You are here: Social Security Administration > Office of Retirement Policy > Policy Option Projections > Benefit Formula Changes > Credit earnings to caregivers' records: Up to 5 years at one-half average wage when caring for children under age six

Benefit Formula Changes

Credit earnings to caregivers' records: Up to 5 years at one-half average wage when caring for children under age six

Projected effects on beneficiaries in 2050

Compare all options »

Table 1. Individual benefits 2050: Child Credits Five Years Half AWI versus Scheduled
Characteristic Median Percent Change Percent With
Lower Benefits Higher Benefits
Total 0% 1% 27%
Sex
Female 0% 1% 33%
Male 0% 0% 20%
Race/Ethnicity
Hispanic 0% 1% 42%
White 0% 1% 21%
Black 0% 1% 34%
Other 0% 1% 36%
Immigration
Immigrant 0% 1% 45%
Native Born 0% 1% 22%
Age
60–69 0% 0% 35%
70–79 0% 1% 29%
80–89 0% 1% 19%
90+ 0% 0% 13%
Marital Status
Never Married 0% 0% 22%
Married 0% 1% 32%
Divorced 0% 0% 27%
Widowed 0% 0% 19%
Education
Graduate 0% 1% 20%
Bachelor 0% 1% 18%
Associate 0% 1% 24%
High School 0% 1% 32%
Less than 12 Yrs 1% 1% 55%
Indiv. Income Quintile
$118,077+ 0% 0% 11%
$63,076 - $118,077 0% 1% 16%
$38,685 - $63,076 0% 1% 23%
$23,078 - $38,685 0% 1% 31%
$0-$23,078 2% 1% 57%
Hhld. Income Quintile
$191,900+ 0% 1% 15%
$102,458 - $191,900 0% 1% 20%
$60,945 - $102,458 0% 1% 25%
$33,624 - $60,945 0% 1% 31%
$0-$33,624 0% 0% 46%
Shared Earn. Quintile
$106,162+ 0% 1% 6%
$74,636 - $106,162 0% 1% 10%
$52,919 - $74,636 0% 1% 20%
$32,782 - $52,919 0% 1% 39%
$0-$32,782 4% 1% 63%
Benefit Type
Retired Worker 0% 0% 28%
Spousal & Worker 0% 13% 30%
Spousal Only 2% 2% 55%
Survivor & Worker 0% 0% 11%
Survivor Only 0% 0% 35%
Retired Disabled 0% 0% 31%
Disabled Worker 0% 0% 43%
Claiming Age
62 or younger 0% 1% 32%
63–66 0% 0% 22%
67 or older 0% 0% 27%
Quarters of Coverage
201+ 0% 0% 3%
161–200 0% 0% 13%
81–160 0% 1% 44%
0–80 1% 2% 52%
Own AIME Quintile
$8,955+ 0% 0% 2%
$5,945 - $8,955 0% 0% 9%
$4,095 - $5,945 0% 0% 23%
$2,356 - $4,095 0% 1% 49%
$0-$2,356 2% 2% 55%
Paying AIME Quintile
$10,370+ 0% 1% 2%
$7,219 - $10,370 0% 1% 7%
$5,128 - $7,219 0% 0% 16%
$3,307 - $5,128 0% 1% 40%
$0-$3,307 6% 0% 72%
Hhld. Benefit Quintile
$3,486+ 0% 2% 12%
$2,564 - $3,486 0% 1% 21%
$1,975 - $2,564 0% 0% 21%
$1,382 - $1,975 0% 0% 28%
$0-$1,382 2% 0% 55%
Adj. Gross Income
$146,400+ 0% 1% 14%
$99,794 - $146,400 0% 1% 21%
$66,090 - $99,794 0% 1% 24%
$1 - $66,090 0% 0% 33%
$0.00 0% 0% 37%
Population: current law beneficiaries aged 60 and older
Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 04/05/2012
Note: This proposal is based on specifications received from outside the Social Security Administration, unless noted otherwise. It does not represent the views of the agency.
