | 0% | -2% | 0% | 0% |
Highest education level | |||||
Graduate | 21% | 0% | -1% | 0% | 0% |
Bachelor | 27% | 0% | -1% | 0% | 0% |
Associate | 37% | 0% | -2% | 0% | 0% |
High school | 45% | 0% | -2% | 0% | 0% |
Less than high school | 46% | 0% | -2% | 0% | 0% |
Current-law household income quintile | |||||
Highest | 0% | 0% | 0% | 0% | 0% |
Second highest | 7% | 0% | 0% | 0% | 0% |
Middle | 35% | 0% | -1% | 0% | 0% |
Second lowest | 67% | 0% | -2% | -1% | 0% |
Lowest | 76% | 0% | -2% | -1% | 0% |
Current-law benefit type | |||||
Retired worker only | 34% | 0% | -1% | 0% | 0% |
Widow(er) (includes dually entitled) | 53% | 0% | -2% | -1% | 0% |
Spousal (includes dually entitled) | 36% | 0% | -1% | 0% | 0% |
Disabled worker only | 35% | 0% | -2% | 0% | 0% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.19, Analysis 2.0. Run: 07/01/2021. Ref #: OACT0615v2 | |||||
NOTES: Start date = 2022.
%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 | 62% | 0% | -4% | -1% | 0% |
Sex | |||||
Female | 67% | 0% | -4% | -1% | 0% |
Male | 58% | 0% | -4% | -1% | 0% |
Race/ethnicity | |||||
Hispanic or Latino, any race | 59% | 0% | -4% | -1% | 0% |
White, non-Hispanic | 64% | 0% | -4% | -1% | 0% |
Black or African American, non-Hispanic | 64% | 0% | -5% | -1% | 0% |
All other races, non-Hispanic | 58% | 0% | -4% | -1% | 0% |
Country of birth | |||||
United States | 63% | 0% | -4% | -1% | 0% |
Other countries | 60% | 0% | -4% | -1% | 0% |
Age | |||||
60–69 | 29% | 0% | -2% | 0% | 0% |
70–79 | 68% | 0% | -3% | -1% | 0% |
80–89 | 86% | 0% | -5% | -2% | 0% |
90 or older | 79% | 0% | -6% | -2% | 0% |
Marital status | |||||
Married | 60% | 0% | -3% | -1% | 0% |
Divorced | 63% | 0% | -5% | -1% | 0% |
Widowed | 76% | 0% | -5% | -2% | 0% |
Never married | 52% | 0% | -4% | -1% | 0% |
Highest education level | |||||
Graduate | 50% | 0% | -3% | 0% | 0% |
Bachelor | 60% | 0% | -3% | -1% | 0% |
Associate | 66% | 0% | -4% | -1% | 0% |
High school | 68% | 0% | -5% | -1% | 0% |
Less than high school | 59% | 0% | -4% | -1% | 0% |
Current-law poverty status | |||||
Above poverty | 62% | 0% | -4% | -1% | 0% |
In poverty | 63% | 0% | -6% | -2% | 0% |
Current-law household income quintile | |||||
Highest | 22% | 0% | -1% | 0% | 0% |
Second highest | 54% | 0% | -2% | -1% | 0% |
Middle | 70% | 0% | -3% | -1% | 0% |
Second lowest | 84% | 0% | -5% | -2% | 0% |
Lowest | 82% | 0% | -6% | -3% | 0% |
Current-law benefit type | |||||
Retired worker only | 60% | 0% | -4% | -1% | 0% |
Widow(er) (includes dually entitled) | 79% | 0% | -6% | -2% | 0% |
Spousal (includes dually entitled) | 64% | 0% | -3% | -1% | 0% |
Disabled worker only | 44% | 0% | -3% | 0% | 0% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.19, Analysis 2.0. Run: 07/01/2021. Ref #: OACT0615v2 | |||||
NOTES: Start date = 2022.
