Retirement Age Increases

Table 1. Individual benefits 2070: Increase EEA and FRA versus Scheduled
Characteristic	Median Percent Change	Percent With
Characteristic	Median Percent Change	Lower Benefits	Higher Benefits
Total	-2%	53%	28%
Sex
Female	-1%	52%	29%
Male	-3%	54%	27%
Race/Ethnicity
Hispanic	0%	49%	28%
White	-2%	55%	28%
Black	0%	43%	29%
Other	-4%	60%	24%
Immigration
Immigrant	-3%	57%	25%
Native Born	-1%	52%	29%
Age
60–69	0%	46%	29%
70–79	-2%	54%	30%
80–89	-3%	57%	27%
90+	-2%	62%	20%
Marital Status
Never Married	0%	47%	31%
Married	-2%	53%	31%
Divorced	-1%	52%	30%
Widowed	-2%	59%	13%
Education
Graduate	-5%	63%	24%
Bachelor	-4%	60%	26%
Associate	0%	50%	31%
High School	0%	48%	29%
Less than 12 Yrs	0%	47%	30%
Indiv. Income Quintile
$141,869+	-5%	67%	22%
$76,273 - $141,869	-5%	60%	25%
$47,225 - $76,273	-2%	53%	27%
$28,018 - $47,225	0%	46%	30%
$0-$28,018	0%	37%	37%
Hhld. Income Quintile
$234,849+	-5%	64%	24%
$125,659 - $234,849	-4%	59%	27%
$74,813 - $125,659	-2%	54%	27%
$41,558 - $74,813	0%	48%	30%
$0-$41,558	0%	39%	33%
Shared Earn. Quintile
$129,152+	-5%	67%	24%
$89,585 - $129,152	-4%	59%	28%
$63,685 - $89,585	-1%	52%	29%
$39,226 - $63,685	0%	46%	31%
$0-$39,226	0%	40%	28%
Benefit Type
Retired Worker	-6%	62%	35%
Spousal & Worker	0%	46%	46%
Spousal Only	-2%	59%	18%
Survivor & Worker	-1%	56%	15%
Survivor Only	-2%	62%	11%
Retired Disabled	0%	11%	2%
Disabled Worker	0%	4%	1%
Claiming Age
62 or younger	3%	13%	57%
63–66	-8%	90%	1%
67 or older	-8%	90%	3%
Quarters of Coverage
201+	-7%	81%	15%
161–200	-3%	56%	30%
81–160	0%	41%	34%
0–80	0%	42%	22%
Own AIME Quintile
$11,030+	-6%	67%	25%
$7,326 - $11,030	-4%	57%	28%
$5,076 - $7,326	-1%	51%	28%
$2,910 - $5,076	0%	45%	31%
$0-$2,910	0%	45%	30%
Paying AIME Quintile
$12,519+	-5%	66%	23%
$8,545 - $12,519	-3%	57%	27%
$6,145 - $8,545	-2%	54%	28%
$3,923 - $6,145	0%	46%	31%
$0-$3,923	0%	42%	32%
Hhld. Benefit Quintile
$4,389+	-7%	65%	23%
$3,216 - $4,389	-4%	59%	25%
$2,435 - $3,216	-2%	54%	27%
$1,690 - $2,435	0%	48%	28%
$0-$1,690	0%	38%	38%
Adj. Gross Income
$181,671+	-6%	66%	23%
$123,969 - $181,671	-4%	58%	28%
$82,014 - $123,969	-3%	56%	28%
$1 - $82,014	0%	49%	31%
$0.00	0%	44%	29%
Population: current law beneficiaries aged 60 and older Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 04/16/2012
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: Increase EEA and FRA versus Payable
Characteristic	Median Percent Change	Percent With
Characteristic	Median Percent Change	Lower Benefits	Higher Benefits
Total	27%	3%	97%
Sex
Female	27%	4%	96%
Male	26%	3%	97%
Race/Ethnicity
Hispanic	29%	3%	97%
White	26%	3%	97%
Black	30%	3%	97%
Other	23%	4%	96%
Immigration
Immigrant	25%	3%	97%
Native Born	27%	3%	97%
Age
60–69	30%	11%	89%
