Projected Profile of Taxpayers by Race & Ethnicity

Projected Distribution of Social Security Taxes Paid in 2024
POPULATION: Current-law payroll taxpayers aged 31 or older (characteristics)
Characteristic Annual Social Security taxes paid (2024 $) at the—
10th percentile Median 90th percentile
  All taxpayers
Total $1,144 $6,598 $18,858
Sex
Female $942 $5,533 $14,978
Male $1,389 $7,696 $20,795
Race and ethnicity
Hispanic or Latino, any race $959 $5,145 $13,490
White, non-Hispanic $1,273 $7,267 $19,643
Black or African American, non-Hispanic $904 $5,458 $15,446
All other races, non-Hispanic $1,172 $7,734 $20,795
Country of birth
United States $1,214 $6,847 $18,673
Other countries $944 $5,540 $19,552
Age
31–39 $1,132 $6,540 $17,859
40–49 $1,310 $7,099 $20,795
50–59 $1,688 $7,377 $20,616
60–69 $915 $5,015 $15,267
70 or older $85 $5,423 $14,709
Marital status
Married $1,172 $6,837 $19,717
Divorced $1,162 $6,623 $17,858
Widowed $761 $4,859 $13,807
Never married $1,129 $6,136 $17,732
Highest education level
Graduate $2,129 $11,728 $20,795
Bachelor $1,647 $9,689 $20,795
Associate $1,300 $6,293 $14,756
High school $897 $5,045 $12,090
Less than high school $612 $4,126 $10,617
Current-law household income quintile
Highest $3,564 $15,266 $20,795
Second highest $2,710 $9,853 $19,025
Middle $2,016 $7,550 $13,433
Second lowest $1,395 $6,014 $9,142
Lowest $240 $2,423 $5,109
Current-law payroll taxes quintile
Highest $13,987 $18,861 $20,795
Second highest $8,514 $10,176 $12,468
Middle $5,442 $6,598 $7,811
Second lowest $2,814 $3,872 $4,896
Lowest $85 $1,144 $2,304
  Hispanic or Latino, any race
Subtotal $959 $5,145 $13,490
Sex
Female $747 $4,229 $10,174
Male $1,180 $5,959 $15,917
Country of birth
United States $1,089 $5,609 $14,893
Other countries $843 $4,685 $12,109
Age
31–39 $1,005 $5,188 $12,914
40–49 $915 $5,475 $14,768
50–59 $1,189 $5,420 $13,367
60–69 $787 $3,777 $9,875
70 or older $85 $4,269 $12,217
Marital status
Married $917 $5,195 $13,843
Divorced $1,189 $5,489 $13,842
Widowed $797 $3,983 $9,430
Never married $942 $5,042 $12,565
Highest education level
Graduate $1,927 $8,804 $20,795
Bachelor $1,087 $7,352 $20,795
Associate $1,097 $6,187 $13,915
High school $944 $4,765 $11,225
Less than high school $735 $4,360 $10,862
Current-law household income quintile
Highest $2,482 $10,820 $20,795
Second highest $2,172 $7,711 $17,941
Middle $2,239 $6,775 $12,474
Second lowest $1,521 $5,651 $8,861
Lowest $216 $2,340 $4,994
Current-law payroll taxes quintile
Highest $13,923 $18,511 $20,795
Second highest $8,440 $9,775 $12,355
Middle $5,419 $6,532 $7,779
Second lowest $2,807 $3,883 $4,876
Lowest $94 $1,254 $2,311
  White, non-Hispanic
Subtotal $1,273 $7,267 $19,643
Sex
Female $1,001 $6,077 $15,446
Male $1,597 $8,527 $20,795
Country of birth
United States $1,301 $7,322 $19,489
Other countries $925 $6,225 $20,795
Age
31–39 $1,230 $7,344 $18,402
40–49 $1,489 $8,006 $20,795
50–59 $1,980 $8,250 $20,795
60–69 $1,000 $5,398 $16,156
