Social Security: A Program and Policy History
by Patricia P. Martin and David A. Weaver
Social Security Bulletin, Vol. 66, No. 1, 2005
Social Security Bulletin, Vol. 66, No. 1, 2005
Year | Percent |
---|---|
1937 | 2.00 |
1938 | 2.00 |
1939 | 2.00 |
1940 | 2.00 |
1941 | 2.00 |
1942 | 2.00 |
1943 | 2.00 |
1944 | 2.00 |
1945 | 2.00 |
1946 | 2.00 |
1947 | 2.00 |
1948 | 2.00 |
1949 | 2.00 |
1950 | 3.00 |
1951 | 3.00 |
1952 | 3.00 |
1953 | 3.00 |
1954 | 4.00 |
1955 | 4.00 |
1956 | 4.00 |
1957 | 4.50 |
1958 | 4.50 |
1959 | 5.00 |
1960 | 6.00 |
1961 | 6.00 |
1962 | 6.25 |
1963 | 7.25 |
1964 | 7.25 |
1965 | 7.25 |
1966 | 7.70 |
1967 | 7.80 |
1968 | 7.60 |
1969 | 8.40 |
1970 | 8.40 |
1971 | 9.20 |
1972 | 9.20 |
1973 | 9.70 |
1974 | 9.90 |
1975 | 9.90 |
1976 | 9.90 |
1977 | 9.90 |
1978 | 10.10 |
1979 | 10.16 |
1980 | 10.16 |
1981 | 10.70 |
1982 | 10.80 |
1983 | 10.80 |
1984 | 11.40 |
1985 | 11.40 |
1986 | 11.40 |
1987 | 11.40 |
1988 | 12.12 |
1989 | 12.12 |
1990 | 12.40 |
1991 | 12.40 |
1992 | 12.40 |
1993 | 12.40 |
1994 | 12.40 |
1995 | 12.40 |
1996 | 12.40 |
1997 | 12.40 |
1998 | 12.40 |
1999 | 12.40 |
2000 | 12.40 |
2001 | 12.40 |
2002 | 12.40 |
2003 | 12.40 |
SOURCE: Based on data from the Annual Statistical Supplement to the Social Security Bulletin (SSA 2003, Table 2.A3). |
Year | Annual maximum taxable earnings |
---|---|
1937 | 3,000 |
1938 | 3,000 |
1939 | 3,000 |
1940 | 3,000 |
1941 | 3,000 |
1942 | 3,000 |
1943 | 3,000 |
1944 | 3,000 |
1945 | 3,000 |
1946 | 3,000 |
1947 | 3,000 |
1948 | 3,000 |
1949 | 3,000 |
1950 | 3,000 |
1951 | 3,600 |
1952 | 3,600 |
1953 | 3,600 |
1954 | 3,600 |
1955 | 4,200 |
1956 | 4,200 |
1957 | 4,200 |
1958 | 4,200 |
1959 | 4,800 |
1960 | 4,800 |
1961 | 4,800 |
1962 | 4,800 |
1963 | 4,800 |
1964 | 4,800 |
1965 | 4,800 |
1966 | 6,600 |
1967 | 6,600 |
1968 | 7,800 |
1969 | 7,800 |
1970 | 7,800 |
1971 | 7,800 |
1972 | 9,000 |
1973 | 10,800 |
1974 | 13,200 |
1975 | 14,100 |
1976 | 15,300 |
1977 | 16,500 |
1978 | 17,700 |
1979 | 22,900 |
1980 | 25,900 |
1981 | 29,700 |
1982 | 32,400 |
1983 | 35,700 |
1984 | 37,800 |
1985 | 39,600 |
1986 | 42,000 |
1987 | 43,800 |
1988 | 45,000 |
1989 | 48,000 |
1990 | 51,300 |
1991 | 53,400 |
1992 | 55,500 |
1993 | 57,600 |
1994 | 60,600 |
1995 | 61,200 |
1996 | 62,700 |