70–79	26%	0%	100%
80–89	25%	0%	100%
90+	26%	0%	100%
Marital Status
Never Married	30%	2%	98%
Married	26%	4%	96%
Divorced	27%	4%	96%
Widowed	26%	1%	99%
Education
Graduate	23%	3%	96%
Bachelor	24%	3%	97%
Associate	29%	3%	96%
High School	29%	3%	97%
Less than 12 Yrs	29%	4%	96%
Indiv. Income Quintile
$141,869+	22%	4%	96%
$76,273 - $141,869	23%	5%	95%
$47,225 - $76,273	26%	3%	97%
$28,018 - $47,225	30%	2%	98%
$0-$28,018	30%	2%	98%
Hhld. Income Quintile
$234,849+	22%	4%	96%
$125,659 - $234,849	24%	5%	95%
$74,813 - $125,659	26%	4%	96%
$41,558 - $74,813	29%	2%	98%
$0-$41,558	30%	2%	98%
Shared Earn. Quintile
$129,152+	22%	4%	96%
$89,585 - $129,152	24%	3%	97%
$63,685 - $89,585	27%	3%	97%
$39,226 - $63,685	30%	3%	97%
$0-$39,226	30%	3%	97%
Benefit Type
Retired Worker	22%	4%	96%
Spousal & Worker	30%	5%	95%
Spousal Only	27%	5%	95%
Survivor & Worker	27%	2%	98%
Survivor Only	27%	4%	96%
Retired Disabled	30%	0%	100%
Disabled Worker	30%	0%	100%
Claiming Age
62 or younger	34%	4%	96%
63–66	19%	3%	96%
67 or older	19%	1%	99%
Quarters of Coverage
201+	20%	5%	95%
161–200	25%	3%	97%
81–160	30%	3%	97%
0–80	30%	3%	97%
Own AIME Quintile
$11,030+	22%	4%	96%
$7,326 - $11,030	24%	3%	97%
$5,076 - $7,326	28%	3%	97%
$2,910 - $5,076	30%	3%	97%
$0-$2,910	30%	4%	96%
Paying AIME Quintile
$12,519+	23%	4%	96%
$8,545 - $12,519	25%	3%	97%
$6,145 - $8,545	27%	3%	97%
$3,923 - $6,145	30%	3%	97%
$0-$3,923	30%	4%	96%
Hhld. Benefit Quintile
$4,389+	20%	3%	97%
$3,216 - $4,389	23%	3%	97%
$2,435 - $3,216	27%	2%	97%
$1,690 - $2,435	29%	3%	97%
$0-$1,690	30%	5%	95%
Adj. Gross Income
$181,671+	21%	5%	95%
$123,969 - $181,671	24%	4%	96%
$82,014 - $123,969	25%	4%	96%
$1 - $82,014	29%	3%	97%
$0.00	30%	2%	98%
Population: current law beneficiaries aged 60 and older Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 04/16/2012
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: Increase EEA and FRA versus Scheduled
Characteristic	% of Population With % Change of
Characteristic	-20%+	-10 to -19%	-1 to -9%	No change	+1 to +9%	+10 to +19%	+20%+
Total	4%	17%	33%	19%	28%	0%	0%
Sex
Female	4%	15%	33%	19%	28%	0%	0%
Male	3%	18%	33%	19%	27%	0%	0%
Race/Ethnicity
Hispanic	4%	18%	28%	22%	28%	0%	0%
White	3%	16%	36%	17%	28%	0%	0%
Black	3%	13%	27%	28%	28%	1%	0%
Other	4%	21%	34%	16%	24%	0%	0%
Immigration
Immigrant	3%	21%	33%	17%	25%	0%	0%
Native Born	4%	15%	33%	19%	28%	0%	0%
Age
60–69	12%	22%	12%	26%	27%	0%	1%
70–79	0%	23%	31%	16%	30%	0%	0%
80–89	0%	4%	53%	16%	26%	0%	0%
90+	0%	0%	61%	18%	20%	0%	0%
Marital Status
Never Married	2%	14%	30%	22%	30%	1%	0%
Married	4%	21%	28%	16%	31%	0%	0%
Divorced	4%	14%	34%	18%	29%	0%	0%
Widowed	1%	6%	51%	28%	13%	0%	0%
Education
Graduate	4%	19%	41%	12%	24%	0%	0%
Bachelor	4%	18%	39%	14%	25%	0%	0%