%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 | 65% | 0% | -5% | -1% | 0% |
Sex | |||||
Female | 68% | 0% | -5% | -1% | 0% |
Male | 60% | 0% | -4% | -1% | 0% |
Race/ethnicity | |||||
Hispanic or Latino, any race | 63% | 0% | -5% | -1% | 0% |
White, non-Hispanic | 67% | 0% | -5% | -1% | 0% |
Black or African American, non-Hispanic | 66% | 0% | -5% | -1% | 0% |
All other races, non-Hispanic | 55% | 0% | -4% | -1% | 0% |
Country of birth | |||||
United States | 66% | 0% | -5% | -1% | 0% |
Other countries | 61% | 0% | -5% | -1% | 0% |
Age | |||||
60–69 | 31% | 0% | -2% | 0% | 0% |
70–79 | 69% | 0% | -4% | -1% | 0% |
80–89 | 86% | 0% | -6% | -2% | 0% |
90 or older | 90% | 0% | -7% | -3% | -1% |
Marital status | |||||
Married | 62% | 0% | -4% | -1% | 0% |
Divorced | 63% | 0% | -5% | -1% | 0% |
Widowed | 81% | 0% | -6% | -2% | 0% |
Never married | 58% | 0% | -4% | -1% | 0% |
Highest education level | |||||
Graduate | 58% | 0% | -4% | -1% | 0% |
Bachelor | 62% | 0% | -4% | -1% | 0% |
Associate | 68% | 0% | -5% | -1% | 0% |
High school | 68% | 0% | -5% | -1% | 0% |
Less than high school | 63% | 0% | -5% | -1% | 0% |
Current-law household income quintile | |||||
Highest | 24% | 0% | -1% | 0% | 0% |
Second highest | 55% | 0% | -2% | -1% | 0% |
Middle | 73% | 0% | -4% | -1% | 0% |
Second lowest | 86% | 0% | -5% | -2% | 0% |
Lowest | 84% | 0% | -7% | -3% | 0% |
Current-law benefit type | |||||
Retired worker only | 62% | 0% | -4% | -1% | 0% |
Widow(er) (includes dually entitled) | 81% | 0% | -7% | -3% | 0% |
Spousal (includes dually entitled) | 66% | 0% | -4% | -1% | 0% |
Disabled worker only | 48% | 0% | -3% | 0% | 0% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.19, Analysis 2.0. Run: 07/01/2021. Ref #: OACT0615v2 | |||||
NOTES: Start date = 2022.
%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 | |||
---|---|---|---|---|---|---|
Without proposal | With proposal | Without proposal | With proposal | Change | ||
Total | 5% | 5% | 3,237 | 3,418 | 181 | 5% |
Sex | ||||||
Female | 5% | 5% | 1,787 | 1,908 | 120 | 6% |
Male | 4% | 5% | 1,450 | 1,510 | 60 | 4% |
Race/ethnicity | ||||||
Hispanic or Latino, any race | 7% | 8% | 570 | 618 | 48 | 8% |
White, non-Hispanic | 3% | 4% | 1,804 | 1,900 | 96 | 5% |
Black or African American, non-Hispanic | 9% | 9% | 636 | 660 | 24 | 3% |
All other races, non-Hispanic | 6% | 6% | 228 | 240 | 12 | 5% |
Country of birth | ||||||
United States | 4% | 4% | 2,472 | 2,588 | 115 | 4% |
Other countries | 7% | 7% | 765 | 830 | 65 | 8% |
Age | ||||||
60–69 | 6% | 7% | 1,486 | 1,544 | 57 | 3% |
70–79 | 4% | 5% | 1,318 | 1,404 | 86 | 6% |
80–89 | 3% | 3% | 381 | 417 | 36 | 9% |
90 or older | 2% | 2% | 53 | 54 | 0 | 1% |
Marital status | ||||||
Married | 1% | 1% | 469 | 486 | 16 | 3% |
Divorced | 9% | 10% | 1,207 | 1,272 | 64 | 5% |
Widowed | 6% | 6% | 740 | 802 | 61 | 8% |
Never married | 16% | 17% | 821 | 859 | 37 | 4% |
Highest education level | ||||||
Graduate | 1% | 1% | 97 | 101 | 4 | 4% |
Bachelor | 2% | 2% | 263 | 286 | 23 | 8% |
Associate | 4% | 4% | 626 | 663 | 36 | 5% |
High school | 6% | 6% | 1,534 | 1,613 | 78 | 5% |
Less than high school | 12% | 13% | 717 | 755 | 37 | 5% |
Current-law poverty status | ||||||
Above poverty | 0% | 0% | 0 | 182 | 182 | . . . |
In poverty | 100% | 100% | 3,237 | 3,236 | -1 | 0% |
Current-law benefit type | ||||||
Retired worker only | 4% | 5% | 2,252 | 2,364 | 112 | 4% |
Widow(er) (includes dually entitled) | 5% | 5% | 577 | 632 | 54 | 9% |
Spousal (includes dually entitled) | 2% | 2% | 145 | 147 | 2 | 1% |
Disabled worker only | 10% | 10% | 263 | 275 | 11 | 4% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.19, Analysis 2.0. Run: 07/01/2021. Ref #: OACT0615v2 | ||||||
NOTES: Start date = 2022.
