You are here: Social Security Administration > Office of Retirement Policy > Policy Option Projections > Cost of Living Adjustment Changes > Reduce the Cost of Living Adjustment by basing it on the Chained CPI

Cost of Living Adjustment Changes

Reduce the Cost of Living Adjustment by basing it on the Chained CPI

Projected effects on beneficiaries in 2070

Compare all options »

Table 1. Individual benefits 2070: SSAB Chained CPI versus Scheduled
Characteristic Median Percent Change Percent With
Lower Benefits Higher Benefits
Total -3% 90% 0%
Sex
Female -4% 90% 0%
Male -3% 89% 0%
Race/Ethnicity
Hispanic -3% 87% 0%
White -4% 91% 0%
Black -3% 88% 0%
Other -3% 90% 0%
Immigration
Immigrant -3% 90% 0%
Native Born -4% 89% 0%
Age
60–69 -1% 66% 0%
70–79 -3% 100% 0%
80–89 -6% 100% 0%
90+ -8% 100% 0%
Marital Status
Never Married -3% 87% 0%
Married -3% 88% 0%
Divorced -4% 89% 0%
Widowed -6% 99% 0%
Education
Graduate -4% 92% 0%
Bachelor -4% 91% 0%
Associate -3% 89% 0%
High School -3% 89% 0%
Less than 12 Yrs -3% 87% 0%
Indiv. Income Quintile
$141,869+ -4% 92% 0%
$76,273 - $141,869 -3% 89% 0%
$47,225 - $76,273 -3% 88% 0%
$28,018 - $47,225 -3% 89% 0%
$0-$28,018 -3% 89% 0%
Hhld. Income Quintile
$234,849+ -4% 90% 0%
$125,659 - $234,849 -3% 88% 0%
$74,813 - $125,659 -3% 89% 0%
$41,558 - $74,813 -3% 90% 0%
$0-$41,558 -4% 91% 0%
Shared Earn. Quintile
$129,152+ -4% 91% 0%
$89,585 - $129,152 -4% 90% 0%
$63,685 - $89,585 -3% 89% 0%
$39,226 - $63,685 -3% 88% 0%
$0-$39,226 -4% 89% 0%
Benefit Type
Retired Worker -3% 88% 0%
Spousal & Worker -3% 93% 0%
Spousal Only -3% 93% 0%
Survivor & Worker -6% 97% 0%
Survivor Only -6% 95% 0%
Retired Disabled -5% 100% 0%
Disabled Worker -1% 73% 0%
Claiming Age
62 or younger -3% 86% 0%
63–66 -3% 92% 0%
67 or older -4% 99% 0%
Quarters of Coverage
201+ -4% 93% 0%
161–200 -3% 89% 0%
81–160 -3% 88% 0%
0–80 -4% 92% 0%
Own AIME Quintile
$11,030+ -4% 91% 0%
$7,326 - $11,030 -3% 90% 0%
$5,076 - $7,326 -3% 89% 0%
$2,910 - $5,076 -3% 88% 0%
$0-$2,910 -3% 89% 0%
Paying AIME Quintile
$12,519+ -4% 93% 0%
$8,545 - $12,519 -4% 91% 0%
$6,145 - $8,545 -4% 90% 0%
$3,923 - $6,145 -3% 88% 0%
$0-$3,923 -3% 86% 0%
Hhld. Benefit Quintile
$4,389+ -3% 93% 0%
$3,216 - $4,389 -3% 91% 0%
$2,435 - $3,216 -4% 90% 0%
$1,690 - $2,435 -4% 88% 0%
$0-$1,690 -4% 85% 0%
Adj. Gross Income
$181,671+ -3% 90% 0%
$123,969 - $181,671 -3% 89% 0%
$82,014 - $123,969 -3% 90% 0%
$1 - $82,014 -3% 88% 0%
$0.00 -4% 90% 0%
Population: current law beneficiaries aged 60 and older
Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 03/09/2012
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 2070: SSAB Chained CPI versus Payable
Characteristic Median Percent Change Percent With
Lower Benefits Higher Benefits
Total 25% 0% 100%
Sex
Female 24% 0% 100%