Associate	4%	15%	31%	19%	31%	0%	0%
High School	3%	15%	29%	23%	28%	0%	0%
Less than 12 Yrs	4%	18%	25%	23%	29%	0%	0%
Indiv. Income Quintile
$141,869+	4%	16%	47%	11%	22%	0%	0%
$76,273 - $141,869	6%	20%	35%	15%	24%	0%	0%
$47,225 - $76,273	3%	17%	32%	19%	26%	0%	0%
$28,018 - $47,225	2%	16%	29%	24%	30%	0%	0%
$0-$28,018	3%	13%	22%	26%	36%	0%	0%
Hhld. Income Quintile
$234,849+	5%	18%	42%	11%	24%	0%	0%
$125,659 - $234,849	5%	19%	35%	15%	26%	0%	0%
$74,813 - $125,659	4%	18%	32%	18%	27%	0%	0%
$41,558 - $74,813	2%	15%	30%	22%	29%	0%	0%
$0-$41,558	2%	12%	25%	28%	32%	0%	0%
Shared Earn. Quintile
$129,152+	4%	16%	47%	9%	24%	0%	0%
$89,585 - $129,152	4%	18%	37%	13%	27%	0%	0%
$63,685 - $89,585	3%	17%	31%	18%	29%	0%	0%
$39,226 - $63,685	3%	15%	28%	22%	30%	0%	0%
$0-$39,226	3%	16%	22%	32%	28%	0%	0%
Benefit Type
Retired Worker	4%	22%	35%	3%	35%	0%	0%
Spousal & Worker	6%	12%	28%	8%	45%	1%	0%
Spousal Only	6%	20%	33%	24%	17%	1%	0%
Survivor & Worker	2%	3%	52%	29%	15%	0%	0%
Survivor Only	4%	9%	48%	28%	10%	0%	0%
Retired Disabled	0%	1%	10%	86%	2%	0%	0%
Disabled Worker	0%	1%	3%	95%	1%	0%	0%
Claiming Age
62 or younger	4%	1%	8%	30%	56%	0%	0%
63–66	4%	31%	55%	9%	1%	0%	0%
67 or older	1%	29%	60%	7%	3%	0%	0%
Quarters of Coverage
201+	6%	21%	54%	4%	15%	0%	0%
161–200	3%	17%	36%	13%	30%	0%	0%
81–160	3%	14%	24%	25%	33%	0%	0%
0–80	3%	15%	24%	35%	22%	0%	0%
Own AIME Quintile
$11,030+	4%	15%	48%	9%	24%	0%	0%
$7,326 - $11,030	3%	20%	33%	15%	27%	0%	0%
$5,076 - $7,326	3%	18%	29%	21%	28%	0%	0%
$2,910 - $5,076	3%	14%	28%	24%	30%	0%	0%
$0-$2,910	4%	15%	26%	25%	29%	0%	0%
Paying AIME Quintile
$12,519+	4%	13%	49%	12%	22%	0%	0%
$8,545 - $12,519	3%	16%	37%	16%	27%	0%	0%
$6,145 - $8,545	3%	19%	31%	19%	27%	0%	0%
$3,923 - $6,145	3%	17%	26%	23%	31%	0%	0%
$0-$3,923	4%	17%	21%	26%	31%	0%	0%
Hhld. Benefit Quintile
$4,389+	3%	23%	39%	12%	23%	0%	0%
$3,216 - $4,389	4%	20%	36%	16%	25%	0%	0%
$2,435 - $3,216	3%	14%	37%	20%	26%	0%	0%
$1,690 - $2,435	3%	13%	32%	24%	27%	0%	0%
$0-$1,690	5%	12%	21%	24%	37%	1%	1%
Adj. Gross Income
$181,671+	6%	22%	38%	11%	23%	0%	0%
$123,969 - $181,671	4%	19%	35%	14%	27%	0%	0%
$82,014 - $123,969	4%	18%	35%	16%	27%	0%	0%
$1 - $82,014	4%	14%	31%	20%	30%	0%	0%
$0.00	2%	13%	29%	27%	29%	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: 04/16/2012
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: Increase EEA and FRA versus Payable
Characteristic	% of Population With % Change of
Characteristic	-20%+	-10 to -19%	-1 to -9%	No change	+1 to +9%	+10 to +19%	+20%+
Total	3%	0%	0%	0%	1%	27%	69%
Sex
Female	3%	0%	0%	0%	1%	24%	72%
Male	2%	0%	0%	0%	1%	30%	66%
Race/Ethnicity
Hispanic	3%	0%	0%	0%	1%	26%	70%
White	2%	0%	0%	0%	1%	27%	69%
Black	2%	0%	0%	0%	1%	22%	75%
Other	3%	0%	0%	0%	1%	33%	62%
Immigration