Table 5. Individual benefits 2050: Child Credits Five Years Half AWI versus Payable
Characteristic Median Percent Change Percent With
Lower Benefits Higher Benefits
Total 27% 0% 100%
Sex
Female 27% 0% 100%
Male 27% 0% 100%
Race/Ethnicity
Hispanic 28% 0% 100%
White 27% 0% 100%
Black 27% 0% 100%
Other 27% 0% 100%
Immigration
Immigrant 28% 0% 100%
Native Born 27% 0% 100%
Age
60–69 27% 0% 100%
70–79 27% 0% 100%
80–89 27% 0% 100%
90+ 27% 0% 100%
Marital Status
Never Married 27% 0% 100%
Married 27% 0% 100%
Divorced 27% 0% 100%
Widowed 27% 0% 100%
Education
Graduate 27% 0% 100%
Bachelor 27% 0% 100%
Associate 27% 0% 100%
High School 27% 0% 100%
Less than 12 Yrs 30% 0% 100%
Indiv. Income Quintile
$118,077+ 27% 0% 100%
$63,076 - $118,077 27% 0% 100%
$38,685 - $63,076 27% 0% 100%
$23,078 - $38,685 27% 0% 100%
$0-$23,078 31% 0% 100%
Hhld. Income Quintile
$191,900+ 27% 0% 100%
$102,458 - $191,900 27% 0% 100%
$60,945 - $102,458 27% 0% 100%
$33,624 - $60,945 27% 0% 100%
$0-$33,624 28% 0% 100%
Shared Earn. Quintile
$106,162+ 27% 0% 100%
$74,636 - $106,162 27% 0% 100%
$52,919 - $74,636 27% 0% 100%
$32,782 - $52,919 28% 0% 100%
$0-$32,782 33% 0% 100%
Benefit Type
Retired Worker 27% 0% 100%
Spousal & Worker 28% 0% 100%
Spousal Only 30% 0% 100%
Survivor & Worker 27% 0% 100%
Survivor Only 27% 0% 100%
Retired Disabled 27% 0% 100%
Disabled Worker 28% 0% 100%
Claiming Age
62 or younger 27% 0% 100%
63–66 27% 0% 100%
67 or older 27% 0% 100%
Quarters of Coverage
201+ 27% 0% 100%
161–200 27% 0% 100%
81–160 28% 0% 100%
0–80 30% 0% 100%
Own AIME Quintile
$8,955+ 27% 0% 100%
$5,945 - $8,955 27% 0% 100%
$4,095 - $5,945 27% 0% 100%
$2,356 - $4,095 29% 0% 100%
$0-$2,356 31% 0% 100%
Paying AIME Quintile
$10,370+ 27% 0% 100%
$7,219 - $10,370 27% 0% 100%
$5,128 - $7,219 27% 0% 100%
$3,307 - $5,128 28% 0% 100%
$0-$3,307 35% 0% 100%
Hhld. Benefit Quintile
$3,486+ 27% 0% 100%
$2,564 - $3,486 27% 0% 100%
$1,975 - $2,564 27% 0% 100%
$1,382 - $1,975 27% 0% 100%
$0-$1,382 30% 0% 100%
Adj. Gross Income
$146,400+ 27% 0% 100%
$99,794 - $146,400 27% 0% 100%
$66,090 - $99,794 27% 0% 100%
$1 - $66,090 27% 0% 100%
$0.00 27% 0% 100%
Population: current law beneficiaries aged 60 and older
Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 04/05/2012
Note: This proposal is based on specifications received from outside the Social Security Administration, unless noted otherwise. It does not represent the views of the agency.
Table 2. Distribution of changes 2050: Child Credits Five Years Half AWI versus Scheduled
Characteristic % of Population With % Change of
-20%+ -10 to -19% -1 to -9% No change +1 to +9% +10 to +19% +20%+
Total 0% 0% 1% 72% 21% 3% 3%
Sex
Female 0% 0% 1% 66% 25% 4% 4%
Male 0% 0% 0% 79% 17% 2% 2%
Race/Ethnicity
Hispanic 0% 0% 1% 57% 32% 5% 5%
White 0% 0% 1% 78% 17% 2% 2%
Black 0% 0% 1% 65% 25% 4% 4%
