Social Security as a Retirement Resource for Near-Retirees

by Benjamin Bridges and Sharmila Choudhury
ORES Working Paper No. 106 (released May 2005)
Table equivalent for Chart 1. Median annualized payout for four cohorts of near-retirees, by less-censored earnings quintile (thousands of 2002 dollars)
Quintile Cohort
1988 1993 1998 2003
Top 6.703 7.697 9.266 10.646
Second 6.283 7.004 8.34 9.437
Third 5.655 6.429 7.64 8.448
Fourth 4.824 5.561 6.508 7.066
Bottom 2.897 3.552 4.226 4.382
 
Table equivalent for Chart 2. Median less-censored earnings replacement rates for four cohorts of near-retirees, by earnings quintile (percent)
Quintile Cohort
1988 1993 1998 2003
Top 20.8 22.0 21.9 21.6
Second 25.2 26.9 26.3 26.0
Third 29.9 31.9 31.2 30.6
Fourth 37.7 40.1 37.4 38.1
Bottom 55.4 57.3 54.4 52.8