. . . = 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 | |||
---|---|---|---|---|---|---|
Without proposal | With proposal | Without proposal | With proposal | Change | ||
Total | 4% | 4% | 3,309 | 3,725 | 416 | 12% |
Sex | ||||||
Female | 4% | 5% | 1,862 | 2,129 | 266 | 14% |
Male | 4% | 4% | 1,447 | 1,597 | 149 | 10% |
Race/ethnicity | ||||||
Hispanic or Latino, any race | 6% | 6% | 897 | 986 | 89 | 9% |
White, non-Hispanic | 3% | 3% | 1,472 | 1,695 | 222 | 15% |
Black or African American, non-Hispanic | 8% | 9% | 679 | 760 | 81 | 12% |
All other races, non-Hispanic | 4% | 4% | 261 | 284 | 22 | 8% |
Country of birth | ||||||
United States | 4% | 4% | 2,260 | 2,561 | 300 | 13% |
Other countries | 6% | 6% | 1,048 | 1,164 | 115 | 11% |
Age | ||||||
60–69 | 5% | 6% | 1,277 | 1,333 | 56 | 4% |
70–79 | 4% | 4% | 1,105 | 1,267 | 161 | 14% |
80–89 | 3% | 4% | 734 | 874 | 140 | 19% |
90 or older | 3% | 3% | 193 | 251 | 57 | 29% |
Marital status | ||||||
Married | 1% | 1% | 457 | 487 | 29 | 6% |
Divorced | 6% | 7% | 948 | 1,081 | 132 | 14% |
Widowed | 5% | 6% | 750 | 903 | 153 | 20% |
Never married | 12% | 13% | 1,154 | 1,255 | 100 | 8% |
Highest education level | ||||||
Graduate | 1% | 1% | 91 | 106 | 15 | 17% |
Bachelor | 2% | 2% | 280 | 329 | 48 | 17% |
Associate | 3% | 3% | 555 | 631 | 76 | 13% |
High school | 6% | 7% | 1,549 | 1,766 | 216 | 13% |
Less than high school | 11% | 11% | 834 | 894 | 59 | 7% |
Current-law poverty status | ||||||
Above poverty | 0% | 1% | 0 | 419 | 418 | . . . |
In poverty | 100% | 100% | 3,309 | 3,307 | -2 | 0% |
Current-law benefit type | ||||||
Retired worker only | 4% | 5% | 2,500 | 2,744 | 243 | 9% |
Widow(er) (includes dually entitled) | 4% | 5% | 498 | 639 | 141 | 28% |
Spousal (includes dually entitled) | 1% | 2% | 99 | 109 | 10 | 10% |
Disabled worker only | 6% | 7% | 212 | 233 | 21 | 9% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.19, Analysis 2.0. Run: 07/01/2021. Ref #: OACT0615v2 | ||||||
NOTES: Start date = 2022.
. . . = 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 | |||
---|---|---|---|---|---|---|
Without proposal | With proposal | Without proposal | With proposal | Change | ||
Total | 3% | 3% | 2,425 | 2,743 | 317 | 13% |
Sex | ||||||
Female | 3% | 3% | 1,304 | 1,492 | 187 | 14% |
Male | 2% | 3% | 1,121 | 1,251 | 129 | 11% |
Race/ethnicity | ||||||
Hispanic or Latino, any race | 3% | 4% | 769 | 893 | 123 | 16% |
White, non-Hispanic | 2% | 2% | 1,009 | 1,136 | 126 | 12% |
Black or African American, non-Hispanic | 4% | 5% | 392 | 430 | 37 | 9% |
All other races, non-Hispanic | 3% | 3% | 254 | 284 | 30 | 11% |
Country of birth | ||||||
United States | 2% | 2% | 1,586 | 1,795 | 208 | 13% |
Other countries | 4% | 4% | 839 | 948 | 109 | 12% |
Age | ||||||
60–69 | 3% | 3% | 795 | 828 | 32 | 4% |
70–79 | 3% | 3% | 906 | 996 | 89 | 9% |
80–89 | 3% | 3% | 585 | 727 | 141 | 24% |
90 or older | 2% | 2% | 139 | 192 | 52 | 38% |
Marital status | ||||||
Married | 1% | 1% | 292 | 320 | 27 | 9% |
Divorced | 3% | 4% | 613 | 681 | 68 | 11% |
Widowed | 3% | 4% | 473 | 575 | 101 | 21% |
Never married | 6% | 7% | 1,046 | 1,167 | 120 | 11% |
Highest education level | ||||||
Graduate | 1% | 1% | 156 | 172 | 16 | 10% |
Bachelor | 1% | 1% | 218 | 248 | 30 | 13% |
Associate | 2% | 2% | 405 | 467 | 62 | 15% |
High school | 4% | 4% | 1,033 | 1,176 | 143 | 13% |
Less than high school | 6% | 7% | 613 | 678 | 65 | 10% |
Current-law poverty status | ||||||
Above poverty | 0% | 0% | 0 | 321 | 321 | . . . |
In poverty | 100% | 100% | 2,425 | 2,422 | -3 | 0% |
Current-law benefit type | ||||||
Retired worker only | 3% | 3% | 1,958 | 2,181 | 222 | 11% |
Widow(er) (includes dually entitled) | 2% | 3% | 321 | 399 | 78 | 24% |
Spousal (includes dually entitled) | 1% | 1% | 41 | 42 | 1 | 4% |
Disabled worker only | 3% | 3% | 105 | 120 | 14 | 14% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.19, Analysis 2.0. Run: 07/01/2021. Ref #: OACT0615v2 | ||||||
NOTES: Start date = 2022.