Other 0% 0% 1% 63% 28% 4% 4%
Immigration
Immigrant 0% 0% 1% 55% 33% 6% 6%
Native Born 0% 0% 1% 77% 18% 2% 2%
Age
60–69 0% 0% 0% 65% 26% 4% 5%
70–79 0% 0% 1% 70% 23% 3% 3%
80–89 0% 0% 1% 80% 16% 2% 2%
90+ 0% 0% 0% 87% 10% 2% 1%
Marital Status
Never Married 0% 0% 0% 78% 16% 2% 3%
Married 0% 0% 1% 66% 25% 4% 4%
Divorced 0% 0% 0% 73% 21% 3% 3%
Widowed 0% 0% 0% 81% 15% 2% 2%
Education
Graduate 0% 0% 1% 79% 16% 2% 2%
Bachelor 0% 0% 1% 81% 14% 2% 2%
Associate 0% 0% 0% 76% 19% 2% 2%
High School 0% 0% 1% 67% 25% 3% 3%
Less than 12 Yrs 0% 0% 1% 44% 38% 8% 9%
Indiv. Income Quintile
$118,077+ 0% 0% 0% 88% 9% 1% 1%
$63,076 - $118,077 0% 0% 1% 84% 13% 1% 1%
$38,685 - $63,076 0% 0% 1% 77% 20% 2% 1%
$23,078 - $38,685 0% 0% 1% 68% 27% 3% 2%
$0-$23,078 0% 0% 1% 42% 38% 8% 11%
Hhld. Income Quintile
$191,900+ 0% 0% 1% 84% 13% 1% 1%
$102,458 - $191,900 0% 0% 1% 79% 17% 2% 2%
$60,945 - $102,458 0% 0% 1% 74% 21% 2% 2%
$33,624 - $60,945 0% 0% 1% 68% 26% 3% 2%
$0-$33,624 0% 0% 0% 54% 31% 6% 9%
Shared Earn. Quintile
$106,162+ 0% 0% 1% 93% 5% 1% 1%
$74,636 - $106,162 0% 0% 1% 89% 9% 1% 1%
$52,919 - $74,636 0% 0% 1% 80% 18% 1% 1%
$32,782 - $52,919 0% 0% 1% 61% 36% 2% 1%
$0-$32,782 0% 0% 1% 37% 38% 11% 13%
Benefit Type
Retired Worker 0% 0% 0% 71% 23% 3% 3%
Spousal & Worker 0% 0% 13% 57% 22% 3% 5%
Spousal Only 0% 0% 1% 43% 28% 6% 21%
Survivor & Worker 0% 0% 0% 89% 10% 1% 0%
Survivor Only 0% 0% 0% 65% 25% 3% 6%
Retired Disabled 0% 0% 0% 69% 23% 5% 3%
Disabled Worker 0% 0% 0% 57% 28% 9% 6%
Claiming Age
62 or younger 0% 0% 1% 67% 24% 4% 4%
63–66 0% 0% 0% 77% 18% 2% 2%
67 or older 0% 0% 0% 73% 18% 3% 6%
Quarters of Coverage
201+ 0% 0% 0% 96% 3% 0% 0%
161–200 0% 0% 0% 87% 13% 0% 0%
81–160 0% 0% 1% 55% 37% 4% 2%
0–80 0% 0% 2% 45% 21% 12% 20%
Own AIME Quintile
$8,955+ 0% 0% 0% 98% 2% 0% 0%
$5,945 - $8,955 0% 0% 0% 91% 9% 0% 0%
$4,095 - $5,945 0% 0% 0% 77% 22% 0% 0%
$2,356 - $4,095 0% 0% 1% 50% 48% 1% 0%
$0-$2,356 0% 0% 2% 43% 27% 13% 15%
Paying AIME Quintile
$10,370+ 0% 0% 1% 96% 2% 0% 0%
$7,219 - $10,370 0% 0% 1% 93% 6% 0% 0%
$5,128 - $7,219 0% 0% 0% 83% 16% 0% 0%
$3,307 - $5,128 0% 0% 0% 59% 38% 1% 1%
$0-$3,307 0% 0% 0% 28% 44% 13% 14%
Hhld. Benefit Quintile
$3,486+ 0% 0% 2% 86% 12% 0% 0%
$2,564 - $3,486 0% 0% 1% 78% 20% 1% 0%
$1,975 - $2,564 0% 0% 0% 79% 18% 2% 1%
$1,382 - $1,975 0% 0% 0% 72% 24% 2% 2%
$0-$1,382 0% 0% 0% 44% 34% 9% 12%
Adj. Gross Income
$146,400+ 0% 0% 1% 85% 12% 1% 1%
$99,794 - $146,400 0% 0% 1% 78% 17% 2% 1%
$66,090 - $99,794 0% 0% 1% 76% 20% 2% 2%
$1 - $66,090 0% 0% 0% 67% 24% 4% 5%
$0.00 0% 0% 0% 63% 27% 5% 5%
Population: current law beneficiaries aged 60 and older
Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 04/05/2012
Note: This proposal is based on specifications received from outside the Social Security Administration, unless noted otherwise. It does not represent the views of the agency.