Immigrant	2%	0%	0%	0%	1%	31%	65%
Native Born	3%	0%	0%	0%	1%	26%	70%
Age
60–69	9%	1%	1%	0%	2%	23%	64%
70–79	0%	0%	0%	0%	0%	38%	61%
80–89	0%	0%	0%	0%	0%	20%	80%
90+	0%	0%	0%	0%	0%	1%	99%
Marital Status
Never Married	1%	0%	1%	0%	1%	23%	74%
Married	3%	0%	1%	0%	1%	32%	63%
Divorced	4%	0%	0%	0%	1%	24%	71%
Widowed	1%	0%	0%	0%	0%	15%	84%
Education
Graduate	2%	0%	1%	0%	1%	32%	64%
Bachelor	2%	0%	1%	0%	1%	30%	66%
Associate	3%	0%	0%	0%	0%	25%	71%
High School	3%	0%	0%	0%	1%	24%	72%
Less than 12 Yrs	3%	0%	0%	0%	1%	25%	70%
Indiv. Income Quintile
$141,869+	3%	0%	1%	0%	1%	31%	64%
$76,273 - $141,869	4%	0%	1%	0%	1%	31%	63%
$47,225 - $76,273	3%	0%	0%	0%	1%	28%	68%
$28,018 - $47,225	2%	0%	0%	0%	0%	25%	73%
$0-$28,018	2%	0%	0%	0%	1%	19%	78%
Hhld. Income Quintile
$234,849+	3%	0%	1%	0%	1%	32%	63%
$125,659 - $234,849	3%	0%	1%	0%	1%	31%	64%
$74,813 - $125,659	3%	0%	0%	0%	1%	28%	67%
$41,558 - $74,813	2%	0%	0%	0%	1%	24%	73%
$0-$41,558	2%	0%	0%	0%	1%	19%	79%
Shared Earn. Quintile
$129,152+	3%	0%	1%	0%	1%	33%	63%
$89,585 - $129,152	2%	0%	1%	0%	1%	30%	66%
$63,685 - $89,585	2%	0%	0%	0%	0%	28%	69%
$39,226 - $63,685	3%	0%	0%	0%	0%	24%	73%
$0-$39,226	3%	0%	0%	0%	1%	20%	76%
Benefit Type
Retired Worker	3%	0%	1%	0%	1%	36%	59%
Spousal & Worker	5%	0%	0%	0%	1%	19%	75%
Spousal Only	5%	0%	0%	0%	4%	20%	71%
Survivor & Worker	2%	0%	0%	0%	0%	8%	90%
Survivor Only	4%	0%	0%	0%	2%	13%	81%
Retired Disabled	0%	0%	0%	0%	0%	2%	98%
Disabled Worker	0%	0%	0%	0%	0%	1%	98%
Claiming Age
62 or younger	3%	0%	0%	0%	0%	2%	94%
63–66	2%	0%	1%	0%	1%	50%	46%
67 or older	1%	0%	0%	0%	0%	54%	44%
Quarters of Coverage
201+	3%	1%	1%	0%	1%	42%	52%
161–200	2%	0%	0%	0%	0%	30%	67%
81–160	3%	0%	0%	0%	0%	20%	76%
0–80	3%	0%	0%	0%	2%	18%	77%
Own AIME Quintile
$11,030+	2%	0%	1%	0%	0%	33%	63%
$7,326 - $11,030	2%	0%	0%	0%	0%	32%	64%
$5,076 - $7,326	2%	0%	0%	0%	0%	28%	69%
$2,910 - $5,076	3%	0%	0%	0%	0%	22%	75%
$0-$2,910	3%	0%	0%	0%	2%	19%	75%
Paying AIME Quintile
$12,519+	2%	0%	1%	0%	0%	29%	67%
$8,545 - $12,519	2%	0%	0%	0%	1%	28%	68%
$6,145 - $8,545	2%	0%	0%	0%	0%	29%	67%
$3,923 - $6,145	3%	0%	0%	0%	1%	25%	71%
$0-$3,923	3%	0%	0%	0%	1%	22%	73%
Hhld. Benefit Quintile
$4,389+	2%	0%	0%	0%	1%	42%	55%
$3,216 - $4,389	3%	0%	0%	0%	0%	32%	64%
$2,435 - $3,216	2%	0%	0%	0%	0%	23%	74%
$1,690 - $2,435	2%	0%	1%	0%	1%	21%	75%
$0-$1,690	4%	0%	1%	0%	1%	15%	79%
Adj. Gross Income
$181,671+	3%	0%	1%	0%	1%	37%	57%
$123,969 - $181,671	3%	0%	0%	0%	1%	31%	64%
$82,014 - $123,969	3%	0%	1%	0%	1%	28%	67%
$1 - $82,014	3%	0%	0%	0%	1%	22%	74%
$0.00	2%	0%	0%	0%	1%	21%	77%
Population: current law beneficiaries aged 60 and older Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 04/16/2012
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: Increase EEA and FRA versus Scheduled