Male 25% 0% 100%
Race/Ethnicity
Hispanic 25% 0% 100%
White 24% 0% 100%
Black 25% 0% 100%
Other 25% 0% 100%
Immigration
Immigrant 25% 0% 100%
Native Born 24% 0% 100%
Age
60–69 28% 0% 100%
70–79 25% 0% 100%
80–89 22% 0% 100%
90+ 18% 0% 100%
Marital Status
Never Married 25% 0% 100%
Married 26% 0% 100%
Divorced 24% 0% 100%
Widowed 21% 0% 100%
Education
Graduate 24% 0% 100%
Bachelor 24% 0% 100%
Associate 25% 0% 100%
High School 25% 0% 100%
Less than 12 Yrs 25% 0% 100%
Indiv. Income Quintile
$141,869+ 24% 0% 100%
$76,273 - $141,869 25% 0% 100%
$47,225 - $76,273 25% 0% 100%
$28,018 - $47,225 25% 0% 100%
$0-$28,018 25% 0% 100%
Hhld. Income Quintile
$234,849+ 24% 0% 100%
$125,659 - $234,849 25% 0% 100%
$74,813 - $125,659 25% 0% 100%
$41,558 - $74,813 25% 0% 100%
$0-$41,558 24% 0% 100%
Shared Earn. Quintile
$129,152+ 24% 0% 100%
$89,585 - $129,152 24% 0% 100%
$63,685 - $89,585 25% 0% 100%
$39,226 - $63,685 25% 0% 100%
$0-$39,226 24% 0% 100%
Benefit Type
Retired Worker 25% 0% 100%
Spousal & Worker 25% 0% 100%
Spousal Only 25% 0% 100%
Survivor & Worker 22% 0% 100%
Survivor Only 21% 2% 98%
Retired Disabled 23% 0% 100%
Disabled Worker 27% 0% 100%
Claiming Age
62 or younger 25% 0% 100%
63–66 25% 0% 100%
67 or older 24% 0% 100%
Quarters of Coverage
201+ 24% 0% 100%
161–200 25% 0% 100%
81–160 25% 0% 100%
0–80 24% 0% 100%
Own AIME Quintile
$11,030+ 24% 0% 100%
$7,326 - $11,030 25% 0% 100%
$5,076 - $7,326 25% 0% 100%
$2,910 - $5,076 25% 0% 100%
$0-$2,910 25% 0% 100%
Paying AIME Quintile
$12,519+ 24% 0% 100%
$8,545 - $12,519 24% 0% 100%
$6,145 - $8,545 24% 0% 100%
$3,923 - $6,145 25% 0% 100%
$0-$3,923 25% 0% 100%
Hhld. Benefit Quintile
$4,389+ 25% 0% 100%
$3,216 - $4,389 25% 0% 100%
$2,435 - $3,216 24% 0% 100%
$1,690 - $2,435 24% 0% 100%
$0-$1,690 24% 0% 100%
Adj. Gross Income
$181,671+ 25% 0% 100%
$123,969 - $181,671 25% 0% 100%
$82,014 - $123,969 25% 0% 100%
$1 - $82,014 25% 0% 100%
$0.00 24% 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: 03/09/2012
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 2070: SSAB Chained CPI 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% 3% 87% 10% 0% 0% 0%
Sex
Female 0% 3% 87% 10% 0% 0% 0%
Male 0% 2% 87% 11% 0% 0% 0%
Race/Ethnicity
Hispanic 0% 1% 86% 13% 0% 0% 0%
White 0% 3% 88% 9% 0% 0% 0%
Black 0% 3% 85% 12% 0% 0% 0%
Other 0% 2% 88% 10% 0% 0% 0%
Immigration
Immigrant 0% 2% 88% 10% 0% 0% 0%
Native Born 0% 3% 87% 11% 0% 0% 0%
Age
60–69 0% 1% 65% 34% 0% 0% 0%
70–79 0% 1% 98% 0% 0% 0% 0%
80–89 0% 2% 98% 0% 0% 0% 0%
90+ 0% 19% 81% 0% 0% 0% 0%
Marital Status
Never Married 0% 3% 84% 13% 0% 0% 0%
Married 0% 1% 87% 12% 0% 0% 0%
Divorced 0% 3% 87% 11% 0% 0% 0%
Widowed 0% 8% 90% 1% 0% 0% 0%
Education
Graduate 0% 3% 89% 8% 0% 0% 0%
Bachelor 0% 3% 88% 9% 0% 0% 0%
Associate 0% 2% 87% 11% 0% 0% 0%