. . . = 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 without proposal 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 | 79% | 0% | -5% | -3% | 0% | 5% | 127% | 397% | 5% | 122% | 383% |
Sex | |||||||||||
Female | 82% | 0% | -5% | -3% | 0% | 23% | 159% | 562% | 23% | 152% | 542% |
Male | 76% | 0% | -4% | -3% | 0% | 0% | 105% | 239% | 0% | 101% | 232% |
Race/ethnicity | |||||||||||
Hispanic or Latino, any race | 78% | 0% | -5% | -3% | 0% | 0% | 141% | 506% | 0% | 136% | 487% |
White, non-Hispanic | 81% | 0% | -5% | -3% | 0% | 14% | 122% | 359% | 14% | 118% | 345% |
Black or African American, non-Hispanic | 71% | 0% | -4% | -2% | 0% | 0% | 131% | 410% | 0% | 126% | 395% |
All other races, non-Hispanic | 77% | 0% | -5% | -3% | -1% | 0% | 132% | 493% | 0% | 126% | 475% |
Country of birth | |||||||||||
United States | 80% | 0% | -5% | -3% | 0% | 12% | 123% | 363% | 11% | 118% | 348% |
Other countries | 78% | 0% | -5% | -3% | -1% | 0% | 144% | 525% | 0% | 139% | 506% |
Highest education level | |||||||||||
Graduate | 89% | 0% | -5% | -4% | -1% | 24% | 113% | 245% | 24% | 108% | 233% |
Bachelor | 87% | 0% | -5% | -4% | -1% | 25% | 120% | 324% | 25% | 114% | 311% |
Associate | 80% | 0% | -5% | -3% | 0% | 16% | 127% | 340% | 16% | 122% | 329% |
High school | 75% | 0% | -5% | -3% | 0% | 0% | 133% | 475% | 0% | 128% | 459% |
Less than high school | 67% | 0% | -4% | -2% | 0% | 0% | 141% | 718% | 0% | 136% | 693% |
Current-law initial AIME quintile | |||||||||||
Highest | 94% | 0% | -5% | -3% | -1% | 36% | 93% | 136% | 35% | 90% | 130% |
Second highest | 86% | 0% | -5% | -3% | -1% | 21% | 118% | 175% | 21% | 113% | 167% |
Middle | 80% | 0% | -5% | -3% | 0% | 10% | 140% | 234% | 10% | 135% | 224% |
Second lowest | 74% | 0% | -5% | -3% | 0% | 23% | 205% | 444% | 23% | 198% | 432% |
Lowest | 61% | 0% | -5% | -3% | 0% | 0% | 228% | 1,369% | 0% | 220% | 1,327% |
Lifetime payroll tax quintile | |||||||||||
Highest | 95% | 0% | -5% | -4% | -2% | 40% | 94% | 134% | 40% | 90% | 128% |
Second highest | 87% | 0% | -5% | -3% | -1% | 23% | 118% | 173% | 23% | 113% | 164% |
Middle | 81% | 0% | -5% | -3% | 0% | 16% | 141% | 235% | 16% | 136% | 225% |
Second lowest | 75% | 0% | -5% | -3% | 0% | 18% | 193% | 403% | 18% | 186% | 388% |
Lowest | 58% | 0% | -5% | -2% | 0% | 0% | 270% | 1,384% | 0% | 262% | 1,338% |
Lifetime payroll tax quintile (shared) | |||||||||||
Highest | 96% | 0% | -5% | -4% | -2% | 47% | 101% | 169% | 46% | 97% | 160% |
Second highest | 89% | 0% | -5% | -3% | -1% | 33% | 118% | 237% | 33% | 114% | 226% |
Middle | 81% | 0% | -5% | -3% | 0% | 15% | 136% | 314% | 15% | 131% | 302% |
Second lowest | 76% | 0% | -5% | -3% | 0% | 9% | 165% | 490% | 9% | 160% | 475% |
Lowest | 54% | 0% | -4% | -2% | 0% | 0% | 183% | 1,028% | 0% | 179% | 993% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.19, Analysis 2.0. Run: 07/01/2021. Ref #: OACT0615v2 | |||||||||||
NOTES: Start date = 2022.