Characteristic	Poverty Rate			# of Poor Change
Characteristic	Scheduled	Option	Diff	# of Poor Change
Total	1.1%	1.4%	0.3%	247,311
Sex
Female	1.6%	1.9%	0.3%	165,127
Male	0.7%	0.8%	0.2%	82,184
Race/Ethnicity
Hispanic	1.7%	1.9%	0.3%	52,134
White	0.8%	1.0%	0.3%	138,037
Black	2.1%	2.4%	0.3%	30,142
Other	1.2%	1.4%	0.3%	26,996
Immigration
Immigrant	1.5%	1.8%	0.2%	52,098
Native Born	1.0%	1.3%	0.3%	195,212
Age
60–69	1.5%	2.2%	0.7%	188,701
70–79	1.1%	1.3%	0.1%	40,098
80–89	0.9%	1.0%	0.1%	13,385
90+	0.7%	0.7%	0.1%	5,126
Marital Status
Never Married	3.3%	3.4%	0.1%	6,804
Married	0.4%	0.6%	0.2%	74,089
Divorced	1.5%	2.2%	0.7%	130,584
Widowed	1.2%	1.5%	0.3%	35,832
Education
Graduate	0.2%	0.4%	0.2%	19,041
Bachelor	0.4%	0.5%	0.2%	36,041
Associate	0.6%	0.8%	0.2%	46,455
High School	1.7%	2.0%	0.3%	96,085
Less than 12 Yrs	3.5%	4.1%	0.6%	49,686
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%	0.2%	0.2%	38,821
$0-$28,018	5.8%	7.0%	1.1%	208,490
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%	0.1%	0.1%	10,379
$0-$41,558	5.8%	7.1%	1.3%	236,931
Shared Earn. Quintile
$129,152+	0.0%	0.0%	0.0%	2,749
$89,585 - $129,152	0.0%	0.1%	0.1%	11,558
$63,685 - $89,585	0.0%	0.1%	0.1%	15,943
$39,226 - $63,685	0.1%	0.3%	0.3%	48,455
$0-$39,226	5.7%	6.6%	0.9%	168,604
Benefit Type
Retired Worker	1.1%	1.4%	0.3%	195,940
Spousal & Worker	0.1%	0.2%	0.1%	4,059
Spousal Only	2.4%	2.8%	0.5%	5,580
Survivor & Worker	0.3%	0.5%	0.2%	20,233
Survivor Only	5.0%	6.9%	1.9%	14,769
Retired Disabled	2.0%	2.0%	0.1%	6,079
Disabled Worker	2.3%	2.3%	0.0%	646
Claiming Age
62 or younger	1.8%	2.1%	0.3%	135,672
63–66	0.5%	0.7%	0.2%	91,954
67 or older	0.8%	1.1%	0.3%	19,683
Quarters of Coverage
201+	0.0%	0.0%	0.0%	5,523
161–200	0.0%	0.1%	0.1%	21,041
81–160	0.6%	1.0%	0.4%	131,741
0–80	7.6%	8.4%	0.8%	89,005
Own AIME Quintile
$11,030+	0.0%	0.0%	0.0%	2,749
$7,326 - $11,030	0.0%	0.1%	0.1%	16,056
$5,076 - $7,326	0.0%	0.1%	0.1%	23,830
$2,910 - $5,076	0.0%	0.3%	0.2%	45,242
$0-$2,910	5.7%	6.6%	0.9%	159,432
Paying AIME Quintile
$12,519+	0.0%	0.0%	0.0%	2,749
$8,545 - $12,519	0.0%	0.1%	0.1%	13,355
$6,145 - $8,545	0.0%	0.2%	0.2%	29,782
$3,923 - $6,145	0.0%	0.2%	0.2%	37,611
$0-$3,923	5.8%	6.7%	0.9%	163,813
Hhld. Benefit Quintile
$4,389+	0.0%	0.0%	0.0%	0
$3,216 - $4,389	0.0%	0.0%	0.0%	4,498
$2,435 - $3,216	0.0%	0.1%	0.1%	27,493
$1,690 - $2,435	0.0%	0.2%	0.2%	40,263
$0-$1,690	5.9%	6.8%	1.0%	175,055
Adj. Gross Income
$181,671+	0.0%	0.0%	0.0%	4,498
$123,969 - $181,671	0.0%	0.0%	0.0%	831
$82,014 - $123,969	0.0%	0.0%	0.0%	0
$1 - $82,014	0.9%	1.1%	0.1%	21,353
$0.00	3.0%	3.7%	0.7%	220,627
Population: current law beneficiaries aged 60 and older Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 04/16/2012