High School 0% 3% 86% 11% 0% 0% 0%
Less than 12 Yrs 0% 1% 86% 13% 0% 0% 0%
Indiv. Income Quintile
$141,869+ 0% 3% 89% 8% 0% 0% 0%
$76,273 - $141,869 0% 2% 87% 11% 0% 0% 0%
$47,225 - $76,273 0% 2% 86% 12% 0% 0% 0%
$28,018 - $47,225 0% 2% 87% 11% 0% 0% 0%
$0-$28,018 0% 4% 85% 11% 0% 0% 0%
Hhld. Income Quintile
$234,849+ 0% 2% 87% 10% 0% 0% 0%
$125,659 - $234,849 0% 2% 86% 12% 0% 0% 0%
$74,813 - $125,659 0% 2% 87% 11% 0% 0% 0%
$41,558 - $74,813 0% 2% 88% 10% 0% 0% 0%
$0-$41,558 0% 5% 86% 9% 0% 0% 0%
Shared Earn. Quintile
$129,152+ 0% 2% 89% 9% 0% 0% 0%
$89,585 - $129,152 0% 2% 88% 10% 0% 0% 0%
$63,685 - $89,585 0% 2% 87% 11% 0% 0% 0%
$39,226 - $63,685 0% 2% 87% 12% 0% 0% 0%
$0-$39,226 0% 5% 84% 11% 0% 0% 0%
Benefit Type
Retired Worker 0% 1% 87% 12% 0% 0% 0%
Spousal & Worker 0% 1% 92% 7% 0% 0% 0%
Spousal Only 0% 2% 90% 7% 0% 0% 0%
Survivor & Worker 0% 10% 87% 3% 0% 0% 0%
Survivor Only 2% 9% 85% 5% 0% 0% 0%
Retired Disabled 0% 9% 91% 0% 0% 0% 0%
Disabled Worker 0% 3% 70% 27% 0% 0% 0%
Claiming Age
62 or younger 0% 3% 83% 14% 0% 0% 0%
63–66 0% 2% 90% 8% 0% 0% 0%
67 or older 0% 2% 97% 1% 0% 0% 0%
Quarters of Coverage
201+ 0% 1% 91% 7% 0% 0% 0%
161–200 0% 1% 87% 11% 0% 0% 0%
81–160 0% 2% 86% 12% 0% 0% 0%
0–80 0% 10% 82% 8% 0% 0% 0%
Own AIME Quintile
$11,030+ 0% 1% 90% 9% 0% 0% 0%
$7,326 - $11,030 0% 2% 88% 10% 0% 0% 0%
$5,076 - $7,326 0% 2% 87% 11% 0% 0% 0%
$2,910 - $5,076 0% 3% 85% 11% 0% 0% 0%
$0-$2,910 0% 4% 85% 11% 0% 0% 0%
Paying AIME Quintile
$12,519+ 0% 3% 90% 7% 0% 0% 0%
$8,545 - $12,519 0% 2% 88% 9% 0% 0% 0%
$6,145 - $8,545 0% 2% 88% 10% 0% 0% 0%
$3,923 - $6,145 0% 2% 86% 12% 0% 0% 0%
$0-$3,923 0% 4% 82% 14% 0% 0% 0%
Hhld. Benefit Quintile
$4,389+ 0% 0% 93% 7% 0% 0% 0%
$3,216 - $4,389 0% 1% 90% 9% 0% 0% 0%
$2,435 - $3,216 0% 3% 88% 10% 0% 0% 0%
$1,690 - $2,435 0% 3% 85% 12% 0% 0% 0%
$0-$1,690 0% 6% 79% 15% 0% 0% 0%
Adj. Gross Income
$181,671+ 0% 1% 88% 10% 0% 0% 0%
$123,969 - $181,671 0% 1% 88% 10% 0% 0% 0%
$82,014 - $123,969 0% 2% 88% 10% 0% 0% 0%
$1 - $82,014 0% 3% 85% 12% 0% 0% 0%
$0.00 0% 4% 86% 10% 0% 0% 0%
Population: current law beneficiaries aged 60 and older
Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 03/09/2012
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 2070: SSAB Chained CPI 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% 10% 89%
Sex
Female 0% 0% 0% 0% 0% 13% 87%
Male 0% 0% 0% 0% 0% 8% 92%
Race/Ethnicity
Hispanic 0% 0% 0% 0% 0% 8% 92%
White 0% 0% 0% 0% 0% 12% 88%
Black 0% 0% 0% 0% 0% 11% 89%
Other 0% 0% 0% 0% 0% 9% 90%
Immigration
Immigrant 0% 0% 0% 0% 0% 9% 91%
Native Born 0% 0% 0% 0% 0% 11% 89%
Age
60–69 0% 0% 0% 0% 0% 3% 97%
70–79 0% 0% 0% 0% 0% 3% 97%
80–89 0% 0% 0% 0% 0% 9% 91%
90+ 0% 0% 0% 0% 0% 94% 5%
Marital Status
Never Married 0% 0% 0% 0% 0% 10% 90%