Table 6. Distribution of changes 2050: Child Credits Five Years Half AWI versus Payable
Characteristic % of Population With % Change of
-20%+ -10 to -19% -1 to -9% No change +1 to +9% +10 to +19% +20%+
Total 0% 0% 0% 0% 0% 0% 100%
Sex
Female 0% 0% 0% 0% 0% 0% 100%
Male 0% 0% 0% 0% 0% 0% 100%
Race/Ethnicity
Hispanic 0% 0% 0% 0% 0% 0% 100%
White 0% 0% 0% 0% 0% 0% 100%
Black 0% 0% 0% 0% 0% 0% 100%
Other 0% 0% 0% 0% 0% 0% 100%
Immigration
Immigrant 0% 0% 0% 0% 0% 0% 100%
Native Born 0% 0% 0% 0% 0% 0% 100%
Age
60–69 0% 0% 0% 0% 0% 0% 100%
70–79 0% 0% 0% 0% 0% 0% 100%
80–89 0% 0% 0% 0% 0% 0% 100%
90+ 0% 0% 0% 0% 0% 0% 100%
Marital Status
Never Married 0% 0% 0% 0% 0% 0% 100%
Married 0% 0% 0% 0% 0% 0% 100%
Divorced 0% 0% 0% 0% 0% 0% 100%
Widowed 0% 0% 0% 0% 0% 0% 100%
Education
Graduate 0% 0% 0% 0% 0% 0% 100%
Bachelor 0% 0% 0% 0% 0% 0% 100%
Associate 0% 0% 0% 0% 0% 0% 100%
High School 0% 0% 0% 0% 0% 0% 100%
Less than 12 Yrs 0% 0% 0% 0% 0% 0% 100%
Indiv. Income Quintile
$118,077+ 0% 0% 0% 0% 0% 0% 100%
$63,076 - $118,077 0% 0% 0% 0% 0% 0% 100%
$38,685 - $63,076 0% 0% 0% 0% 0% 0% 100%
$23,078 - $38,685 0% 0% 0% 0% 0% 0% 100%
$0-$23,078 0% 0% 0% 0% 0% 0% 100%
Hhld. Income Quintile
$191,900+ 0% 0% 0% 0% 0% 0% 100%
$102,458 - $191,900 0% 0% 0% 0% 0% 0% 100%
$60,945 - $102,458 0% 0% 0% 0% 0% 0% 100%
$33,624 - $60,945 0% 0% 0% 0% 0% 0% 100%
$0-$33,624 0% 0% 0% 0% 0% 0% 100%
Shared Earn. Quintile
$106,162+ 0% 0% 0% 0% 0% 0% 100%
$74,636 - $106,162 0% 0% 0% 0% 0% 0% 100%
$52,919 - $74,636 0% 0% 0% 0% 0% 0% 100%
$32,782 - $52,919 0% 0% 0% 0% 0% 0% 100%
$0-$32,782 0% 0% 0% 0% 0% 0% 100%
Benefit Type
Retired Worker 0% 0% 0% 0% 0% 0% 100%
Spousal & Worker 0% 0% 0% 0% 0% 2% 98%
Spousal Only 0% 0% 0% 0% 0% 0% 99%
Survivor & Worker 0% 0% 0% 0% 0% 0% 100%
Survivor Only 0% 0% 0% 0% 0% 0% 100%
Retired Disabled 0% 0% 0% 0% 0% 0% 100%
Disabled Worker 0% 0% 0% 0% 0% 0% 100%
Claiming Age
62 or younger 0% 0% 0% 0% 0% 0% 100%
63–66 0% 0% 0% 0% 0% 0% 100%
67 or older 0% 0% 0% 0% 0% 0% 100%
Quarters of Coverage
201+ 0% 0% 0% 0% 0% 0% 100%
161–200 0% 0% 0% 0% 0% 0% 100%
81–160 0% 0% 0% 0% 0% 0% 100%
0–80 0% 0% 0% 0% 0% 1% 99%
Own AIME Quintile
$8,955+ 0% 0% 0% 0% 0% 0% 100%
$5,945 - $8,955 0% 0% 0% 0% 0% 0% 100%
$4,095 - $5,945 0% 0% 0% 0% 0% 0% 100%
$2,356 - $4,095 0% 0% 0% 0% 0% 0% 100%
$0-$2,356 0% 0% 0% 0% 0% 0% 99%
Paying AIME Quintile
$10,370+ 0% 0% 0% 0% 0% 0% 100%
$7,219 - $10,370 0% 0% 0% 0% 0% 0% 100%
$5,128 - $7,219 0% 0% 0% 0% 0% 0% 100%
$3,307 - $5,128 0% 0% 0% 0% 0% 0% 100%
$0-$3,307 0% 0% 0% 0% 0% 0% 100%
Hhld. Benefit Quintile
$3,486+ 0% 0% 0% 0% 0% 0% 100%
$2,564 - $3,486 0% 0% 0% 0% 0% 0% 100%
$1,975 - $2,564 0% 0% 0% 0% 0% 0% 100%
$1,382 - $1,975 0% 0% 0% 0% 0% 0% 100%
$0-$1,382 0% 0% 0% 0% 0% 0% 100%
Adj. Gross Income
$146,400+ 0% 0% 0% 0% 0% 0% 100%
$99,794 - $146,400 0% 0% 0% 0% 0% 0% 100%
$66,090 - $99,794 0% 0% 0% 0% 0% 0% 100%
$1 - $66,090 0% 0% 0% 0% 0% 0% 100%
$0.00 0% 0% 0% 0% 0% 0% 100%
Population: current law beneficiaries aged 60 and older
Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 04/05/2012
Note: This proposal is based on specifications received from outside the Social Security Administration, unless noted otherwise. It does not represent the views of the agency.