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 without proposal 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 | 81% | 0% | -5% | -3% | -1% | 0% | 119% | 375% | 0% | 114% | 359% |
Sex | |||||||||||
Female | 83% | 0% | -5% | -3% | -1% | 0% | 143% | 532% | 0% | 137% | 509% |
Male | 78% | 0% | -5% | -3% | -1% | 0% | 101% | 258% | 0% | 98% | 247% |
Race/ethnicity | |||||||||||
Hispanic or Latino, any race | 76% | 0% | -5% | -3% | -1% | 0% | 128% | 410% | 0% | 124% | 390% |
White, non-Hispanic | 85% | 0% | -5% | -3% | -1% | 14% | 118% | 372% | 14% | 113% | 355% |
Black or African American, non-Hispanic | 72% | 0% | -5% | -3% | 0% | 0% | 111% | 323% | 0% | 108% | 312% |
All other races, non-Hispanic | 75% | 0% | -5% | -4% | -1% | 0% | 106% | 410% | 0% | 102% | 396% |
Country of birth | |||||||||||
United States | 84% | 0% | -5% | -3% | -1% | 7% | 118% | 342% | 7% | 114% | 327% |
Other countries | 71% | 0% | -5% | -3% | -1% | 0% | 121% | 521% | 0% | 116% | 501% |
Highest education level | |||||||||||
Graduate | 88% | 0% | -5% | -4% | -1% | 21% | 105% | 271% | 21% | 100% | 258% |
Bachelor | 85% | 0% | -5% | -4% | -1% | 5% | 107% | 291% | 5% | 103% | 277% |
Associate | 82% | 0% | -5% | -3% | -1% | 0% | 120% | 329% | 0% | 116% | 315% |
High school | 78% | 0% | -5% | -3% | -1% | 0% | 130% | 483% | 0% | 126% | 458% |
Less than high school | 70% | 0% | -4% | -3% | -1% | 0% | 126% | 612% | 0% | 123% | 582% |
Current-law initial AIME quintile | |||||||||||
Highest | 94% | 0% | -5% | -3% | -1% | 37% | 87% | 124% | 36% | 83% | 118% |
Second highest | 90% | 0% | -5% | -3% | -1% | 34% | 117% | 176% | 34% | 112% | 168% |
Middle | 85% | 0% | -5% | -3% | -1% | 28% | 145% | 258% | 28% | 140% | 245% |
Second lowest | 80% | 0% | -5% | -3% | 0% | 0% | 204% | 522% | 0% | 198% | 499% |
Lowest | 54% | 0% | -6% | -3% | -1% | 0% | 122% | 1,803% | 0% | 119% | 1,745% |
Lifetime payroll tax quintile | |||||||||||
Highest | 96% | 0% | -5% | -4% | -2% | 40% | 88% | 125% | 39% | 84% | 118% |
Second highest | 90% | 0% | -5% | -3% | -1% | 36% | 117% | 178% | 36% | 113% | 169% |
Middle | 86% | 0% | -5% | -3% | -1% | 29% | 144% | 261% | 29% | 139% | 249% |
Second lowest | 81% | 0% | -5% | -3% | 0% | 0% | 197% | 467% | 0% | 191% | 445% |
Lowest | 51% | 0% | -6% | -3% | 0% | 0% | 121% | 1,917% | 0% | 118% | 1,836% |
Lifetime payroll tax quintile (shared) | |||||||||||
Highest | 96% | 0% | -5% | -4% | -2% | 42% | 90% | 149% | 41% | 86% | 142% |
Second highest | 92% | 0% | -5% | -3% | -1% | 43% | 119% | 247% | 42% | 115% | 234% |
Middle | 86% | 0% | -5% | -3% | -1% | 31% | 139% | 330% | 31% | 134% | 316% |
Second lowest | 81% | 0% | -5% | -3% | 0% | 7% | 176% | 565% | 7% | 170% | 535% |
Lowest | 48% | 0% | -5% | -2% | 0% | 0% | 66% | 922% | 0% | 66% | 887% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.19, Analysis 2.0. Run: 07/01/2021. Ref #: OACT0615v2 | |||||||||||
NOTES: Start date = 2022.
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 without proposal 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 | 82% | 0% | -5% | -3% | -1% | 0% | 116% | 343% | 0% | 111% | 328% |
Sex | |||||||||||
Female | 84% | 0% | -5% | -4% | -1% | 0% | 137% | 486% | 0% | 131% | 464% |
Male | 80% | 0% | -5% | -3% | -1% | 0% | 99% | 245% | 0% | 95% | 235% |
Race/ethnicity | |||||||||||
Hispanic or Latino, any race | 79% | 0% | -5% | -3% | -1% | 0% | 124% | 369% | 0% | 119% | 352% |
White, non-Hispanic | 86% | 0% | -5% | -3% | -1% | 17% | 115% | 338% | 17% | 110% | 323% |
Black or African American, non-Hispanic | 76% | 0% | -5% | -3% | -1% | 0% | 112% | 306% | 0% | 109% | 294% |
All other races, non-Hispanic | 78% | 0% | -5% | -4% | -1% | 0% | 100% | 327% | 0% | 95% | 313% |
Country of birth | |||||||||||
United States | 85% | 0% | -5% | -3% | -1% | 11% | 116% | 318% | 11% | 111% | 303% |