Married 0% 0% 0% 0% 0% 4% 96%
Divorced 0% 0% 0% 0% 0% 10% 89%
Widowed 0% 0% 0% 0% 0% 33% 67%
Education
Graduate 0% 0% 0% 0% 0% 12% 87%
Bachelor 0% 0% 0% 0% 0% 11% 88%
Associate 0% 0% 0% 0% 0% 10% 90%
High School 0% 0% 0% 0% 0% 11% 89%
Less than 12 Yrs 0% 0% 0% 0% 0% 7% 93%
Indiv. Income Quintile
$141,869+ 0% 0% 0% 0% 0% 15% 85%
$76,273 - $141,869 0% 0% 0% 0% 0% 9% 91%
$47,225 - $76,273 0% 0% 0% 0% 0% 9% 91%
$28,018 - $47,225 0% 0% 0% 0% 0% 9% 91%
$0-$28,018 0% 0% 0% 0% 0% 12% 88%
Hhld. Income Quintile
$234,849+ 0% 0% 0% 0% 0% 12% 88%
$125,659 - $234,849 0% 0% 0% 0% 0% 8% 91%
$74,813 - $125,659 0% 0% 0% 0% 0% 9% 91%
$41,558 - $74,813 0% 0% 0% 0% 0% 10% 90%
$0-$41,558 0% 0% 0% 0% 0% 14% 86%
Shared Earn. Quintile
$129,152+ 0% 0% 0% 0% 0% 11% 89%
$89,585 - $129,152 0% 0% 0% 0% 0% 9% 90%
$63,685 - $89,585 0% 0% 0% 0% 0% 9% 91%
$39,226 - $63,685 0% 0% 0% 0% 0% 9% 91%
$0-$39,226 0% 0% 0% 0% 0% 14% 86%
Benefit Type
Retired Worker 0% 0% 0% 0% 0% 6% 94%
Spousal & Worker 0% 0% 0% 0% 0% 5% 95%
Spousal Only 0% 0% 0% 0% 1% 6% 93%
Survivor & Worker 0% 0% 0% 0% 0% 32% 67%
Survivor Only 1% 0% 0% 0% 1% 32% 65%
Retired Disabled 0% 0% 0% 0% 0% 21% 79%
Disabled Worker 0% 0% 0% 0% 0% 12% 88%
Claiming Age
62 or younger 0% 0% 0% 0% 0% 12% 88%
63–66 0% 0% 0% 0% 0% 9% 91%
67 or older 0% 0% 0% 0% 0% 11% 88%
Quarters of Coverage
201+ 0% 0% 0% 0% 0% 10% 90%
161–200 0% 0% 0% 0% 0% 8% 92%
81–160 0% 0% 0% 0% 0% 9% 91%
0–80 0% 0% 0% 0% 0% 23% 77%
Own AIME Quintile
$11,030+ 0% 0% 0% 0% 0% 9% 91%
$7,326 - $11,030 0% 0% 0% 0% 0% 9% 90%
$5,076 - $7,326 0% 0% 0% 0% 0% 10% 90%
$2,910 - $5,076 0% 0% 0% 0% 0% 11% 89%
$0-$2,910 0% 0% 0% 0% 0% 13% 87%
Paying AIME Quintile
$12,519+ 0% 0% 0% 0% 0% 13% 86%
$8,545 - $12,519 0% 0% 0% 0% 0% 11% 89%
$6,145 - $8,545 0% 0% 0% 0% 0% 9% 90%
$3,923 - $6,145 0% 0% 0% 0% 0% 9% 91%
$0-$3,923 0% 0% 0% 0% 0% 10% 90%
Hhld. Benefit Quintile
$4,389+ 0% 0% 0% 0% 0% 3% 97%
$3,216 - $4,389 0% 0% 0% 0% 0% 6% 94%
$2,435 - $3,216 0% 0% 0% 0% 0% 13% 87%
$1,690 - $2,435 0% 0% 0% 0% 0% 15% 85%
$0-$1,690 0% 0% 0% 0% 0% 16% 83%
Adj. Gross Income
$181,671+ 0% 0% 0% 0% 0% 7% 93%
$123,969 - $181,671 0% 0% 0% 0% 0% 8% 92%
$82,014 - $123,969 0% 0% 0% 0% 0% 9% 91%
$1 - $82,014 0% 0% 0% 0% 0% 12% 88%
$0.00 0% 0% 0% 0% 0% 14% 86%
Population: current law beneficiaries aged 60 and older
Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 03/09/2012
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 2070: SSAB Chained CPI versus Scheduled
Characteristic Poverty Rate # of Poor Change
Scheduled Option Diff
Total 1.2% 1.3% 0.2% 158,449
Sex
Female 1.6% 1.8% 0.2% 97,182
Male 0.7% 0.8% 0.1% 61,267
Race/Ethnicity
Hispanic 1.7% 1.9% 0.2% 48,958
White 0.8% 0.9% 0.1% 78,096
Black 2.2% 2.5% 0.3% 25,484
Other 1.2% 1.2% 0.1% 5,909
Immigration