Table 3. Poverty 2050: Child Credits Five Years Half AWI versus Scheduled
Characteristic Poverty Rate # of Poor Change
Scheduled Option Diff
Total 1.9% 1.4% -0.5% -426,082
Sex
Female 2.4% 1.7% -0.7% -327,647
Male 1.3% 1.0% -0.3% -98,435
Race/Ethnicity
Hispanic 3.0% 1.9% -1.0% -141,671
White 1.2% 0.9% -0.3% -149,865
Black 3.9% 3.0% -0.9% -79,849
Other 2.2% 1.4% -0.8% -54,696
Immigration
Immigrant 2.9% 2.0% -0.9% -170,415
Native Born 1.6% 1.2% -0.4% -255,667
Age
60–69 2.4% 1.7% -0.7% -191,866
70–79 2.0% 1.4% -0.5% -163,299
80–89 1.4% 1.0% -0.3% -63,161
90+ 0.9% 0.7% -0.1% -7,755
Marital Status
Never Married 5.3% 4.5% -0.8% -73,220
Married 0.8% 0.5% -0.3% -129,699
Divorced 2.8% 1.9% -0.8% -126,783
Widowed 1.9% 1.3% -0.6% -96,379
Education
Graduate 0.6% 0.4% -0.1% -9,712
Bachelor 0.6% 0.4% -0.2% -42,357
Associate 1.3% 0.9% -0.3% -67,602
High School 2.6% 2.0% -0.6% -170,926
Less than 12 Yrs 6.3% 4.2% -2.1% -135,484
Indiv. Income Quintile
$118,077+ 0.0% 0.0% 0.0% 0
$63,076 - $118,077 0.0% 0.0% 0.0% 0
$38,685 - $63,076 0.0% 0.0% 0.0% 0
$23,078 - $38,685 0.0% 0.0% 0.0% 0
$0-$23,078 9.6% 6.9% -2.6% -426,082
Hhld. Income Quintile
$191,900+ 0.0% 0.0% 0.0% 0
$102,458 - $191,900 0.0% 0.0% 0.0% 0
$60,945 - $102,458 0.0% 0.0% 0.0% 0
$33,624 - $60,945 0.0% 0.0% 0.0% 0
$0-$33,624 9.6% 6.9% -2.6% -426,082
Shared Earn. Quintile
$106,162+ 0.0% 0.0% 0.0% 0
$74,636 - $106,162 0.0% 0.0% 0.0% 0
$52,919 - $74,636 0.0% 0.0% 0.0% -3,114
$32,782 - $52,919 0.1% 0.1% 0.0% -7,801
$0-$32,782 9.4% 6.8% -2.6% -415,167
Benefit Type
Retired Worker 1.8% 1.3% -0.5% -245,843
Spousal & Worker 0.5% 0.5% 0.0% -1,461
Spousal Only 5.1% 3.0% -2.1% -21,103
Survivor & Worker 0.5% 0.4% -0.1% -16,795
Survivor Only 7.0% 5.2% -1.8% -16,286
Retired Disabled 2.7% 2.0% -0.7% -52,929
Disabled Worker 4.3% 2.6% -1.7% -71,662
Claiming Age
62 or younger 3.0% 2.3% -0.7% -279,800
63–66 0.8% 0.5% -0.3% -111,747
67 or older 1.3% 0.6% -0.6% -34,534
Quarters of Coverage
201+ 0.0% 0.0% 0.0% 0
161–200 0.1% 0.1% 0.0% -4,286
81–160 1.4% 1.0% -0.4% -133,260
0–80 11.0% 8.1% -3.0% -288,536
Own AIME Quintile
$8,955+ 0.0% 0.0% 0.0% 0
$5,945 - $8,955 0.0% 0.0% 0.0% 0
$4,095 - $5,945 0.0% 0.0% 0.0% 0
$2,356 - $4,095 0.5% 0.4% -0.1% -18,757
$0-$2,356 9.0% 6.5% -2.5% -407,325
Paying AIME Quintile
$10,370+ 0.0% 0.0% 0.0% 0
$7,219 - $10,370 0.0% 0.0% 0.0% 0
$5,128 - $7,219 0.0% 0.0% 0.0% 0
$3,307 - $5,128 0.2% 0.1% 0.0% -7,954
$0-$3,307 9.3% 6.7% -2.6% -418,127
Hhld. Benefit Quintile
$3,486+ 0.0% 0.0% 0.0% 0
$2,564 - $3,486 0.0% 0.0% 0.0% 0
$1,975 - $2,564 0.0% 0.0% 0.0% 0
$1,382 - $1,975 0.0% 0.0% 0.0% 0
$0-$1,382 9.5% 6.8% -2.6% -426,082
Adj. Gross Income
$146,400+ 0.0% 0.0% 0.0% 0
$99,794 - $146,400 0.0% 0.0% 0.0% 0
$66,090 - $99,794 0.1% 0.0% 0.0% -2,183
$1 - $66,090 1.4% 1.0% -0.4% -58,788
$0.00 5.0% 3.7% -1.4% -365,110
Population: current law beneficiaries aged 60 and older
Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 04/05/2012
Note: This proposal is based on specifications received from outside the Social Security Administration, unless noted otherwise. It does not represent the views of the agency.
