Table VI.F7.-Selected Economic Variables, Calendar Years 2002-80
High Cost Assumptions
[GDP and taxable payroll in billions]
Calendar
year		 Adjusted
CPI 1		 SSA average
wage index 2		 Taxable
payroll 3		 Gross
domestic
product		 Compound
interest-rate
factor 4
2002 97.54 $33,417.83 $4,203 $10,417 0.9531
2003 100.00 34,208.13 4,292 10,707 1.0000
2004 102.99 36,009.40 4,545 11,398 1.0713
2005 107.60 38,058.89 4,842 12,227 1.1585
2006 113.89 39,853.26 5,103 12,937 1.2513
2007 120.44 42,279.32 5,416 13,868 1.3568
2008 126.32 45,170.39 5,844 15,025 1.4705
2009 131.55 47,441.85 6,202 15,936 1.5708
2010 136.81 49,588.16 6,548 16,809 1.6710
2011 142.28 51,840.85 6,887 17,731 1.7763
2012 147.97 54,216.93 7,234 18,703 1.8883
2013 153.89 56,744.90 7,609 19,716 2.0074
2014 160.04 59,337.66 7,996 20,770 2.1339
2015 166.44 62,031.34 8,398 21,866 2.2684
2016 173.10 64,884.08 8,813 23,005 2.4115
2017 180.03 67,821.53 9,249 24,206 2.5635
2018 187.23 70,912.69 9,704 25,464 2.7251
2019 194.72 74,115.11 10,184 26,791 2.8969
2020 202.50 77,491.44 10,683 28,177 3.0796
2021 210.60 81,051.99 11,207 29,634 3.2737
2022 219.03 84,792.41 11,753 31,160 3.4801
2023 227.79 88,732.81 12,324 32,762 3.6995
2024 236.90 92,796.51 12,922 34,443 3.9328
2025 246.38 97,067.37 13,548 36,206 4.1807
2026 256.23 101,523.93 14,203 38,060 4.4443
2027 266.48 106,214.01 14,891 40,012 4.7245
2028 277.14 111,154.83 15,611 42,063 5.0224
2029 288.23 116,262.63 16,366 44,218 5.3390
2030 299.75 121,656.90 17,157 46,481 5.6756
2031 311.75 127,296.27 17,985 48,857 6.0335
2032 324.21 133,232.69 18,852 51,351 6.4139
2033 337.18 139,477.54 19,757 53,966 6.8182
2034 350.67 145,917.21 20,704 56,705 7.2481
2035 364.70 152,703.44 21,692 59,575 7.7051
2036 379.29 159,762.97 22,726 62,583 8.1909
2037 394.46 167,185.61 23,805 65,733 8.7073
2038 410.24 174,989.05 24,932 69,030 9.2562
2039 426.64 183,047.17 26,107 72,480 9.8398
2040 443.71 191,535.30 27,329 76,081 10.4602
2041 461.46 200,366.12 28,603 79,844 11.1197
2042 479.92 209,651.39 29,929 83,777 11.8207
2043 499.11 219,414.62 31,311 87,886 12.5660
2044 519.08 229,520.67 32,749 92,175 13.3582
2045 539.84 240,156.90 34,245 96,656 14.2004
2046 561.44 251,175.34 35,801 101,333 15.0957
2047 583.89 262,751.27 37,423 106,222 16.0475
2048 607.25 274,891.23 39,113 111,335 17.0592
2049 631.54 287,454.65 40,875 116,681 18.1348
2050 656.80 300,665.66 42,713 122,273 19.2781
2051 683.07 314,346.53 44,624 128,108 20.4935
2052 710.39 328,747.10 46,616 134,210 21.7856
2053 738.81 343,874.12 48,697 140,603 23.1591
2054 768.36 359,615.74 50,866 147,291 24.6192
2055 799.10 376,175.17 53,136 154,303 26.1714
2056 831.06 393,306.18 55,502 161,641 27.8214
2057 864.30 411,309.82 57,975 169,328 29.5754
2058 898.88 430,188.64 60,553 177,367 31.4401
2059 934.83 449,928.13 63,238 185,768 33.4223
2060 972.22 470,698.27 66,038 194,554 35.5294
2061 1,011.11 492,177.20 68,955 203,734 37.7695
2062 1,051.56 514,726.99 71,993 213,327 40.1507
2063 1,093.62 538,338.08 75,159 223,356 42.6821
2064 1,137.37 563,028.55 78,455 233,827 45.3731
2065 1,182.86 588,940.29 81,887 244,766 48.2337
2066 1,230.17 615,933.96 85,469 256,216 51.2747
2067 1,279.38 644,175.22 89,198 268,171 54.5074
2068 1,330.56 673,695.73 93,086 280,677 57.9439
2069 1,383.78 704,579.86 97,137 293,746 61.5971
2070 1,439.13 736,885.62 101,354 307,391 65.4806
2071 1,496.69 770,653.56 105,748 321,655 69.6090
2072 1,556.56 805,971.23 110,332 336,575 73.9976
2073 1,618.83 842,916.56 115,109 352,173 78.6629
2074 1,683.58 881,561.59 120,090 368,484 83.6224
2075 1,750.92 921,996.23 125,284 385,540 88.8945
2076 1,820.96 964,293.49 130,698 403,376 94.4990
2077 1,893.80 1,008,534.40 136,351 422,049 100.4569
2078 1,969.55 1,054,819.37 142,248 441,586 106.7904
2079 2,048.33 1,103,234.86 148,401 462,031 113.5232
2080 2,130.26 1,153,884.89 154,821 483,424 120.6805
1 The CPI used to adjust OASDI benefits is the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI), as defined by the Bureau of Labor Statistics, Department of Labor. The values shown are adjusted by dividing the calendar-year annual average CPI by the analogous value for 2003, and multiplying the result by 100, thereby initializing the CPI at 100 for 2003.
2 The "SSA average wage index" is defined in section 215(i)(1)(G) of the Social Security Act; it is used in the calculations of initial benefits and the automatic adjustment of the contribution and benefit base and other wage-indexed program amounts.
3 Taxable payroll consists of total earnings subject to OASDI contribution rates, adjusted to reflect the lower effective contribution rates (compared to the combined employee-employer rate) which apply to multiple-employer "excess wages."
4 The compound interest-rate factor is based on the average of the assumed annual interest rates for special public-debt obligations issuable to the trust funds in the 12 months of the year, under each alternative.
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