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: Increase EEA and FRA versus Payable
Characteristic	Poverty Rate			# of Poor Change
Characteristic	Payable	Option	Diff	# of Poor Change
Total	2.3%	1.4%	-0.9%	-796,963
Sex
Female	3.0%	1.9%	-1.1%	-540,897
Male	1.4%	0.8%	-0.6%	-256,065
Race/Ethnicity
Hispanic	3.3%	1.9%	-1.3%	-266,825
White	1.5%	1.0%	-0.5%	-269,218
Black	4.4%	2.4%	-2.0%	-195,148
Other	2.1%	1.4%	-0.7%	-65,770
Immigration
Immigrant	3.0%	1.8%	-1.2%	-255,913
Native Born	2.1%	1.3%	-0.7%	-541,049
Age
60–69	2.8%	2.2%	-0.6%	-175,915
70–79	2.3%	1.3%	-1.0%	-368,011
80–89	1.9%	1.0%	-0.9%	-213,049
90+	1.4%	0.7%	-0.6%	-39,986
Marital Status
Never Married	6.1%	3.4%	-2.8%	-359,911
Married	0.8%	0.6%	-0.3%	-132,617
Divorced	3.3%	2.2%	-1.1%	-208,155
Widowed	2.2%	1.5%	-0.7%	-96,278
Education
Graduate	0.7%	0.4%	-0.3%	-34,592
Bachelor	0.7%	0.5%	-0.1%	-32,238
Associate	1.7%	0.8%	-0.8%	-178,917
High School	3.3%	2.0%	-1.2%	-383,174
Less than 12 Yrs	6.0%	4.1%	-1.9%	-168,039
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%	0.2%	0.2%	38,821
$0-$28,018	11.5%	7.0%	-4.5%	-835,784
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%	0.1%	0.1%	10,379
$0-$41,558	11.5%	7.1%	-4.4%	-807,342
Shared Earn. Quintile
$129,152+	0.0%	0.0%	0.0%	87
$89,585 - $129,152	0.0%	0.1%	0.1%	11,558
$63,685 - $89,585	0.0%	0.1%	0.1%	15,943
$39,226 - $63,685	0.2%	0.3%	0.1%	16,039
$0-$39,226	11.1%	6.6%	-4.5%	-840,591
Benefit Type
Retired Worker	2.1%	1.4%	-0.7%	-477,822
Spousal & Worker	0.5%	0.2%	-0.2%	-8,011
Spousal Only	4.0%	2.8%	-1.2%	-14,372
Survivor & Worker	0.8%	0.5%	-0.3%	-28,046
Survivor Only	6.6%	6.9%	0.4%	2,848
Retired Disabled	3.7%	2.0%	-1.7%	-148,104
Disabled Worker	4.9%	2.3%	-2.5%	-123,452
Claiming Age
62 or younger	3.5%	2.1%	-1.4%	-622,798
63–66	1.1%	0.7%	-0.3%	-145,733
67 or older	1.6%	1.1%	-0.5%	-28,431
Quarters of Coverage
201+	0.0%	0.0%	0.0%	5,523
161–200	0.1%	0.1%	0.0%	-3,826
81–160	2.0%	1.0%	-1.0%	-361,193
0–80	12.4%	8.4%	-3.9%	-437,466
Own AIME Quintile
$11,030+	0.0%	0.0%	0.0%	2,749
$7,326 - $11,030	0.0%	0.1%	0.1%	16,056
$5,076 - $7,326	0.0%	0.1%	0.1%	22,161
$2,910 - $5,076	0.6%	0.3%	-0.3%	-64,032
$0-$2,910	10.8%	6.6%	-4.2%	-773,897
Paying AIME Quintile
$12,519+	0.0%	0.0%	0.0%	2,749
$8,545 - $12,519	0.0%	0.1%	0.1%	13,355
$6,145 - $8,545	0.1%	0.2%	0.1%	19,306
$3,923 - $6,145	0.1%	0.2%	0.1%	16,670
$0-$3,923	11.3%	6.7%	-4.6%	-849,044
Hhld. Benefit Quintile
$4,389+	0.0%	0.0%	0.0%	0
$3,216 - $4,389	0.0%	0.0%	0.0%	4,498
$2,435 - $3,216	0.0%	0.1%	0.1%	27,493
$1,690 - $2,435	0.0%	0.2%	0.2%	40,263
$0-$1,690	11.6%	6.8%	-4.8%	-869,218
Adj. Gross Income
$181,671+	0.0%	0.0%	0.0%	4,498
$123,969 - $181,671	0.0%	0.0%	0.0%	831
$82,014 - $123,969	0.0%	0.0%	0.0%	0
$1 - $82,014	1.7%	1.1%	-0.6%	-92,014