1997 | 65,400 |
1998 | 68,400 |
1999 | 72,600 |
2000 | 76,200 |
2001 | 80,400 |
2002 | 84,900 |
2003 | 87,000 |
SOURCE: Based on data from the Annual Statistical Supplement to the Social Security Bulletin (SSA 2003, Table 2.A3). |
Year | Percent |
---|---|
1937 | 0 |
1938 | 0 |
1939 | 0 |
1940 | 0 |
1941 | 0 |
1942 | 0 |
1943 | 0 |
1944 | 0 |
1945 | 0 |
1946 | 0 |
1947 | 0 |
1948 | 0 |
1949 | 0 |
1950 | 77.0 |
1951 | 0 |
1952 | 12.5 |
1953 | 0 |
1954 | 13.0 |
1955 | 0 |
1956 | 0 |
1957 | 0 |
1958 | 0 |
1959 | 7.0 |
1960 | 0 |
1961 | 0 |
1962 | 0 |
1963 | 0 |
1964 | 0 |
1965 | 7.0 |
1966 | 0 |
1967 | 0 |
1968 | 13.0 |
1969 | 0 |
1970 | 15.0 |
1971 | 10.0 |
1972 | 20.0 |
1973 | 0 |
1974 | 11.0 |
1975 | 8.0 |
1976 | 6.4 |
1977 | 5.9 |
1978 | 6.5 |
1979 | 9.9 |
1980 | 14.3 |
1981 | 11.2 |
1982 | 7.4 |
1983 | 3.5 |
1984 | 3.5 |
1985 | 3.1 |
1986 | 1.3 |
1987 | 4.2 |
1988 | 4.0 |
1989 | 4.7 |
1990 | 5.4 |
1991 | 3.7 |
1992 | 3.0 |
1993 | 2.6 |
1994 | 2.8 |
1995 | 2.6 |
1996 | 2.9 |
1997 | 2.1 |
1998 | 1.3 |
1999 | 2.5 |
2000 | 3.5 |
2001 | 2.6 |
2002 | 1.4 |
2003 | 2.1 |
SOURCE: Based on data from the Congressional Research Service (2000). |
Year | Percent |
---|---|
1939 | 55.1 |
1940 | 51.9 |
1941 | 56.0 |
1942 | 57.5 |
1943 | 58.7 |
1944 | 58.6 |
1946 | 57.2 |
1947 | 58.6 |
1949 | 58.4 |
1950 | 60.5 |
1951 | 73.7 |
1952 | 75.6 |
1953 | 76.1 |
1954 | 75.2 |
1955 | 80.5 |
1956 | 84.0 |
1957 | 84.6 |
1958 | 84.8 |
1959 | 85.2 |
1960 | 86.2 |
1961 | 85.9 |
1962 | 86.3 |
1963 | 86.5 |
1964 | 86.7 |
1965 | 87.6 |
1966 | 88.2 |
1967 | 88.3 |
1968 | 88.4 |
1969 | 87.9 |
1970 | 89.9 |
1971 | 90.1 |
1972 | 90.4 |
1973 | 90.6 |
1974 | 90.5 |
1975 | 90.6 |
1976 | 90.9 |
1977 | 91.0 |
1978 | 91.2 |
1979 | 91.3 |
1980 | 90.3 |
1981 | 91.1 |
1982 | 91.4 |
1983 | 91.6 |
1984 | 92.7 |
1985 | 92.9 |
1986 | 94.6 |
1987 | 94.9 |
1988 | 95.0 |
1989 | 95.2 |
1990 | 94.8 |
1991 | 94.9 |
1992 | 95.1 |
1993 | 95.3 |
1994 | 95.6 |
1995 | 95.6 |
1996 | 95.7 |
1997 | 95.9 |
1998 | 96.0 |
1999 | 96.0 |
2000 | 96.0 |
2001 | 96.0 |
2002 | 96.0 |
SOURCE: Based on various editions of the Green Book and Social Security publications. |
Year | Percent |
---|---|
1948 | 27.0 |
1949 | 27.3 |
1950 | 26.7 |
1951 | 25.8 |
1952 | 24.8 |
1953 | 24.8 |
1954 | 23.9 |