70 or older $85 $5,779 $15,293
Marital status
Married $1,291 $7,446 $20,448
Divorced $1,263 $7,053 $18,535
Widowed $807 $5,306 $14,269
Never married $1,358 $7,258 $18,785
Highest education level
Graduate $2,075 $11,734 $20,795
Bachelor $1,708 $10,117 $20,795
Associate $1,376 $6,586 $15,108
High school $924 $5,339 $12,555
Less than high school $641 $4,113 $10,572
Current-law household income quintile
Highest $3,705 $15,324 $20,795
Second highest $2,954 $10,285 $18,932
Middle $1,963 $7,731 $13,514
Second lowest $1,274 $6,113 $9,212
Lowest $256 $2,420 $5,142
Current-law payroll taxes quintile
Highest $13,961 $18,593 $20,795
Second highest $8,537 $10,264 $12,481
Middle $5,465 $6,638 $7,821
Second lowest $2,830 $3,881 $4,902
Lowest $85 $1,119 $2,288
  Black or African American, non-Hispanic
Subtotal $904 $5,458 $15,446
Sex
Female $936 $5,035 $13,044
Male $870 $6,156 $17,667
Country of birth
United States $910 $5,427 $15,228
Other countries $874 $5,750 $16,499
Age
31–39 $997 $5,045 $14,600
40–49 $1,121 $5,973 $16,706
50–59 $1,291 $6,263 $16,539
60–69 $678 $4,404 $12,856
70 or older $85 $3,404 $10,265
Marital status
Married $1,047 $6,179 $17,249
Divorced $808 $5,591 $15,390
Widowed $193 $4,305 $11,251
Never married $919 $4,869 $13,814
Highest education level
Graduate $2,262 $11,695 $20,795
Bachelor $1,536 $8,783 $19,280
Associate $885 $5,524 $13,256
High school $758 $4,420 $10,750
Less than high school $317 $3,153 $8,349
Current-law household income quintile
Highest $3,517 $13,430 $20,795
Second highest $2,507 $9,243 $18,527
Middle $2,255 $7,670 $13,748
Second lowest $1,881 $6,195 $9,206
Lowest $215 $2,496 $5,158
Current-law payroll taxes quintile
Highest $13,814 $17,601 $20,795
Second highest $8,428 $10,043 $12,443
Middle $5,413 $6,524 $7,769
Second lowest $2,768 $3,798 $4,900
Lowest $85 $1,146 $2,326
  All other races, non-Hispanic
Subtotal $1,172 $7,734 $20,795
Sex
Female $957 $6,012 $20,795
Male $1,469 $9,224 $20,795
Country of birth
United States $1,094 $7,047 $20,795
Other countries $1,297 $8,175 $20,795
Age
31–39 $1,337 $8,010 $20,795
40–49 $1,319 $8,721 $20,795
50–59 $1,442 $8,107 $20,795
60–69 $856 $5,320 $18,747
70 or older $85 $5,371 $14,834
Marital status
Married $1,307 $7,883 $20,795
Divorced $923 $6,543 $19,548
Widowed $711 $5,019 $20,795
Never married $1,145 $8,110 $20,795
Highest education level
Graduate $2,425 $14,753 $20,795
Bachelor $1,710 $10,115 $20,795
Associate $991 $5,298 $14,590
High school $735 $4,757 $13,855
Less than high school $268 $3,282 $9,554
Current-law household income quintile
Highest $4,749 $20,044 $20,795
Second highest $2,960 $11,672 $20,795
Middle $1,705 $8,604 $14,061
Second lowest $1,490 $6,018 $9,407
Lowest $264 $2,474 $5,066
Current-law payroll taxes quintile
Highest $14,777 $20,795 $20,795
Second highest $8,613 $10,397 $12,532
Middle $5,409 $6,550 $7,849
Second lowest $2,838 $3,902 $4,959
Lowest $85 $1,114 $2,297
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: SB PopProfiles 03/06/2024.