Table 7. Poverty 2050: Child Credits Five Years Half AWI versus Payable
Characteristic Poverty Rate # of Poor Change
Payable Option Diff
Total 3.5% 1.4% -2.1% -1,700,838
Sex
Female 4.1% 1.7% -2.5% -1,088,766
Male 2.7% 1.0% -1.6% -612,071
Race/Ethnicity
Hispanic 5.2% 1.9% -3.2% -447,348
White 2.4% 0.9% -1.5% -748,827
Black 7.1% 3.0% -4.0% -351,471
Other 3.6% 1.4% -2.2% -153,190
Immigration
Immigrant 4.9% 2.0% -2.9% -535,535
Native Born 3.1% 1.2% -1.9% -1,165,302
Age
60–69 4.3% 1.7% -2.6% -676,445
70–79 3.7% 1.4% -2.3% -683,124
80–89 2.5% 1.0% -1.4% -282,109
90+ 1.9% 0.7% -1.1% -59,159
Marital Status
Never Married 9.1% 4.5% -4.5% -409,842
Married 1.5% 0.5% -1.1% -421,125
Divorced 5.0% 1.9% -3.1% -481,233
Widowed 3.7% 1.3% -2.4% -388,636
Education
Graduate 0.8% 0.4% -0.4% -35,231
Bachelor 1.2% 0.4% -0.8% -143,927
Associate 2.9% 0.9% -1.9% -380,731
High School 4.7% 2.0% -2.7% -741,030
Less than 12 Yrs 10.3% 4.2% -6.1% -399,917
Indiv. Income Quintile
$118,077+ 0.0% 0.0% 0.0% 0
$63,076 - $118,077 0.0% 0.0% 0.0% 0
$38,685 - $63,076 0.0% 0.0% 0.0% 0
$23,078 - $38,685 0.0% 0.0% 0.0% 0
$0-$23,078 17.5% 6.9% -10.6% -1,700,838
Hhld. Income Quintile
$191,900+ 0.0% 0.0% 0.0% 0
$102,458 - $191,900 0.0% 0.0% 0.0% 0
$60,945 - $102,458 0.0% 0.0% 0.0% 0
$33,624 - $60,945 0.0% 0.0% 0.0% 0
$0-$33,624 17.5% 6.9% -10.6% -1,700,838
Shared Earn. Quintile
$106,162+ 0.0% 0.0% 0.0% 0
$74,636 - $106,162 0.0% 0.0% 0.0% 0
$52,919 - $74,636 0.1% 0.0% -0.1% -12,186
$32,782 - $52,919 1.1% 0.1% -1.1% -170,925
$0-$32,782 16.2% 6.8% -9.4% -1,517,726
Benefit Type
Retired Worker 3.1% 1.3% -1.8% -950,798
Spousal & Worker 0.9% 0.5% -0.5% -14,219
Spousal Only 7.9% 3.0% -4.9% -49,159
Survivor & Worker 1.6% 0.4% -1.2% -134,913
Survivor Only 10.4% 5.2% -5.1% -47,131
Retired Disabled 5.6% 2.0% -3.6% -267,112
Disabled Worker 8.2% 2.6% -5.6% -237,503
Claiming Age
62 or younger 5.4% 2.3% -3.1% -1,233,993
63–66 1.6% 0.5% -1.1% -392,842
67 or older 2.0% 0.6% -1.4% -74,001
Quarters of Coverage
201+ 0.0% 0.0% 0.0% -1,903
161–200 0.5% 0.1% -0.4% -111,001
81–160 3.7% 1.0% -2.7% -818,574
0–80 16.0% 8.1% -7.9% -769,358
Own AIME Quintile
$8,955+ 0.0% 0.0% 0.0% 0
$5,945 - $8,955 0.0% 0.0% 0.0% 0
$4,095 - $5,945 0.2% 0.0% -0.2% -32,427
$2,356 - $4,095 3.1% 0.4% -2.7% -441,884
$0-$2,356 14.1% 6.5% -7.6% -1,226,525
Paying AIME Quintile
$10,370+ 0.0% 0.0% 0.0% 0
$7,219 - $10,370 0.0% 0.0% 0.0% -4,879
$5,128 - $7,219 0.1% 0.0% -0.1% -14,359
$3,307 - $5,128 1.3% 0.1% -1.2% -190,397
$0-$3,307 15.9% 6.7% -9.2% -1,491,201
Hhld. Benefit Quintile
$3,486+ 0.0% 0.0% 0.0% 0
$2,564 - $3,486 0.0% 0.0% 0.0% 0
$1,975 - $2,564 0.0% 0.0% 0.0% 0
$1,382 - $1,975 0.2% 0.0% -0.2% -29,089
$0-$1,382 17.2% 6.8% -10.3% -1,671,748
Adj. Gross Income
$146,400+ 0.0% 0.0% 0.0% -2,300
$99,794 - $146,400 0.0% 0.0% 0.0% -618
$66,090 - $99,794 0.1% 0.0% -0.1% -7,613
$1 - $66,090 2.0% 1.0% -1.1% -145,896
$0.00 9.5% 3.7% -5.8% -1,544,409
Population: current law beneficiaries aged 60 and older
Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 04/05/2012
Note: This proposal is based on specifications received from outside the Social Security Administration, unless noted otherwise. It does not represent the views of the agency.