Immigrant 1.5% 1.7% 0.1% 25,091
Native Born 1.1% 1.2% 0.2% 133,357
Age
60–69 1.5% 1.7% 0.2% 49,845
70–79 1.1% 1.3% 0.2% 60,720
80–89 0.9% 1.1% 0.2% 42,755
90+ 0.7% 0.7% 0.1% 5,126
Marital Status
Never Married 3.4% 3.9% 0.5% 69,935
Married 0.4% 0.5% 0.1% 29,157
Divorced 1.5% 1.7% 0.2% 45,303
Widowed 1.2% 1.3% 0.1% 14,052
Education
Graduate 0.2% 0.3% 0.1% 9,368
Bachelor 0.4% 0.5% 0.1% 14,350
Associate 0.6% 0.7% 0.1% 25,563
High School 1.7% 2.0% 0.3% 82,651
Less than 12 Yrs 3.6% 3.9% 0.3% 26,515
Indiv. Income Quintile
$141,869+ 0.0% 0.0% 0.0% 0
$76,273 - $141,869 0.0% 0.0% 0.0% 0
$47,225 - $76,273 0.0% 0.0% 0.0% 0
$28,018 - $47,225 0.0% 0.0% 0.0% 0
$0-$28,018 5.9% 6.7% 0.8% 158,449
Hhld. Income Quintile
$234,849+ 0.0% 0.0% 0.0% 0
$125,659 - $234,849 0.0% 0.0% 0.0% 0
$74,813 - $125,659 0.0% 0.0% 0.0% 0
$41,558 - $74,813 0.0% 0.0% 0.0% 0
$0-$41,558 5.9% 6.7% 0.8% 158,449
Shared Earn. Quintile
$129,152+ 0.0% 0.0% 0.0% 0
$89,585 - $129,152 0.0% 0.0% 0.0% 0
$63,685 - $89,585 0.0% 0.0% 0.0% 0
$39,226 - $63,685 0.1% 0.1% 0.0% 2,774
$0-$39,226 5.8% 6.6% 0.8% 155,675
Benefit Type
Retired Worker 1.1% 1.2% 0.1% 63,922
Spousal & Worker 0.1% 0.2% 0.1% 2,774
Spousal Only 2.4% 2.6% 0.2% 2,660
Survivor & Worker 0.3% 0.4% 0.1% 7,203
Survivor Only 5.0% 5.2% 0.2% 1,376
Retired Disabled 2.0% 2.5% 0.5% 43,677
Disabled Worker 2.3% 3.1% 0.8% 36,834
Claiming Age
62 or younger 1.8% 2.1% 0.3% 119,924
63–66 0.5% 0.6% 0.1% 30,698
67 or older 0.8% 0.9% 0.1% 7,826
Quarters of Coverage
201+ 0.0% 0.0% 0.0% 0
161–200 0.0% 0.0% 0.0% 0
81–160 0.7% 0.8% 0.1% 35,195
0–80 7.8% 8.9% 1.1% 123,254
Own AIME Quintile
$11,030+ 0.0% 0.0% 0.0% 0
$7,326 - $11,030 0.0% 0.0% 0.0% 0
$5,076 - $7,326 0.0% 0.0% 0.0% 0
$2,910 - $5,076 0.0% 0.0% 0.0% 4,468
$0-$2,910 5.8% 6.6% 0.8% 153,981
Paying AIME Quintile
$12,519+ 0.0% 0.0% 0.0% 0
$8,545 - $12,519 0.0% 0.0% 0.0% 0
$6,145 - $8,545 0.0% 0.0% 0.0% 2,774
$3,923 - $6,145 0.0% 0.0% 0.0% 0
$0-$3,923 5.8% 6.7% 0.8% 155,675
Hhld. Benefit Quintile
$4,389+ 0.0% 0.0% 0.0% 0
$3,216 - $4,389 0.0% 0.0% 0.0% 0
$2,435 - $3,216 0.0% 0.0% 0.0% 0
$1,690 - $2,435 0.0% 0.0% 0.0% 0
$0-$1,690 5.9% 6.7% 0.8% 158,449
Adj. Gross Income
$181,671+ 0.0% 0.0% 0.0% 0
$123,969 - $181,671 0.0% 0.0% 0.0% 0
$82,014 - $123,969 0.0% 0.0% 0.0% 0
$1 - $82,014 1.0% 1.1% 0.1% 22,116
$0.00 3.0% 3.5% 0.4% 136,332
Population: current law beneficiaries aged 60 and older
Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 03/09/2012
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 2070: SSAB Chained CPI versus Payable
Characteristic Poverty Rate # of Poor Change
Payable Option Diff
Total 2.3% 1.3% -1.0% -906,150
Sex
Female 3.0% 1.8% -1.2% -618,521
Male 1.5% 0.8% -0.7% -287,629
Race/Ethnicity
Hispanic 3.3% 1.9% -1.3% -273,450
White 1.5% 0.9% -0.6% -335,054