$0.00	6.0%	3.7%	-2.3%	-710,278
Population: current law beneficiaries aged 60 and older Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 04/16/2012
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	$1,019	$2,069	$9,852
Sex
Female	$923	$1,874	$8,924
Male	$1,136	$2,305	$10,977
Race/Ethnicity
Hispanic	$882	$1,790	$8,523
White	$1,087	$2,206	$10,505
Black	$953	$1,934	$9,211
Other	$1,053	$2,137	$10,177
Immigration
Immigrant	$911	$1,849	$8,808
Native Born	$1,050	$2,131	$10,149
Age
60–69	$975	$1,979	$9,426
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	$938	$1,903	$9,063
Married	$993	$2,015	$9,596
Divorced	$1,068	$2,166	$10,317
Widowed	$1,122	$2,276	$10,839
Education
Graduate	$1,301	$2,640	$12,572
Bachelor	$1,232	$2,499	$11,904
Associate	$1,003	$2,034	$9,690
High School	$910	$1,847	$8,798
Less than 12 Yrs	$764	$1,550	$7,384
Indiv. Income Quintile
$141,869+	$1,437	$2,915	$13,884
$76,273 - $141,869	$1,240	$2,516	$11,981
$47,225 - $76,273	$1,092	$2,215	$10,551
$28,018 - $47,225	$945	$1,917	$9,129
$0-$28,018	$626	$1,269	$6,045
Hhld. Income Quintile
$234,849+	$1,360	$2,759	$13,140
$125,659 - $234,849	$1,207	$2,449	$11,662
$74,813 - $125,659	$1,082	$2,196	$10,460
$41,558 - $74,813	$951	$1,930	$9,192
$0-$41,558	$700	$1,420	$6,762
Shared Earn. Quintile
$129,152+	$1,534	$3,113	$14,825
$89,585 - $129,152	$1,267	$2,570	$12,240
$63,685 - $89,585	$1,036	$2,103	$10,015
$39,226 - $63,685	$843	$1,712	$8,152
$0-$39,226	$589	$1,196	$5,695
Benefit Type
Retired Worker	$1,038	$2,107	$10,034
Spousal & Worker	$656	$1,331	$6,339
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	$876	$1,777	$8,463
63–66	$1,154	$2,342	$11,153
67 or older	$1,404	$2,849	$13,567
Quarters of Coverage
201+	$1,411	$2,863	$13,635
161–200	$1,170	$2,373	$11,304
81–160	$855	$1,735	$8,261
0–80	$558	$1,133	$5,396
Own AIME Quintile
$11,030+	$1,588	$3,222	$15,343
$7,326 - $11,030	$1,248	$2,532	$12,061
$5,076 - $7,326	$978	$1,984	$9,447
$2,910 - $5,076	$762	$1,547	$7,368
$0-$2,910	$552	$1,120	$5,336
Paying AIME Quintile
$12,519+	$1,591	$3,229	$15,378
$8,545 - $12,519	$1,317	$2,672	$12,725
$6,145 - $8,545	$1,053	$2,136	$10,172
$3,923 - $6,145	$831	$1,686	$8,028
$0-$3,923	$563	$1,141	$5,436
Hhld. Benefit Quintile
$4,389+	$1,390	$2,820	$13,429
$3,216 - $4,389	$1,178	$2,390	$11,381
$2,435 - $3,216	$1,283	$2,604	$12,401
$1,690 - $2,435	$977	$1,983	$9,444
$0-$1,690	$610	$1,238	$5,896
Adj. Gross Income
$181,671+	$1,362	$2,763	$13,158
$123,969 - $181,671	$1,207	$2,449	$11,663
$82,014 - $123,969	$1,115	$2,262	$10,774
$1 - $82,014	$901	$1,828	$8,706
$0.00	$834	$1,693	$8,061
Population: current law beneficiaries aged 60 and older Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 04/16/2012