Table 4. Median Monthly Scheduled Benefit, 2050
Characteristic Wage-Adjusted (2012 $) Inflation-Adjusted (2012 $) Nominal
(2050 $)
Total $1,049 $1,706 $4,678
Sex
Female $958 $1,557 $4,269
Male $1,151 $1,872 $5,132
Race/Ethnicity
Hispanic $880 $1,432 $3,926
White $1,122 $1,825 $5,003
Black $935 $1,521 $4,170
Other $1,054 $1,713 $4,697
Immigration
Immigrant $909 $1,478 $4,053
Native Born $1,088 $1,770 $4,852
Age
60–69 $973 $1,582 $4,336
70–79 $1,036 $1,685 $4,621
80–89 $1,119 $1,820 $4,990
90+ $1,171 $1,905 $5,222
Marital Status
Never Married $937 $1,524 $4,179
Married $1,003 $1,631 $4,471
Divorced $1,070 $1,740 $4,770
Widowed $1,186 $1,928 $5,286
Education
Graduate $1,367 $2,224 $6,096
Bachelor $1,288 $2,095 $5,743
Associate $1,045 $1,700 $4,661
High School $930 $1,513 $4,148
Less than 12 Yrs $758 $1,233 $3,380
Indiv. Income Quintile
$118,077+ $1,454 $2,364 $6,481
$63,076 - $118,077 $1,292 $2,101 $5,759
$38,685 - $63,076 $1,124 $1,828 $5,013
$23,078 - $38,685 $975 $1,586 $4,347
$0-$23,078 $647 $1,053 $2,887
Hhld. Income Quintile
$191,900+ $1,387 $2,256 $6,185
$102,458 - $191,900 $1,232 $2,003 $5,491
$60,945 - $102,458 $1,111 $1,807 $4,953
$33,624 - $60,945 $991 $1,611 $4,416
$0-$33,624 $727 $1,183 $3,242
Shared Earn. Quintile
$106,162+ $1,570 $2,554 $7,001
$74,636 - $106,162 $1,300 $2,114 $5,797
$52,919 - $74,636 $1,070 $1,740 $4,770
$32,782 - $52,919 $876 $1,425 $3,907
$0-$32,782 $611 $993 $2,724
Benefit Type
Retired Worker $1,055 $1,716 $4,705
Spousal & Worker $671 $1,091 $2,991
Spousal Only $411 $668 $1,830
Survivor & Worker $1,237 $2,012 $5,517
Survivor Only $898 $1,460 $4,002
Retired Disabled $1,033 $1,680 $4,606
Disabled Worker $1,011 $1,644 $4,508
Claiming Age
62 or younger $899 $1,462 $4,009
63–66 $1,191 $1,937 $5,311
67 or older $1,475 $2,399 $6,576
Quarters of Coverage
201+ $1,409 $2,292 $6,283
161–200 $1,188 $1,932 $5,297
81–160 $877 $1,427 $3,912
0–80 $579 $942 $2,583
Own AIME Quintile
$8,955+ $1,600 $2,602 $7,133
$5,945 - $8,955 $1,273 $2,070 $5,676
$4,095 - $5,945 $993 $1,614 $4,426
$2,356 - $4,095 $778 $1,266 $3,471
$0-$2,356 $572 $931 $2,552
Paying AIME Quintile
$10,370+ $1,602 $2,606 $7,144
$7,219 - $10,370 $1,350 $2,196 $6,021
$5,128 - $7,219 $1,093 $1,778 $4,875
$3,307 - $5,128 $854 $1,388 $3,805
$0-$3,307 $575 $935 $2,564
Hhld. Benefit Quintile
$3,486+ $1,395 $2,269 $6,221
$2,564 - $3,486 $1,264 $2,055 $5,635
$1,975 - $2,564 $1,313 $2,135 $5,854
$1,382 - $1,975 $996 $1,620 $4,441
$0-$1,382 $624 $1,015 $2,784
Adj. Gross Income
$146,400+ $1,403 $2,281 $6,254
$99,794 - $146,400 $1,223 $1,988 $5,451
$66,090 - $99,794 $1,145 $1,862 $5,104
$1 - $66,090 $936 $1,522 $4,172
$0.00 $864 $1,406 $3,854
Population: current law beneficiaries aged 60 and older
Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 04/05/2012
Note: This proposal is based on specifications received from outside the Social Security Administration, unless noted otherwise. It does not represent the views of the agency.