1955 | 24.1 |
1956 | 24.3 |
1957 | 22.9 |
1958 | 21.8 |
1959 | 21.1 |
1960 | 20.8 |
1961 | 20.1 |
1962 | 19.1 |
1963 | 17.9 |
1964 | 18.0 |
1965 | 17.8 |
1966 | 17.2 |
1967 | 17.2 |
1968 | 17.2 |
1969 | 17.3 |
1970 | 17.0 |
1971 | 16.2 |
1972 | 15.6 |
1973 | 14.6 |
1974 | 14.0 |
1975 | 13.7 |
1976 | 13.1 |
1977 | 13.0 |
1978 | 13.3 |
1979 | 13.1 |
1980 | 12.5 |
1981 | 12.2 |
1982 | 11.9 |
1983 | 11.7 |
1984 | 11.1 |
1985 | 10.8 |
1986 | 10.9 |
1987 | 11.1 |
1988 | 11.5 |
1989 | 11.8 |
1990 | 11.8 |
1991 | 11.5 |
1992 | 11.5 |
1993 | 11.2 |
1994 | 12.4 |
1995 | 12.1 |
1996 | 12.1 |
1997 | 12.2 |
1998 | 11.9 |
1999 | 12.3 |
2000 | 12.9 |
2001 | 13.0 |
2002 | 13.2 |
2003 | 14.0 |
SOURCE: Based on unpublished data from the Current Population Survey (Census Bureau and Bureau of Labor Statistics). |
Year | Percent |
---|---|
1948 | 63.5 |
1949 | 63.7 |
1950 | 64.3 |
1951 | 64.6 |
1952 | 64.7 |
1953 | 64.9 |
1954 | 65.1 |
1955 | 65.8 |
1956 | 66.5 |
1957 | 66.5 |
1958 | 66.8 |
1959 | 66.9 |
1960 | 67.2 |
1961 | 67.4 |
1962 | 67.3 |
1963 | 67.7 |
1964 | 67.9 |
1965 | 68.1 |
1966 | 68.4 |
1967 | 68.9 |
1968 | 69.0 |
1969 | 69.4 |
1970 | 69.8 |
1971 | 69.7 |
1972 | 69.9 |
1973 | 70.3 |
1974 | 70.9 |
1975 | 71.1 |
1976 | 71.7 |
1977 | 72.4 |
1978 | 73.4 |
1979 | 74.1 |
1980 | 74.5 |
1981 | 74.9 |
1982 | 75.2 |
1983 | 75.4 |
1984 | 75.9 |
1985 | 76.6 |
1986 | 77.1 |
1987 | 77.7 |
1988 | 78.0 |
1989 | 78.7 |
1990 | 78.8 |
1991 | 78.6 |
1992 | 79.0 |
1993 | 78.9 |
1994 | 79.0 |
1995 | 79.1 |
1996 | 79.5 |
1997 | 79.9 |
1998 | 79.8 |
1999 | 79.8 |
2000 | 79.7 |
2001 | 79.4 |
2002 | 79.2 |
2003 | 78.8 |
SOURCE: Based on unpublished data from the Current Population Survey (Census Bureau and Bureau of Labor Statistics). |
Year | Rate |
---|---|
1940 | 2.23 |
1941 | 2.33 |
1942 | 2.55 |
1943 | 2.64 |
1944 | 2.49 |
1945 | 2.42 |
1946 | 2.86 |
1947 | 3.18 |
1948 | 3.03 |
1949 | 3.04 |
1950 | 3.03 |
1951 | 3.20 |
1952 | 3.29 |
1953 | 3.35 |
1954 | 3.46 |
1955 | 3.50 |
1956 | 3.60 |
1957 | 3.68 |
1958 | 3.63 |
1959 | 3.64 |
1960 | 3.61 |
1961 | 3.56 |
1962 | 3.42 |
1963 | 3.30 |
1964 | 3.17 |
1965 | 2.88 |
1966 | 2.67 |
1967 | 2.53 |
1968 | 2.43 |
1969 | 2.42 |
1970 | 2.43 |
1971 | 2.25 |
1972 | 1.99 |
1973 | 1.86 |
1974 | 1.82 |