Other countries | 73% | 0% | -5% | -3% | -1% | 0% | 116% | 475% | 0% | 112% | 450% |
Highest education level | |||||||||||
Graduate | 89% | 0% | -5% | -4% | -2% | 25% | 106% | 255% | 25% | 101% | 241% |
Bachelor | 87% | 0% | -5% | -4% | -1% | 8% | 103% | 272% | 8% | 98% | 262% |
Associate | 82% | 0% | -5% | -3% | -1% | 0% | 118% | 309% | 0% | 113% | 296% |
High school | 80% | 0% | -5% | -3% | -1% | 0% | 124% | 413% | 0% | 119% | 392% |
Less than high school | 73% | 0% | -5% | -3% | -1% | 0% | 127% | 547% | 0% | 123% | 526% |
Current-law initial AIME quintile | |||||||||||
Highest | 95% | 0% | -5% | -4% | -2% | 39% | 85% | 121% | 38% | 81% | 115% |
Second highest | 91% | 0% | -5% | -3% | -1% | 40% | 114% | 170% | 39% | 110% | 163% |
Middle | 86% | 0% | -5% | -3% | -1% | 29% | 138% | 246% | 29% | 133% | 235% |
Second lowest | 81% | 0% | -5% | -3% | 0% | 11% | 189% | 452% | 10% | 183% | 428% |
Lowest | 56% | 0% | -6% | -3% | -1% | 0% | 128% | 1,529% | 0% | 125% | 1,450% |
Lifetime payroll tax quintile | |||||||||||
Highest | 96% | 0% | -5% | -4% | -2% | 41% | 85% | 121% | 40% | 81% | 115% |
Second highest | 92% | 0% | -5% | -3% | -1% | 41% | 116% | 173% | 41% | 111% | 164% |
Middle | 87% | 0% | -5% | -3% | -1% | 31% | 139% | 254% | 31% | 134% | 240% |
Second lowest | 82% | 0% | -5% | -3% | 0% | 13% | 183% | 414% | 13% | 176% | 394% |
Lowest | 54% | 0% | -6% | -3% | -1% | 0% | 126% | 1,578% | 0% | 123% | 1,495% |
Lifetime payroll tax quintile (shared) | |||||||||||
Highest | 97% | 0% | -5% | -4% | -2% | 44% | 87% | 139% | 43% | 84% | 131% |
Second highest | 93% | 0% | -5% | -4% | -1% | 45% | 117% | 231% | 45% | 112% | 219% |
Middle | 88% | 0% | -5% | -3% | -1% | 34% | 136% | 307% | 33% | 130% | 293% |
Second lowest | 82% | 0% | -5% | -3% | 0% | 12% | 167% | 512% | 12% | 162% | 487% |
Lowest | 51% | 0% | -5% | -3% | 0% | 0% | 89% | 792% | 0% | 88% | 757% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.19, Analysis 2.0. Run: 07/01/2021. Ref #: OACT0615v2 | |||||||||||
NOTES: Start date = 2022.
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 without proposal 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 | 26% | 0% | -1% | 0% | 0% | 24% | 46% | 79% | 24% | 45% | 78% |
Sex | |||||||||||
Female | 28% | 0% | -1% | 0% | 0% | 28% | 51% | 90% | 28% | 51% | 90% |
Male | 25% | 0% | -1% | 0% | 0% | 22% | 42% | 66% | 22% | 41% | 65% |
Race/ethnicity | |||||||||||
Hispanic or Latino, any race | 20% | 0% | -1% | 0% | 0% | 28% | 50% | 84% | 27% | 50% | 83% |
White, non-Hispanic | 28% | 0% | -1% | 0% | 0% | 23% | 43% | 74% | 23% | 43% | 73% |
Black or African American, non-Hispanic | 21% | 0% | -1% | 0% | 0% | 28% | 51% | 85% | 28% | 50% | 84% |
All other races, non-Hispanic | 35% | 0% | -1% | 0% | 0% | 24% | 48% | 90% | 24% | 48% | 90% |
Country of birth | |||||||||||
United States | 25% | 0% | -1% | 0% | 0% | 23% | 44% | 75% | 23% | 44% | 74% |
Other countries | 31% | 0% | -1% | 0% | 0% | 28% | 53% | 90% | 28% | 53% | 90% |
Highest education level | |||||||||||
Graduate | 50% | 0% | -1% | 0% | 0% | 21% | 41% | 71% | 21% | 41% | 70% |
Bachelor | 38% | 0% | -1% | 0% | 0% | 22% | 42% | 77% | 22% | 41% | 76% |
Associate | 21% | 0% | -1% | 0% | 0% | 24% | 45% | 74% | 24% | 44% | 73% |
High school | 19% | 0% | -1% | 0% | 0% | 27% | 48% | 81% | 26% | 47% | 81% |
Less than high school | 13% | 0% | -1% | 0% | 0% | 33% | 56% | 90% | 33% | 55% | 90% |
Current-law initial AIME quintile | |||||||||||
Highest | 42% | 0% | -1% | 0% | 0% | 17% | 31% | 47% | 16% | 31% | 47% |
Second highest | 32% | 0% | -1% | 0% | 0% | 24% | 38% | 56% | 24% | 37% | 55% |
Middle | 24% | 0% | -1% | 0% | 0% | 29% | 43% | 63% | 29% | 43% | 62% |
Second lowest | 19% | 0% | -1% | 0% | 0% | 38% | 51% | 77% | 38% | 51% | 76% |
Lowest | 15% | 0% | -1% | 0% | 0% | 53% | 70% | 119% | 53% | 70% | 117% |