NOTE: Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Projected Distribution of Social Security Taxes Paid in 2030
POPULATION: Current-law payroll taxpayers aged 31 or older (characteristics)
Characteristic Annual Social Security taxes paid (2024 $) at the—
10th percentile Median 90th percentile
  All taxpayers
Total $1,268 $7,192 $20,737
Sex
Female $1,079 $6,155 $16,717
Male $1,508 $8,329 $22,876
Race and ethnicity
Hispanic or Latino, any race $976 $5,634 $14,987
White, non-Hispanic $1,436 $8,073 $21,544
Black or African American, non-Hispanic $1,080 $5,957 $16,643
All other races, non-Hispanic $1,319 $8,362 $22,876
Country of birth
United States $1,386 $7,558 $20,593
Other countries $915 $5,938 $21,729
Age
31–39 $1,385 $7,258 $19,782
40–49 $1,447 $7,837 $22,876
50–59 $1,571 $7,756 $22,399
60–69 $1,192 $5,826 $17,568
70 or older $94 $6,080 $16,208
Marital status
Married $1,279 $7,453 $21,735
Divorced $1,377 $7,165 $19,455
Widowed $762 $5,508 $15,133
Never married $1,281 $6,912 $19,723
Highest education level
Graduate $2,465 $12,640 $22,876
Bachelor $1,818 $10,582 $22,876
Associate $1,376 $6,679 $15,824
High school $965 $5,515 $13,356
Less than high school $692 $4,580 $11,697
Current-law household income quintile
Highest $4,366 $16,855 $22,876
Second highest $3,031 $10,832 $20,799
Middle $2,159 $8,287 $14,594
Second lowest $1,531 $6,537 $9,873
Lowest $231 $2,671 $5,593
Current-law payroll taxes quintile
Highest $15,393 $20,737 $22,876
Second highest $9,334 $11,179 $13,764
Middle $5,982 $7,192 $8,575
Second lowest $3,146 $4,283 $5,395
Lowest $94 $1,268 $2,563
  Hispanic or Latino, any race
Subtotal $976 $5,634 $14,987
Sex
Female $857 $4,642 $11,361
Male $1,087 $6,439 $17,617
Country of birth
United States $1,239 $6,332 $16,292
Other countries $725 $4,909 $13,063
Age
31–39 $1,126 $6,041 $14,931
40–49 $988 $5,774 $16,604
50–59 $1,130 $5,920 $15,001
60–69 $700 $4,359 $11,158
70 or older $94 $4,076 $12,219
Marital status
Married $969 $5,591 $15,563
Divorced $1,038 $5,774 $15,123
Widowed $415 $3,388 $9,378
Never married $1,098 $5,875 $14,367
Highest education level
Graduate $1,624 $8,836 $22,876
Bachelor $1,148 $7,446 $22,876
Associate $1,101 $6,371 $14,961
High school $950 $5,311 $12,632
Less than high school $810 $4,779 $11,878
Current-law household income quintile
Highest $3,009 $12,153 $22,876
Second highest $2,317 $8,880 $19,826
Middle $1,964 $7,012 $13,384
Second lowest $1,516 $6,036 $9,436
Lowest $185 $2,594 $5,590
Current-law payroll taxes quintile
Highest $15,495 $20,297 $22,876
Second highest $9,256 $10,856 $13,536
Middle $5,964 $7,101 $8,518
Second lowest $3,134 $4,283 $5,380
Lowest $94 $1,332 $2,605
  White, non-Hispanic
Subtotal $1,436 $8,073 $21,544
Sex
Female $1,136 $6,791 $17,314
Male $1,757 $9,366 $22,876
Country of birth
United States $1,468 $8,169 $21,384
Other countries $1,105 $6,986 $22,876
Age
31–39 $1,487 $8,171 $20,519
40–49 $1,744 $8,985 $22,876
50–59 $1,979 $8,976 $22,876
60–69 $1,391 $6,434 $18,491
70 or older $94 $6,447 $16,608