1975 | 1.77 |
1976 | 1.74 |
1977 | 1.80 |
1978 | 1.76 |
1979 | 1.82 |
1980 | 1.82 |
1981 | 1.80 |
1982 | 1.81 |
1983 | 1.78 |
1984 | 1.79 |
1985 | 1.84 |
1986 | 1.83 |
1987 | 1.86 |
1988 | 1.92 |
1989 | 2.00 |
1990 | 2.07 |
1991 | 2.06 |
1992 | 2.04 |
1993 | 2.02 |
1994 | 2.00 |
1995 | 1.98 |
1996 | 1.98 |
1997 | 1.97 |
1998 | 2.00 |
1999 | 2.01 |
2000 | 2.06 |
2001 | 2.03 |
2002 | 2.01 |
2003 | 2.02 |
SOURCE: Based on data from the 2004 OASDI Trustees Report (Board of Trustees 2004, Tables V.A1 and V.A4). |
Year | Male | Female |
---|---|---|
1940 | 12.7 | 14.7 |
1941 | 12.8 | 14.9 |
1942 | 12.8 | 15.0 |
1943 | 12.9 | 15.1 |
1944 | 12.9 | 15.3 |
1945 | 13.0 | 15.4 |
1946 | 13.0 | 15.6 |
1947 | 13.0 | 15.7 |
1948 | 13.1 | 15.9 |
1949 | 13.1 | 16.0 |
1950 | 13.1 | 16.2 |
1951 | 13.1 | 16.3 |
1952 | 13.1 | 16.4 |
1953 | 13.1 | 16.5 |
1954 | 13.1 | 16.6 |
1955 | 13.1 | 16.7 |
1956 | 13.1 | 16.9 |
1957 | 13.2 | 17.0 |
1958 | 13.2 | 17.2 |
1959 | 13.2 | 17.3 |
1960 | 13.2 | 17.4 |
1961 | 13.3 | 17.6 |
1962 | 13.3 | 17.7 |
1963 | 13.4 | 17.8 |
1964 | 13.4 | 17.9 |
1965 | 13.5 | 18.0 |
1966 | 13.5 | 18.2 |
1967 | 13.6 | 18.3 |
1968 | 13.7 | 18.4 |
1969 | 13.7 | 18.5 |
1970 | 13.8 | 18.5 |
1971 | 13.9 | 18.6 |
1972 | 14.0 | 18.6 |
1973 | 14.1 | 18.7 |
1974 | 14.1 | 18.7 |
1975 | 14.2 | 18.7 |
1976 | 14.3 | 18.7 |
1977 | 14.4 | 18.7 |
1978 | 14.5 | 18.7 |
1979 | 14.6 | 18.7 |
1980 | 14.7 | 18.7 |
1981 | 14.8 | 18.8 |
1982 | 14.9 | 18.8 |
1983 | 15.0 | 18.8 |
1984 | 15.1 | 18.8 |
1985 | 15.2 | 18.8 |
1986 | 15.3 | 18.8 |
1987 | 15.3 | 18.9 |
1988 | 15.4 | 18.9 |
1989 | 15.5 | 18.9 |
1990 | 15.6 | 19.0 |
1991 | 15.7 | 19.0 |
1992 | 15.8 | 19.0 |
1993 | 15.9 | 19.1 |
1994 | 16.0 | 19.1 |
1995 | 16.0 | 19.1 |
1996 | 16.1 | 19.2 |
1997 | 16.2 | 19.2 |
1998 | 16.3 | 19.3 |
1999 | 16.4 | 19.3 |
2000 | 16.5 | 19.4 |
2001 | 16.6 | 19.4 |
2002 | 16.6 | 19.5 |
2003 | 16.7 | 19.5 |
SOURCE: Based on data from the 2004 OASDI Trustees Report (Board of Trustees 2004, Tables V.A1 and V.A4). |
Year | Percent |
---|---|
1937 | 0 |
1938 | 0 |
1939 | 0 |
1940 | 0.10 |
1941 | 0.08 |
1942 | 0.12 |
1943 | 0.10 |
1944 | 0.09 |
1945 | 0.13 |
1946 | 0.18 |
1947 | 0.20 |
1948 | 0.22 |
1949 | 0.26 |
1950 | 0.34 |
1951 | 0.59 |
1952 | 0.64 |
1953 | 0.82 |
1954 | 0.97 |