Lifetime payroll tax quintile | |||||||||||
Highest | 48% | 0% | -1% | 0% | 0% | 16% | 33% | 50% | 16% | 33% | 49% |
Second highest | 31% | 0% | -1% | 0% | 0% | 23% | 37% | 57% | 22% | 37% | 56% |
Middle | 23% | 0% | -1% | 0% | 0% | 31% | 43% | 63% | 30% | 42% | 62% |
Second lowest | 18% | 0% | -1% | 0% | 0% | 37% | 50% | 78% | 37% | 50% | 76% |
Lowest | 13% | 0% | -1% | 0% | 0% | 52% | 68% | 113% | 52% | 68% | 111% |
Lifetime payroll tax quintile (shared) | |||||||||||
Highest | 47% | 0% | -1% | 0% | 0% | 18% | 36% | 53% | 18% | 36% | 53% |
Second highest | 30% | 0% | -1% | 0% | 0% | 22% | 38% | 62% | 22% | 38% | 61% |
Middle | 24% | 0% | -1% | 0% | 0% | 28% | 43% | 69% | 28% | 43% | 68% |
Second lowest | 18% | 0% | -1% | 0% | 0% | 33% | 50% | 82% | 33% | 49% | 81% |
Lowest | 12% | 0% | -1% | 0% | 0% | 46% | 63% | 92% | 46% | 63% | 91% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.19, Analysis 2.0. Run: 07/01/2021. Ref #: OACT0615v2 | |||||||||||
NOTES: Start date = 2022.
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 without proposal 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 | 27% | 0% | -1% | 0% | 0% | 24% | 47% | 85% | 24% | 47% | 84% |
Sex | |||||||||||
Female | 30% | 0% | -1% | 0% | 0% | 27% | 53% | 90% | 27% | 52% | 90% |
Male | 24% | 0% | -1% | 0% | 0% | 22% | 43% | 73% | 22% | 43% | 72% |
Race/ethnicity | |||||||||||
Hispanic or Latino, any race | 20% | 0% | -1% | 0% | 0% | 28% | 51% | 90% | 28% | 51% | 90% |
White, non-Hispanic | 29% | 0% | -1% | 0% | 0% | 23% | 45% | 81% | 23% | 44% | 80% |
Black or African American, non-Hispanic | 21% | 0% | -1% | 0% | 0% | 26% | 51% | 83% | 26% | 51% | 83% |
All other races, non-Hispanic | 42% | 0% | -1% | 0% | 0% | 22% | 46% | 90% | 22% | 46% | 89% |
Country of birth | |||||||||||
United States | 26% | 0% | -1% | 0% | 0% | 23% | 46% | 81% | 23% | 45% | 80% |
Other countries | 29% | 0% | -1% | 0% | 0% | 27% | 54% | 90% | 27% | 53% | 90% |
Highest education level | |||||||||||
Graduate | 46% | 0% | -1% | 0% | 0% | 21% | 42% | 75% | 21% | 41% | 74% |
Bachelor | 39% | 0% | -1% | 0% | 0% | 21% | 43% | 82% | 21% | 42% | 81% |
Associate | 21% | 0% | -1% | 0% | 0% | 24% | 45% | 76% | 24% | 45% | 75% |
High school | 18% | 0% | -1% | 0% | 0% | 28% | 51% | 89% | 28% | 51% | 88% |
Less than high school | 13% | 0% | -1% | 0% | 0% | 31% | 57% | 90% | 30% | 56% | 90% |
Current-law initial AIME quintile | |||||||||||
Highest | 43% | 0% | -1% | 0% | 0% | 16% | 31% | 46% | 16% | 31% | 46% |
Second highest | 29% | 0% | -1% | 0% | 0% | 23% | 38% | 56% | 23% | 38% | 56% |
Middle | 22% | 0% | -1% | 0% | 0% | 29% | 45% | 65% | 29% | 44% | 63% |
Second lowest | 21% | 0% | -1% | 0% | 0% | 41% | 55% | 84% | 41% | 55% | 83% |
Lowest | 20% | 0% | -1% | 0% | 0% | 58% | 74% | 135% | 58% | 74% | 133% |
Lifetime payroll tax quintile | |||||||||||
Highest | 49% | 0% | -1% | 0% | 0% | 16% | 33% | 49% | 16% | 33% | 48% |
Second highest | 28% | 0% | -1% | 0% | 0% | 22% | 37% | 58% | 22% | 37% | 57% |
Middle | 21% | 0% | -1% | 0% | 0% | 30% | 45% | 66% | 30% | 45% | 65% |
Second lowest | 19% | 0% | -1% | 0% | 0% | 39% | 54% | 85% | 39% | 54% | 84% |
Lowest | 18% | 0% | -1% | 0% | 0% | 57% | 73% | 127% | 57% | 72% | 125% |
Lifetime payroll tax quintile (shared) | |||||||||||
Highest | 48% | 0% | -1% | 0% | 0% | 17% | 35% | 52% | 17% | 35% | 51% |
Second highest | 31% | 0% | -1% | 0% | 0% | 21% | 39% | 62% | 21% | 39% | 62% |
Middle | 22% | 0% | -1% | 0% | 0% | 27% | 44% | 73% | 27% | 44% | 71% |
Second lowest | 19% | 0% | -1% | 0% | 0% | 35% | 53% | 88% | 35% | 52% | 87% |
Lowest | 16% | 0% | -1% | 0% | 0% | 50% | 67% | 108% | 50% | 67% | 106% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.19, Analysis 2.0. Run: 07/01/2021. Ref #: OACT0615v2 | |||||||||||
NOTES: Start date = 2022.