Black 4.6% 2.5% -2.1% -209,622
Other 2.1% 1.2% -0.9% -88,023
Immigration
Immigrant 3.0% 1.7% -1.3% -289,238
Native Born 2.1% 1.2% -0.8% -616,912
Age
60–69 2.9% 1.7% -1.2% -335,096
70–79 2.3% 1.3% -0.9% -347,388
80–89 1.9% 1.1% -0.8% -183,678
90+ 1.4% 0.7% -0.6% -39,986
Marital Status
Never Married 6.2% 3.9% -2.3% -313,193
Married 0.8% 0.5% -0.4% -181,462
Divorced 3.3% 1.7% -1.6% -293,436
Widowed 2.2% 1.3% -0.8% -118,058
Education
Graduate 0.7% 0.3% -0.4% -44,266
Bachelor 0.7% 0.5% -0.3% -56,678
Associate 1.7% 0.7% -1.0% -206,967
High School 3.3% 2.0% -1.3% -402,171
Less than 12 Yrs 6.1% 3.9% -2.2% -196,067
Indiv. Income Quintile
$141,869+ 0.0% 0.0% 0.0% 0
$76,273 - $141,869 0.0% 0.0% 0.0% 0
$47,225 - $76,273 0.0% 0.0% 0.0% 0
$28,018 - $47,225 0.0% 0.0% 0.0% 0
$0-$28,018 11.6% 6.7% -4.8% -906,150
Hhld. Income Quintile
$234,849+ 0.0% 0.0% 0.0% 0
$125,659 - $234,849 0.0% 0.0% 0.0% 0
$74,813 - $125,659 0.0% 0.0% 0.0% 0
$41,558 - $74,813 0.0% 0.0% 0.0% 0
$0-$41,558 11.6% 6.7% -4.8% -906,150
Shared Earn. Quintile
$129,152+ 0.0% 0.0% 0.0% -2,661
$89,585 - $129,152 0.0% 0.0% 0.0% 0
$63,685 - $89,585 0.0% 0.0% 0.0% 0
$39,226 - $63,685 0.2% 0.1% -0.2% -29,642
$0-$39,226 11.2% 6.6% -4.6% -873,846
Benefit Type
Retired Worker 2.2% 1.2% -1.0% -630,166
Spousal & Worker 0.5% 0.2% -0.3% -9,297
Spousal Only 4.0% 2.6% -1.4% -17,292
Survivor & Worker 0.8% 0.4% -0.4% -41,077
Survivor Only 6.5% 5.2% -1.4% -10,545
Retired Disabled 3.7% 2.5% -1.3% -110,506
Disabled Worker 4.9% 3.1% -1.8% -87,265
Claiming Age
62 or younger 3.5% 2.1% -1.4% -656,260
63–66 1.1% 0.6% -0.5% -209,601
67 or older 1.6% 0.9% -0.7% -40,288
Quarters of Coverage
201+ 0.0% 0.0% 0.0% 0
161–200 0.1% 0.0% -0.1% -24,867
81–160 2.1% 0.8% -1.3% -469,853
0–80 12.5% 8.9% -3.7% -411,429
Own AIME Quintile
$11,030+ 0.0% 0.0% 0.0% 0
$7,326 - $11,030 0.0% 0.0% 0.0% 0
$5,076 - $7,326 0.0% 0.0% 0.0% -1,669
$2,910 - $5,076 0.6% 0.0% -0.6% -104,806
$0-$2,910 10.9% 6.6% -4.2% -799,674
Paying AIME Quintile
$12,519+ 0.0% 0.0% 0.0% 0
$8,545 - $12,519 0.0% 0.0% 0.0% 0
$6,145 - $8,545 0.1% 0.0% 0.0% -7,701
$3,923 - $6,145 0.1% 0.0% -0.1% -20,940
$0-$3,923 11.3% 6.7% -4.6% -877,508
Hhld. Benefit Quintile
$4,389+ 0.0% 0.0% 0.0% 0
$3,216 - $4,389 0.0% 0.0% 0.0% 0
$2,435 - $3,216 0.0% 0.0% 0.0% 0
$1,690 - $2,435 0.0% 0.0% 0.0% 0
$0-$1,690 11.5% 6.7% -4.8% -906,150
Adj. Gross Income
$181,671+ 0.0% 0.0% 0.0% 0
$123,969 - $181,671 0.0% 0.0% 0.0% 0
$82,014 - $123,969 0.0% 0.0% 0.0% 0
$1 - $82,014 1.7% 1.1% -0.6% -92,416
$0.00 6.1% 3.5% -2.6% -813,733
Population: current law beneficiaries aged 60 and older
Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 03/09/2012
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, 2070
Characteristic Wage-Adjusted (2012 $) Inflation-Adjusted (2012 $) Nominal