1955 | 1.23 |
1956 | 1.33 |
1957 | 1.65 |
1958 | 1.90 |
1959 | 2.13 |
1960 | 2.24 |
1961 | 2.46 |
1962 | 2.60 |
1963 | 2.62 |
1964 | 2.56 |
1965 | 2.67 |
1966 | 2.65 |
1967 | 2.70 |
1968 | 2.86 |
1969 | 2.83 |
1970 | 3.19 |
1971 | 3.42 |
1972 | 3.50 |
1973 | 3.84 |
1974 | 4.04 |
1975 | 4.22 |
1976 | 4.28 |
1977 | 4.30 |
1978 | 4.18 |
1979 | 4.19 |
1980 | 4.43 |
1981 | 4.62 |
1982 | 4.92 |
1983 | 4.84 |
1984 | 4.59 |
1985 | 4.52 |
1986 | 4.52 |
1987 | 4.41 |
1988 | 4.36 |
1989 | 4.31 |
1990 | 4.36 |
1991 | 4.57 |
1992 | 4.61 |
1993 | 4.64 |
1994 | 4.57 |
1995 | 4.59 |
1996 | 4.52 |
1997 | 4.44 |
1998 | 4.37 |
1999 | 4.24 |
2000 | 4.23 |
2001 | 4.33 |
2002 | 4.40 |
2003 | 4.35 |
SOURCES: Calculations are based on data from the 2004 OASDI Trustees Report (Board of Trustees 2004, Tables VI.A2 and VI.A4) and on historical data on GDP from the Bureau of Economic Analysis. |
All beneficiaries | Retirees and dependents | Disabled and dependents | |
---|---|---|---|
1945 | 0.79 | 0.79 | . . . |
1950 | 1.93 | 1.93 | . . . |
1955 | 4.58 | 4.58 | . . . |
1960 | 7.89 | 7.60 | 0.29 |
1965 | 10.37 | 9.53 | 0.85 |
1970 | 12.28 | 11.03 | 1.25 |
1975 | 14.41 | 12.50 | 1.91 |
1980 | 15.46 | 13.37 | 2.08 |
1985 | 15.40 | 13.78 | 1.63 |
1990 | 15.81 | 14.13 | 1.68 |
1995 | 16.19 | 14.04 | 2.15 |
2000 | 16.00 | 13.66 | 2.34 |
SOURCES: Calculations are based on data from the 2004 OASDI Trustees Report (Board of Trustees 2004, Table IV.B2) and from the Statistical Abstract of the United States: 2003 (Census 2004, Table No. HS-3). | |||
NOTE: . . . = not applicable. |
Year | Under 18 | 18 to 64 | 65 or older |
---|---|---|---|
1959 | 27.3 | 17.0 | 35.2 |
1966 | 17.6 | 10.5 | 28.5 |
1967 | 16.6 | 10.0 | 29.5 |
1968 | 15.6 | 9.0 | 25.0 |
1969 | 14.0 | 8.7 | 25.3 |
1970 | 15.1 | 9.0 | 24.6 |
1971 | 15.3 | 9.3 | 21.6 |
1972 | 15.1 | 8.8 | 18.6 |
1973 | 14.4 | 8.3 | 16.3 |
1974 | 15.4 | 8.3 | 14.6 |
1975 | 17.1 | 9.2 | 15.3 |
1976 | 16.0 | 9.0 | 15.0 |
1977 | 16.2 | 8.8 | 14.1 |
1978 | 15.9 | 8.7 | 14.0 |
1979 | 16.4 | 8.9 | 15.2 |
1980 | 18.3 | 10.1 | 15.7 |
1981 | 20.0 | 11.1 | 15.3 |
1982 | 21.9 | 12.0 | 14.6 |
1983 | 22.3 | 12.4 | 13.8 |
1984 | 21.5 | 11.7 | 12.4 |
1985 | 20.7 | 11.3 | 12.6 |
1986 | 20.5 | 10.8 | 12.4 |
1987 | 20.3 | 10.6 | 12.5 |