Marital status
Married $1,443 $8,266 $22,183
Divorced $1,556 $7,777 $20,878
Widowed $1,039 $6,137 $16,305
Never married $1,436 $8,131 $21,192
Highest education level
Graduate $2,521 $12,812 $22,876
Bachelor $2,202 $11,068 $22,876
Associate $1,466 $7,010 $16,249
High school $1,002 $5,863 $13,776
Less than high school $596 $4,583 $12,254
Current-law household income quintile
Highest $4,700 $16,922 $22,876
Second highest $3,151 $11,202 $20,629
Middle $2,251 $8,755 $14,681
Second lowest $1,413 $6,676 $9,985
Lowest $231 $2,686 $5,621
Current-law payroll taxes quintile
Highest $15,358 $20,462 $22,876
Second highest $9,355 $11,296 $13,810
Middle $5,994 $7,251 $8,597
Second lowest $3,159 $4,283 $5,407
Lowest $94 $1,239 $2,541
  Black or African American, non-Hispanic
Subtotal $1,080 $5,957 $16,643
Sex
Female $1,166 $5,400 $14,524
Male $990 $6,707 $19,105
Country of birth
United States $1,147 $5,921 $16,452
Other countries $743 $6,112 $17,863
Age
31–39 $1,202 $5,564 $16,393
40–49 $1,400 $6,570 $18,217
50–59 $1,040 $6,500 $18,050
60–69 $945 $4,925 $13,885
70 or older $94 $5,014 $14,603
Marital status
Married $1,288 $6,492 $19,128
Divorced $977 $6,155 $16,343
Widowed $365 $4,898 $13,617
Never married $1,127 $5,458 $15,294
Highest education level
Graduate $2,757 $12,256 $22,876
Bachelor $1,474 $9,573 $21,022
Associate $1,475 $5,720 $13,880
High school $874 $4,861 $11,693
Less than high school $396 $3,536 $8,952
Current-law household income quintile
Highest $3,674 $14,571 $22,876
Second highest $3,027 $10,604 $20,748
Middle $2,335 $7,917 $14,643
Second lowest $2,167 $6,691 $9,805
Lowest $278 $2,765 $5,491
Current-law payroll taxes quintile
Highest $15,158 $19,617 $22,876
Second highest $9,309 $10,987 $13,746
Middle $5,959 $7,181 $8,553
Second lowest $3,137 $4,236 $5,379
Lowest $94 $1,356 $2,582
  All other races, non-Hispanic
Subtotal $1,319 $8,362 $22,876
Sex
Female $1,156 $7,077 $22,876
Male $1,461 $9,824 $22,876
Country of birth
United States $1,319 $8,133 $22,876
Other countries $1,325 $8,611 $22,876
Age
31–39 $1,581 $9,388 $22,876
40–49 $1,265 $9,511 $22,876
50–59 $1,609 $8,638 $22,876
60–69 $919 $6,494 $22,876
70 or older $94 $6,439 $14,400
Marital status
Married $1,233 $8,589 $22,876
Divorced $1,312 $7,177 $22,876
Widowed $832 $6,098 $20,317
Never married $1,574 $9,006 $22,876
Highest education level
Graduate $2,905 $15,514 $22,876
Bachelor $1,242 $10,305 $22,876
Associate $1,005 $5,774 $16,327
High school $913 $5,327 $16,679
Less than high school $687 $3,148 $9,560
Current-law household income quintile
Highest $5,293 $22,831 $22,876
Second highest $3,409 $13,171 $22,876
Middle $1,621 $8,738 $15,414
Second lowest $1,608 $6,326 $10,079
Lowest $218 $2,553 $5,639
Current-law payroll taxes quintile
Highest $16,153 $22,876 $22,876
Second highest $9,323 $11,055 $13,733
Middle $5,975 $7,082 $8,519
Second lowest $3,128 $4,351 $5,345
Lowest $94 $1,233 $2,549
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: SB PopProfiles 03/06/2024.