Table 8. Median Monthly Payable Benefit, 2050
Characteristic Wage-Adjusted (2012 $) Inflation-Adjusted (2012 $) Nominal
(2050 $)
Total $821 $1,334 $3,658
Sex
Female $749 $1,218 $3,338
Male $900 $1,464 $4,013
Race/Ethnicity
Hispanic $689 $1,120 $3,070
White $878 $1,427 $3,912
Black $731 $1,189 $3,261
Other $824 $1,340 $3,673
Immigration
Immigrant $711 $1,156 $3,170
Native Born $851 $1,384 $3,794
Age
60–69 $761 $1,237 $3,391
70–79 $810 $1,318 $3,613
80–89 $875 $1,423 $3,902
90+ $916 $1,490 $4,084
Marital Status
Never Married $733 $1,192 $3,268
Married $784 $1,275 $3,496
Divorced $837 $1,361 $3,730
Widowed $927 $1,508 $4,134
Education
Graduate $1,069 $1,739 $4,767
Bachelor $1,007 $1,638 $4,491
Associate $818 $1,329 $3,645
High School $728 $1,183 $3,244
Less than 12 Yrs $593 $964 $2,643
Indiv. Income Quintile
$118,077+ $1,137 $1,849 $5,068
$63,076 - $118,077 $1,010 $1,643 $4,504
$38,685 - $63,076 $879 $1,430 $3,920
$23,078 - $38,685 $762 $1,240 $3,399
$0-$23,078 $506 $823 $2,257
Hhld. Income Quintile
$191,900+ $1,085 $1,764 $4,837
$102,458 - $191,900 $963 $1,566 $4,294
$60,945 - $102,458 $869 $1,413 $3,874
$33,624 - $60,945 $775 $1,260 $3,454
$0-$33,624 $569 $925 $2,535
Shared Earn. Quintile
$106,162+ $1,228 $1,997 $5,475
$74,636 - $106,162 $1,017 $1,653 $4,533
$52,919 - $74,636 $837 $1,361 $3,730
$32,782 - $52,919 $685 $1,115 $3,056
$0-$32,782 $478 $777 $2,130
Benefit Type
Retired Worker $825 $1,342 $3,679
Spousal & Worker $525 $853 $2,339
Spousal Only $321 $522 $1,431
Survivor & Worker $968 $1,574 $4,314
Survivor Only $702 $1,141 $3,129
Retired Disabled $808 $1,314 $3,602
Disabled Worker $791 $1,286 $3,525
Claiming Age
62 or younger $703 $1,144 $3,135
63–66 $932 $1,515 $4,153
67 or older $1,153 $1,876 $5,142
Quarters of Coverage
201+ $1,102 $1,792 $4,914
161–200 $929 $1,511 $4,142
81–160 $686 $1,116 $3,059
0–80 $453 $737 $2,020
Own AIME Quintile
$8,955+ $1,251 $2,035 $5,578
$5,945 - $8,955 $996 $1,619 $4,439
$4,095 - $5,945 $776 $1,263 $3,461
$2,356 - $4,095 $609 $990 $2,714
$0-$2,356 $448 $728 $1,995
Paying AIME Quintile
$10,370+ $1,253 $2,038 $5,587
$7,219 - $10,370 $1,056 $1,717 $4,708
$5,128 - $7,219 $855 $1,390 $3,812
$3,307 - $5,128 $667 $1,085 $2,976
$0-$3,307 $450 $731 $2,005
Hhld. Benefit Quintile
$3,486+ $1,091 $1,774 $4,865
$2,564 - $3,486 $988 $1,607 $4,407
$1,975 - $2,564 $1,027 $1,670 $4,577
$1,382 - $1,975 $779 $1,267 $3,473
$0-$1,382 $488 $794 $2,177
Adj. Gross Income
$146,400+ $1,097 $1,784 $4,891
$99,794 - $146,400 $956 $1,555 $4,263
$66,090 - $99,794 $895 $1,456 $3,991
$1 - $66,090 $732 $1,190 $3,262
$0.00 $676 $1,099 $3,014
Population: current law beneficiaries aged 60 and older
Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 04/05/2012
Note: This proposal is based on specifications received from outside the Social Security Administration, unless noted otherwise. It does not represent the views of the agency.