(2070 $)
Total $1,016 $2,062 $9,821
Sex
Female $920 $1,867 $8,892
Male $1,131 $2,295 $10,929
Race/Ethnicity
Hispanic $879 $1,784 $8,495
White $1,084 $2,200 $10,478
Black $945 $1,917 $9,129
Other $1,051 $2,132 $10,156
Immigration
Immigrant $907 $1,840 $8,765
Native Born $1,046 $2,122 $10,105
Age
60–69 $966 $1,960 $9,337
70–79 $1,031 $2,093 $9,967
80–89 $1,033 $2,095 $9,979
90+ $1,076 $2,184 $10,401
Marital Status
Never Married $927 $1,881 $8,961
Married $991 $2,010 $9,575
Divorced $1,067 $2,165 $10,312
Widowed $1,121 $2,276 $10,838
Education
Graduate $1,297 $2,632 $12,534
Bachelor $1,231 $2,498 $11,897
Associate $1,000 $2,030 $9,669
High School $907 $1,841 $8,768
Less than 12 Yrs $759 $1,541 $7,339
Indiv. Income Quintile
$141,869+ $1,435 $2,911 $13,865
$76,273 - $141,869 $1,237 $2,510 $11,954
$47,225 - $76,273 $1,090 $2,211 $10,532
$28,018 - $47,225 $942 $1,912 $9,105
$0-$28,018 $625 $1,268 $6,039
Hhld. Income Quintile
$234,849+ $1,354 $2,747 $13,082
$125,659 - $234,849 $1,200 $2,435 $11,599
$74,813 - $125,659 $1,080 $2,192 $10,438
$41,558 - $74,813 $949 $1,926 $9,171
$0-$41,558 $699 $1,419 $6,757
Shared Earn. Quintile
$129,152+ $1,532 $3,109 $14,809
$89,585 - $129,152 $1,265 $2,568 $12,229
$63,685 - $89,585 $1,034 $2,098 $9,993
$39,226 - $63,685 $841 $1,707 $8,130
$0-$39,226 $588 $1,193 $5,682
Benefit Type
Retired Worker $1,032 $2,095 $9,978
Spousal & Worker $656 $1,331 $6,341
Spousal Only $440 $892 $4,251
Survivor & Worker $1,183 $2,400 $11,429
Survivor Only $850 $1,725 $8,217
Retired Disabled $1,010 $2,050 $9,765
Disabled Worker $1,001 $2,032 $9,678
Claiming Age
62 or younger $874 $1,773 $8,446
63–66 $1,154 $2,341 $11,148
67 or older $1,404 $2,849 $13,567
Quarters of Coverage
201+ $1,409 $2,858 $13,612
161–200 $1,167 $2,367 $11,274
81–160 $853 $1,731 $8,247
0–80 $555 $1,126 $5,361
Own AIME Quintile
$11,030+ $1,586 $3,218 $15,327
$7,326 - $11,030 $1,247 $2,531 $12,054
$5,076 - $7,326 $976 $1,979 $9,427
$2,910 - $5,076 $762 $1,545 $7,360
$0-$2,910 $551 $1,117 $5,320
Paying AIME Quintile
$12,519+ $1,590 $3,227 $15,370
$8,545 - $12,519 $1,317 $2,672 $12,728
$6,145 - $8,545 $1,052 $2,135 $10,168
$3,923 - $6,145 $831 $1,685 $8,027
$0-$3,923 $562 $1,141 $5,432
Hhld. Benefit Quintile
$4,389+ $1,390 $2,820 $13,429
$3,216 - $4,389 $1,179 $2,392 $11,392
$2,435 - $3,216 $1,285 $2,606 $12,414
$1,690 - $2,435 $976 $1,981 $9,434
$0-$1,690 $610 $1,237 $5,893
Adj. Gross Income
$181,671+ $1,354 $2,748 $13,087
$123,969 - $181,671 $1,202 $2,440 $11,619
$82,014 - $123,969 $1,112 $2,257 $10,749
$1 - $82,014 $897 $1,819 $8,665
$0.00 $833 $1,690 $8,050
Population: current law beneficiaries aged 60 and older
Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 03/09/2012
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, 2070