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	$783	$1,589	$7,567
Sex
Female	$709	$1,439	$6,854
Male	$872	$1,770	$8,430
Race/Ethnicity
Hispanic	$677	$1,374	$6,546
White	$835	$1,694	$8,068
Black	$732	$1,485	$7,074
Other	$809	$1,641	$7,816
Immigration
Immigrant	$700	$1,420	$6,764
Native Born	$807	$1,637	$7,794
Age
60–69	$749	$1,520	$7,239
70–79	$792	$1,607	$7,654
80–89	$793	$1,609	$7,664
90+	$827	$1,677	$7,988
Marital Status
Never Married	$720	$1,461	$6,960
Married	$763	$1,547	$7,370
Divorced	$820	$1,664	$7,924
Widowed	$861	$1,748	$8,325
Education
Graduate	$999	$2,027	$9,656
Bachelor	$946	$1,920	$9,142
Associate	$770	$1,562	$7,442
High School	$699	$1,419	$6,757
Less than 12 Yrs	$587	$1,191	$5,671
Indiv. Income Quintile
$141,869+	$1,103	$2,239	$10,663
$76,273 - $141,869	$952	$1,932	$9,202
$47,225 - $76,273	$838	$1,701	$8,103
$28,018 - $47,225	$725	$1,472	$7,011
$0-$28,018	$480	$975	$4,643
Hhld. Income Quintile
$234,849+	$1,044	$2,119	$10,091
$125,659 - $234,849	$927	$1,880	$8,956
$74,813 - $125,659	$831	$1,687	$8,033
$41,558 - $74,813	$730	$1,482	$7,059
$0-$41,558	$537	$1,090	$5,193
Shared Earn. Quintile
$129,152+	$1,178	$2,391	$11,386
$89,585 - $129,152	$973	$1,974	$9,400
$63,685 - $89,585	$796	$1,615	$7,691
$39,226 - $63,685	$648	$1,314	$6,260
$0-$39,226	$453	$918	$4,374
Benefit Type
Retired Worker	$797	$1,618	$7,706
Spousal & Worker	$504	$1,022	$4,868
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	$673	$1,365	$6,500
63–66	$886	$1,798	$8,565
67 or older	$1,078	$2,188	$10,420
Quarters of Coverage
201+	$1,084	$2,199	$10,472
161–200	$898	$1,823	$8,682
81–160	$657	$1,332	$6,345
0–80	$429	$870	$4,144
Own AIME Quintile
$11,030+	$1,219	$2,474	$11,784
$7,326 - $11,030	$958	$1,945	$9,263
$5,076 - $7,326	$751	$1,523	$7,255
$2,910 - $5,076	$586	$1,188	$5,659
$0-$2,910	$424	$860	$4,098
Paying AIME Quintile
$12,519+	$1,222	$2,480	$11,811
$8,545 - $12,519	$1,011	$2,052	$9,773
$6,145 - $8,545	$808	$1,640	$7,812
$3,923 - $6,145	$638	$1,294	$6,165
$0-$3,923	$432	$877	$4,175
Hhld. Benefit Quintile
$4,389+	$1,067	$2,165	$10,313
$3,216 - $4,389	$904	$1,835	$8,741
$2,435 - $3,216	$985	$2,000	$9,524
$1,690 - $2,435	$751	$1,523	$7,253
$0-$1,690	$469	$951	$4,528
Adj. Gross Income
$181,671+	$1,046	$2,122	$10,105
$123,969 - $181,671	$927	$1,881	$8,957
$82,014 - $123,969	$856	$1,737	$8,275
$1 - $82,014	$692	$1,404	$6,687
$0.00	$641	$1,300	$6,191
Population: current law beneficiaries aged 60 and older Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 04/16/2012
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.

Increase the EEA from 62 and the FRA from 67 at a rate of 1 month every 2 years starting in 2017 (EEA) and 2023 (FRA)

Projected effects on beneficiaries in 2070