1988 | 19.5 | 10.5 | 12.0 |
1989 | 19.6 | 10.2 | 11.4 |
1990 | 20.6 | 10.7 | 12.2 |
1991 | 21.8 | 11.4 | 12.4 |
1992 | 22.3 | 11.9 | 12.9 |
1993 | 22.7 | 12.4 | 12.2 |
1994 | 21.8 | 11.9 | 11.7 |
1995 | 20.8 | 11.4 | 10.5 |
1996 | 20.5 | 11.4 | 10.8 |
1997 | 19.9 | 10.9 | 10.5 |
1998 | 18.9 | 10.5 | 10.5 |
1999 | 17.1 | 10.1 | 9.7 |
2000 | 16.2 | 9.6 | 9.9 |
2001 | 16.3 | 10.1 | 10.1 |
2002 | 16.7 | 10.6 | 10.4 |
2003 | 17.6 | 10.8 | 10.2 |
SOURCE: Data are from historical poverty tables from the Census Bureau (2005). | |||
NOTE: Poverty rates are for March of the following year. Rates from 1960 to 1965 are not shown because they are not available for all age groups in those years. |
Year | Low Earner | Medium earner | High earner | Maximum earner |
---|---|---|---|---|
1940 | 27.9 | 23.4 | 17.3 | 16.4 |
1941 | 28.8 | 22.8 | 17.0 | 15.8 |
1942 | 28.1 | 21.9 | 16.4 | 15.0 |
1943 | 26.5 | 19.9 | 14.9 | 13.2 |
1944 | 24.6 | 17.5 | 13.3 | 11.3 |
1945 | 23.8 | 16.1 | 12.3 | 10.1 |
1946 | 24.7 | 15.9 | 12.3 | 9.8 |
1947 | 27.9 | 17.5 | 13.6 | 10.6 |
1948 | 26.1 | 15.7 | 12.3 | 9.3 |
1949 | 25.4 | 15.0 | 11.8 | 8.6 |
1950 | 31.7 | 18.6 | 14.1 | 9.7 |
1951 | 45.5 | 26.3 | 18.9 | 12.4 |
1952 | 43.9 | 25.2 | 18.2 | 11.8 |
1953 | 45.4 | 26.4 | 20.4 | 13.4 |
1954 | 45.8 | 26.6 | 21.0 | 13.5 |
1955 | 49.8 | 29.0 | 23.6 | 15.0 |
1956 | 48.3 | 28.2 | 23.0 | 15.0 |
1957 | 45.7 | 26.9 | 22.1 | 14.5 |
1958 | 44.8 | 26.9 | 22.8 | 15.0 |
1959 | 47.9 | 29.1 | 24.8 | 16.2 |
1960 | 46.3 | 28.3 | 24.1 | 16.1 |
1961 | 42.6 | 27.9 | 23.9 | 15.9 |
1962 | 42.4 | 27.9 | 23.9 | 16.0 |
1963 | 41.0 | 27.1 | 23.4 | 15.7 |
1964 | 40.6 | 27.0 | 23.5 | 15.7 |
1965 | 42.4 | 28.3 | 24.5 | 16.5 |
1966 | 42.3 | 28.4 | 24.5 | 16.6 |
1967 | 40.5 | 27.3 | 23.6 | 16.4 |
1968 | 43.5 | 29.5 | 25.8 | 18.0 |
1969 | 41.7 | 28.4 | 25.0 | 17.8 |
1970 | 46.0 | 31.7 | 28.0 | 20.3 |
1971 | 48.8 | 33.8 | 30.4 | 22.1 |
1972 | 50.3 | 35.3 | 31.8 | 23.3 |
1973 | 63.6 | 37.1 | 33.7 | 25.1 |
1974 | 62.7 | 38.7 | 35.4 | 26.9 |
1975 | 59.8 | 40.2 | 37.0 | 28.7 |
1976 | 57.4 | 41.3 | 38.6 | 31.0 |
1977 | 58.3 | 42.6 | 40.2 | 33.3 |
1978 | 60.6 | 44.2 | 42.6 | 35.7 |
1979 | 62.3 | 45.7 | 44.6 | 37.5 |
1980 | 66.0 | 48.6 | 47.7 | 40.6 |
1981 | 69.6 | 51.7 | 50.5 | 43.8 |