NOTE: Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Projected Distribution of Social Security Taxes Paid in 2050
POPULATION: Current-law payroll taxpayers aged 31 or older (characteristics)
Characteristic Annual Social Security taxes paid (2024 $) at the—
10th percentile Median 90th percentile
  All taxpayers
Total $1,600 $9,179 $26,697
Sex
Female $1,420 $8,001 $21,976
Male $1,846 $10,404 $29,336
Race and ethnicity
Hispanic or Latino, any race $1,314 $7,423 $19,782
White, non-Hispanic $1,795 $10,141 $27,666
Black or African American, non-Hispanic $1,270 $7,695 $21,637
All other races, non-Hispanic $1,999 $12,095 $29,336
Country of birth
United States $1,717 $9,469 $26,344
Other countries $1,261 $8,063 $28,359
Age
31–39 $1,915 $9,356 $25,613
40–49 $1,834 $9,893 $29,336
50–59 $1,996 $9,728 $28,749
60–69 $1,289 $7,282 $23,723
70 or older $119 $8,103 $20,301
Marital status
Married $1,622 $9,403 $27,506
Divorced $1,631 $9,311 $25,620
Widowed $654 $6,853 $20,301
Never married $1,663 $8,904 $26,585
Highest education level
Graduate $3,083 $15,346 $29,336
Bachelor $2,369 $12,997 $29,336
Associate $1,588 $8,446 $20,061
High school $1,196 $6,897 $17,423
Less than high school $872 $5,779 $15,575
Current-law household income quintile
Highest $5,859 $22,627 $29,336
Second highest $4,107 $14,222 $26,052
Middle $2,820 $10,606 $17,912
Second lowest $2,054 $8,187 $12,008
Lowest $215 $3,180 $6,743
Current-law payroll taxes quintile
Highest $19,879 $26,697 $29,336
Second highest $11,889 $14,302 $17,718
Middle $7,608 $9,179 $10,897
Second lowest $3,948 $5,386 $6,848
Lowest $119 $1,600 $3,193
  Hispanic or Latino, any race
Subtotal $1,314 $7,423 $19,782
Sex
Female $1,127 $6,186 $15,458
Male $1,567 $8,572 $23,393
Country of birth
United States $1,568 $8,109 $20,572
Other countries $952 $6,298 $17,774
Age
31–39 $1,657 $8,090 $19,632
40–49 $1,491 $7,981 $21,870
50–59 $1,635 $7,551 $19,867
60–69 $677 $5,543 $14,970
70 or older $119 $6,021 $17,442
Marital status
Married $1,263 $7,327 $19,983
Divorced $1,447 $7,956 $20,920
Widowed $646 $5,028 $14,787
Never married $1,456 $7,563 $19,522
Highest education level
Graduate $2,218 $11,141 $29,336
Bachelor $1,737 $9,921 $29,336
Associate $1,399 $8,333 $19,080
High school $1,302 $6,813 $16,483
Less than high school $1,011 $6,127 $15,680
Current-law household income quintile
Highest $4,007 $17,596 $29,336
Second highest $3,386 $11,782 $24,579
Middle $2,529 $9,340 $16,423
Second lowest $2,177 $7,981 $11,730
Lowest $223 $3,093 $6,732
Current-law payroll taxes quintile
Highest $19,732 $25,903 $29,336
Second highest $11,720 $13,737 $17,284
Middle $7,630 $9,131 $10,857
Second lowest $3,936 $5,381 $6,846
Lowest $119 $1,737 $3,223
  White, non-Hispanic
Subtotal $1,795 $10,141 $27,666
Sex
Female $1,488 $8,790 $22,636
Male $2,090 $11,588 $29,336
Country of birth
United States $1,856 $10,268 $27,643
Other countries $1,229 $8,700 $28,292
Age
31–39 $1,999 $10,304 $26,516
40–49 $2,020 $11,206 $29,336
50–59 $2,521 $11,008 $29,336
60–69 $1,587 $8,111 $24,668
70 or older $119 $8,618 $20,535
Marital status
Married $1,861 $10,261 $28,334
Divorced $1,777 $10,085 $26,171
Widowed $678 $7,511 $20,860
Never married $1,825 $10,262 $28,182
Highest education level
Graduate $3,263 $15,805 $29,336
Bachelor $2,494 $13,378 $29,336
Associate $1,710 $8,826 $20,302
High school $1,214 $7,265 $17,555
Less than high school $645 $5,535 $15,946
Current-law household income quintile
Highest $6,167 $22,267 $29,336