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 without proposal 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 | 27% | 0% | -1% | 0% | 0% | 24% | 48% | 84% | 24% | 47% | 83% |
Sex | |||||||||||
Female | 30% | 0% | -1% | 0% | 0% | 28% | 52% | 90% | 28% | 52% | 90% |
Male | 23% | 0% | -1% | 0% | 0% | 22% | 44% | 73% | 22% | 44% | 73% |
Race/ethnicity | |||||||||||
Hispanic or Latino, any race | 20% | 0% | -1% | 0% | 0% | 27% | 50% | 88% | 27% | 50% | 87% |
White, non-Hispanic | 29% | 0% | -1% | 0% | 0% | 23% | 46% | 81% | 23% | 45% | 81% |
Black or African American, non-Hispanic | 20% | 0% | -1% | 0% | 0% | 26% | 52% | 84% | 26% | 52% | 83% |
All other races, non-Hispanic | 41% | 0% | -1% | 0% | 0% | 22% | 45% | 84% | 22% | 44% | 84% |
Country of birth | |||||||||||
United States | 26% | 0% | -1% | 0% | 0% | 23% | 47% | 81% | 23% | 46% | 81% |
Other countries | 30% | 0% | -1% | 0% | 0% | 26% | 51% | 90% | 26% | 51% | 90% |
Highest education level | |||||||||||
Graduate | 46% | 0% | -1% | 0% | 0% | 21% | 43% | 80% | 21% | 43% | 79% |
Bachelor | 39% | 0% | -1% | 0% | 0% | 21% | 42% | 79% | 21% | 41% | 78% |
Associate | 19% | 0% | -1% | 0% | 0% | 25% | 47% | 77% | 25% | 47% | 76% |
High school | 18% | 0% | -1% | 0% | 0% | 28% | 50% | 88% | 28% | 50% | 87% |
Less than high school | 15% | 0% | -1% | 0% | 0% | 31% | 57% | 90% | 31% | 57% | 90% |
Current-law initial AIME quintile | |||||||||||
Highest | 43% | 0% | -1% | 0% | 0% | 16% | 31% | 47% | 16% | 31% | 46% |
Second highest | 30% | 0% | -1% | 0% | 0% | 24% | 39% | 57% | 24% | 39% | 56% |
Middle | 23% | 0% | -1% | 0% | 0% | 31% | 45% | 65% | 31% | 45% | 64% |
Second lowest | 18% | 0% | -1% | 0% | 0% | 41% | 55% | 84% | 41% | 55% | 83% |
Lowest | 18% | 0% | -1% | 0% | 0% | 58% | 74% | 128% | 58% | 74% | 126% |
Lifetime payroll tax quintile | |||||||||||
Highest | 47% | 0% | -1% | 0% | 0% | 16% | 33% | 49% | 16% | 33% | 48% |
Second highest | 30% | 0% | -1% | 0% | 0% | 23% | 39% | 58% | 23% | 39% | 57% |
Middle | 21% | 0% | -1% | 0% | 0% | 31% | 45% | 66% | 31% | 45% | 65% |
Second lowest | 17% | 0% | -1% | 0% | 0% | 40% | 54% | 83% | 40% | 54% | 82% |
Lowest | 17% | 0% | -1% | 0% | 0% | 57% | 73% | 122% | 57% | 73% | 120% |
Lifetime payroll tax quintile (shared) | |||||||||||
Highest | 47% | 0% | -1% | 0% | 0% | 16% | 35% | 51% | 16% | 35% | 51% |
Second highest | 30% | 0% | -1% | 0% | 0% | 22% | 40% | 63% | 22% | 39% | 63% |
Middle | 23% | 0% | -1% | 0% | 0% | 29% | 45% | 72% | 29% | 45% | 71% |
Second lowest | 18% | 0% | -1% | 0% | 0% | 37% | 53% | 88% | 37% | 53% | 86% |
Lowest | 15% | 0% | -1% | 0% | 0% | 50% | 67% | 102% | 50% | 67% | 101% |
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.19, Analysis 2.0. Run: 07/01/2021. Ref #: OACT0615v2 | |||||||||||
NOTES: Start date = 2022.
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 A3.