1982 | 66.5 | 48.9 | 46.7 | 39.6 |
1983 | 63.5 | 46.4 | 43.6 | 38.0 |
1984 | 62.6 | 43.5 | 40.7 | 36.0 |
1985 | 61.1 | 41.5 | 38.8 | 34.7 |
1986 | 60.3 | 41.9 | 39.0 | 35.0 |
1987 | 59.5 | 42.0 | 38.9 | 35.0 |
1988 | 58.4 | 41.5 | 38.3 | 34.4 |
1989 | 57.9 | 42.1 | 38.7 | 34.6 |
1990 | 58.4 | 43.5 | 39.9 | 35.7 |
1991 | 58.6 | 43.1 | 39.4 | 35.0 |
1992 | 58.9 | 43.8 | 39.8 | 35.2 |
1993 | 57.7 | 42.8 | 38.7 | 34.0 |
1994 | 58.3 | 42.8 | 38.5 | 33.6 |
1995 | 58.4 | 43.2 | 38.5 | 33.5 |
1996 | 57.9 | 42.9 | 38.0 | 32.9 |
1997 | 58.1 | 43.1 | 37.8 | 32.7 |
1998 | 55.0 | 40.8 | 35.6 | 30.7 |
1999 | 53.1 | 39.4 | 34.1 | 29.3 |
2000 | 52.2 | 38.7 | 33.3 | 28.6 |
2001 | 52.5 | 39.0 | 33.3 | 28.5 |
2002 | 55.0 | 40.8 | 34.6 | 29.5 |
2003 | 56.6 | 42.0 | 35.4 | 30.1 |
SOURCE: Tabulations were done by the Office of the Chief Actuary, Social Security Administration. | ||||
NOTE: "Scaled workers" refer to hypothetical workers, developed by SSA's Office of the Chief Actuary, with earnings levels that reflect the average patterns of work and earnings of actual insured workers during their careers. |
Year | Ratio |
---|---|
1940 | 32.76 |
1941 | 24.23 |
1942 | 23.19 |
1943 | 24.72 |
1944 | 25.23 |
1945 | 23.42 |
1946 | 19.50 |
1947 | 18.28 |
1948 | 17.66 |
1949 | 16.39 |
1950 | 13.43 |
1951 | 7.90 |
1952 | 7.64 |
1953 | 6.05 |
1954 | 5.50 |
1955 | 4.27 |
1956 | 3.86 |
1957 | 3.05 |
1958 | 2.61 |
1959 | 2.04 |
1960 | 1.92 |
1961 | 1.66 |
1962 | 1.37 |
1963 | 1.28 |
1964 | 1.24 |
1965 | 1.03 |
1966 | 1.07 |
1967 | 1.17 |
1968 | 1.10 |
1969 | 1.23 |
1970 | 1.15 |
1971 | 1.05 |
1972 | 0.99 |
1973 | 0.84 |
1974 | 0.76 |
1975 | 0.64 |
1976 | 0.53 |
1977 | 0.41 |
1978 | 0.33 |
1979 | 0.28 |
1980 | 0.21 |
1981 | 0.17 |
1982 | 0.15 |
1983 | 0.15 |
1984 | 0.17 |
1985 | 0.22 |
1986 | 0.23 |
1987 | 0.33 |
1988 | 0.49 |
1989 | 0.69 |
1990 | 0.89 |
1991 | 1.02 |
1992 | 1.14 |
1993 | 1.23 |
1994 | 1.35 |
1995 | 1.46 |
1996 | 1.60 |
1997 | 1.78 |
1998 | 1.99 |
1999 | 2.28 |
2000 | 2.53 |
2001 | 2.76 |
2002 | 2.98 |
SOURCE: Data are from the Annual Statistical Supplement to the Social Security Bulletin (SSA 1985, Table 14, 2003, Tables 4.A1 and 4.A3). | |
NOTE: Ratios are trust fund assets at the end of the year divided by expenditures during the year. |