Table VI.F7.-Selected Economic Variables, Calendar Years 2002-80
Low 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 97.87 $33,547.79 $4,213 $10,447 0.9531
2003 100.00 34,907.44 4,425 11,003 1.0000
2004 101.98 36,337.05 4,664 11,622 1.0617
2005 104.02 37,740.22 4,920 12,250 1.1255
2006 106.11 39,121.33 5,180 12,892 1.1914
2007 108.22 40,568.05 5,443 13,560 1.2604
2008 110.39 42,055.17 5,716 14,250 1.3333
2009 112.60 43,599.78 5,994 14,961 1.4105
2010 114.84 45,172.07 6,278 15,688 1.4922
2011 117.15 46,792.70 6,567 16,426 1.5786
2012 119.49 48,448.46 6,857 17,173 1.6700
2013 121.88 50,206.05 7,157 17,939 1.7667
2014 124.32 52,003.22 7,465 18,725 1.8690
2015 126.80 53,839.99 7,781 19,532 1.9772
2016 129.34 55,770.97 8,106 20,361 2.0917
2017 131.93 57,727.35 8,443 21,228 2.2128
2018 134.56 59,772.89 8,792 22,124 2.3409
2019 137.26 61,882.96 9,156 23,060 2.4764
2020 140.00 64,068.47 9,532 24,028 2.6198
2021 142.80 66,352.70 9,923 25,036 2.7715
2022 145.66 68,721.42 10,328 26,083 2.9320
2023 148.57 71,195.62 10,750 27,173 3.1017
2024 151.54 73,718.06 11,187 28,303 3.2813
2025 154.57 76,333.35 11,642 29,481 3.4713
2026 157.66 79,045.64 12,117 30,714 3.6722
2027 160.82 81,858.36 12,613 32,003 3.8849
2028 164.03 84,800.86 13,133 33,353 4.1098
2029 167.31 87,815.22 13,677 34,767 4.3477
2030 170.66 90,964.55 14,246 36,248 4.5995
2031 174.07 94,243.95 14,842 37,800 4.8658
2032 177.55 97,646.40 15,465 39,424 5.1475
2033 181.11 101,200.06 16,117 41,124 5.4455
2034 184.73 104,830.96 16,798 42,901 5.7608
2035 188.42 108,612.69 17,509 44,756 6.0943
2036 192.19 112,530.33 18,251 46,693 6.4472
2037 196.03 116,593.90 19,027 48,720 6.8205
2038 199.96 120,834.51 19,837 50,837 7.2154
2039 203.95 125,176.40 20,682 53,046 7.6331
2040 208.03 129,692.93 21,561 55,348 8.0750
2041 212.19 134,374.50 22,477 57,750 8.5426
2042 216.44 139,229.84 23,434 60,257 9.0372
2043 220.77 144,293.53 24,430 62,873 9.5604
2044 225.18 149,482.86 25,470 65,601 10.1139
2045 229.69 154,886.85 26,552 68,445 10.6995
2046 234.28 160,478.83 27,677 71,407 11.3190
2047 238.97 166,276.84 28,850 74,497 11.9743
2048 243.74 172,316.82 30,072 77,719 12.6676
2049 248.62 178,511.76 31,345 81,078 13.4011
2050 253.59 184,945.36 32,673 84,582 14.1769
2051 258.66 191,589.14 34,055 88,235 14.9978
2052 263.84 198,488.82 35,498 92,052 15.8661
2053 269.11 205,682.45 37,004 96,038 16.7847
2054 274.50 213,103.42 38,576 100,203 17.7565
2055 279.99 220,819.42 40,217 104,553 18.7846
2056 285.59 228,776.97 41,930 109,100 19.8722
2057 291.30 237,028.11 43,721 113,857 21.0227
2058 297.12 245,618.58 45,593 118,834 22.2399
2059 303.07 254,511.72 47,547 124,033 23.5276
2060 309.13 263,768.82 49,587 129,465 24.8898
2061 315.31 273,300.21 51,717 135,142 26.3308
2062 321.62 283,173.90 53,941 141,073 27.8553
2063 328.05 293,431.53 56,264 147,274 29.4681
2064 334.61 304,053.18 58,685 153,745 31.1742
2065 341.30 315,097.23 61,212 160,503 32.9791
2066 348.13 326,526.30 63,847 167,554 34.8886
2067 355.09 338,341.09 66,594 174,916 36.9086
2068 362.19 350,591.90 69,459 182,598 39.0455
2069 369.44 363,286.91 72,444 190,611 41.3061
2070 376.82 376,440.49 75,555 198,967 43.6977
2071 384.36 390,057.99 78,795 207,683 46.2277
2072 392.05 404,165.55 82,174 216,778 48.9042
2073 399.89 418,780.70 85,693 226,260 51.7356
2074 407.89 433,921.07 89,361 236,151 54.7310
2075 416.04 449,605.62 93,181 246,464 57.8998
2076 424.36 465,853.09 97,162 257,221 61.2521
2077 432.85 482,681.53 101,312 268,444 64.7985
2078 441.51 500,114.93 105,633 280,143 68.5502
2079 450.34 518,175.75 110,136 292,345 72.5191
2080 459.35 536,886.80 114,829 305,072 76.7178
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 include deemed wages based on military service through calendar year 2001 and 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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