Lifetime Low Earners in 2050Released: March 2015
Next expected update: 2018
DEFINITION: We are defining a lifetime low earner as a Social Security beneficiary aged 60 or older who has at least 30 years of work with each year's earnings at or above four times the amount needed for one Social Security quarterly credit and less than half of the national average wage index.
In 2050, we project that:
- More than 3 percent of beneficiaries aged 60 or older will be lifetime low earners.
- More lifetime low earners will be women and have a high-school education or less compared with all beneficiaries aged 60 or older.
- Fewer lifetime low earners will be disabled compared with all beneficiaries aged 60 or older.
- More than half of lifetime low earners will be in the lowest paying average indexed monthly earnings (AIME) quintile. a
- Nearly 5 percent of lifetime low earners will have household incomes below 100 percent of poverty.