Characteristic Wage-Adjusted (2012 $) Inflation-Adjusted (2012 $) Nominal
(2070 $)
Total $780 $1,584 $7,542
Sex
Female $707 $1,434 $6,829
Male $868 $1,762 $8,393
Race/Ethnicity
Hispanic $675 $1,370 $6,524
White $833 $1,690 $8,047
Black $725 $1,472 $7,011
Other $807 $1,638 $7,800
Immigration
Immigrant $697 $1,413 $6,732
Native Born $803 $1,629 $7,761
Age
60–69 $742 $1,506 $7,171
70–79 $792 $1,607 $7,654
80–89 $793 $1,609 $7,664
90+ $827 $1,677 $7,988
Marital Status
Never Married $712 $1,445 $6,882
Married $761 $1,544 $7,354
Divorced $819 $1,663 $7,919
Widowed $861 $1,748 $8,323
Education
Graduate $996 $2,021 $9,626
Bachelor $945 $1,918 $9,137
Associate $768 $1,559 $7,426
High School $697 $1,414 $6,734
Less than 12 Yrs $583 $1,183 $5,636
Indiv. Income Quintile
$141,869+ $1,102 $2,236 $10,649
$76,273 - $141,869 $950 $1,928 $9,181
$47,225 - $76,273 $837 $1,698 $8,089
$28,018 - $47,225 $724 $1,468 $6,993
$0-$28,018 $480 $974 $4,638
Hhld. Income Quintile
$234,849+ $1,040 $2,110 $10,047
$125,659 - $234,849 $922 $1,870 $8,908
$74,813 - $125,659 $830 $1,683 $8,017
$41,558 - $74,813 $729 $1,479 $7,043
$0-$41,558 $537 $1,090 $5,189
Shared Earn. Quintile
$129,152+ $1,177 $2,388 $11,373
$89,585 - $129,152 $972 $1,972 $9,392
$63,685 - $89,585 $794 $1,611 $7,675
$39,226 - $63,685 $646 $1,311 $6,244
$0-$39,226 $452 $916 $4,364
Benefit Type
Retired Worker $793 $1,609 $7,663
Spousal & Worker $504 $1,022 $4,870
Spousal Only $338 $685 $3,264
Survivor & Worker $908 $1,843 $8,777
Survivor Only $653 $1,325 $6,311
Retired Disabled $776 $1,575 $7,499
Disabled Worker $769 $1,561 $7,432
Claiming Age
62 or younger $671 $1,362 $6,487
63–66 $886 $1,798 $8,562
67 or older $1,078 $2,188 $10,420
Quarters of Coverage
201+ $1,082 $2,195 $10,454
161–200 $896 $1,818 $8,659
81–160 $655 $1,330 $6,333
0–80 $426 $865 $4,117
Own AIME Quintile
$11,030+ $1,218 $2,471 $11,771
$7,326 - $11,030 $958 $1,944 $9,258
$5,076 - $7,326 $749 $1,520 $7,240
$2,910 - $5,076 $585 $1,187 $5,653
$0-$2,910 $423 $858 $4,086
Paying AIME Quintile
$12,519+ $1,221 $2,478 $11,804
$8,545 - $12,519 $1,011 $2,052 $9,775
$6,145 - $8,545 $808 $1,640 $7,809
$3,923 - $6,145 $638 $1,294 $6,165
$0-$3,923 $432 $876 $4,172
Hhld. Benefit Quintile
$4,389+ $1,067 $2,165 $10,313
$3,216 - $4,389 $905 $1,837 $8,749
$2,435 - $3,216 $987 $2,002 $9,534
$1,690 - $2,435 $750 $1,521 $7,245
$0-$1,690 $468 $950 $4,526
Adj. Gross Income
$181,671+ $1,040 $2,110 $10,051
$123,969 - $181,671 $923 $1,874 $8,924
$82,014 - $123,969 $854 $1,733 $8,255
$1 - $82,014 $689 $1,397 $6,654
$0.00 $640 $1,298 $6,183
Population: current law beneficiaries aged 60 and older
Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 03/09/2012
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.