Second highest $4,419 $14,714 $25,707
Middle $2,889 $10,942 $18,062
Second lowest $1,888 $8,089 $12,121
Lowest $189 $3,139 $6,750
Current-law payroll taxes quintile
Highest $19,815 $26,446 $29,336
Second highest $11,949 $14,468 $17,775
Middle $7,592 $9,212 $10,906
Second lowest $3,953 $5,387 $6,848
Lowest $119 $1,535 $3,166
  Black or African American, non-Hispanic
Subtotal $1,270 $7,695 $21,637
Sex
Female $1,514 $7,241 $18,853
Male $1,022 $8,126 $24,896
Country of birth
United States $1,315 $7,704 $21,292
Other countries $992 $7,627 $23,887
Age
31–39 $1,698 $7,564 $19,917
40–49 $1,463 $8,492 $24,378
50–59 $1,384 $8,144 $23,622
60–69 $752 $6,084 $18,604
70 or older $119 $7,204 $16,551
Marital status
Married $1,296 $8,354 $24,101
Divorced $1,257 $7,678 $21,448
Widowed $119 $5,901 $17,633
Never married $1,342 $7,402 $20,474
Highest education level
Graduate $2,850 $14,268 $29,336
Bachelor $2,471 $11,274 $26,380
Associate $1,323 $7,265 $17,849
High school $993 $5,935 $15,774
Less than high school $576 $4,741 $12,664
Current-law household income quintile
Highest $5,300 $20,250 $29,336
Second highest $3,577 $14,262 $26,543
Middle $3,170 $11,363 $18,323
Second lowest $2,769 $8,435 $12,106
Lowest $271 $3,331 $6,678
Current-law payroll taxes quintile
Highest $19,687 $25,070 $29,336
Second highest $11,860 $14,224 $17,783
Middle $7,613 $9,102 $10,922
Second lowest $3,963 $5,381 $6,844
Lowest $119 $1,599 $3,232
  All other races, non-Hispanic
Subtotal $1,999 $12,095 $29,336
Sex
Female $1,768 $10,192 $29,336
Male $2,271 $15,176 $29,336
Country of birth
United States $1,984 $12,019 $29,336
Other countries $2,002 $12,145 $29,336
Age
31–39 $2,588 $12,909 $29,336
40–49 $2,511 $14,653 $29,336
50–59 $2,259 $11,761 $29,336
60–69 $1,290 $9,093 $29,336
70 or older $143 $10,748 $23,989
Marital status
Married $1,828 $12,308 $29,336
Divorced $1,534 $10,274 $29,336
Widowed $1,267 $8,071 $22,611
Never married $2,341 $12,568 $29,336
Highest education level
Graduate $3,435 $18,959 $29,336
Bachelor $2,373 $15,828 $29,336
Associate $1,643 $7,789 $22,934
High school $1,049 $7,150 $26,517
Less than high school $769 $4,574 $20,904
Current-law household income quintile
Highest $7,625 $29,277 $29,336
Second highest $4,702 $19,376 $28,763
Middle $2,831 $12,145 $18,971
Second lowest $2,317 $8,637 $12,095
Lowest $296 $3,301 $6,876
Current-law payroll taxes quintile
Highest $20,676 $29,336 $29,336
Second highest $12,019 $14,675 $17,886
Middle $7,625 $9,291 $10,966
Second lowest $3,932 $5,406 $6,862
Lowest $119 $1,503 $3,179
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: SB PopProfiles 03/06/2024.
NOTE: Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Projected Distribution of Social Security Taxes Paid in 2070
POPULATION: Current-law payroll taxpayers aged 31 or older (characteristics)
Characteristic Annual Social Security taxes paid (2024 $) at the—
10th percentile Median 90th percentile
  All taxpayers
Total $1,918 $11,527 $33,826
Sex
Female $1,733 $10,154 $28,060
Male $2,183 $13,017 $36,649
Race and ethnicity
Hispanic or Latino, any race $1,596 $9,512 $25,511
White, non-Hispanic $2,147 $12,872 $34,526
Black or African American, non-Hispanic $1,590 $9,702 $27,144
All other races, non-Hispanic $2,660 $16,248 $36,649
Country of birth
United States $2,046 $11,857 $32,928
Other countries $1,605 $10,424 $36,649
Age
31–39 $2,251 $11,674 $32,105
40–49 $2,293 $12,420 $36,649
50–59 $2,398 $12,229 $36,649
60–69 $1,680 $9,250 $30,040
70 or older $149 $10,894 $26,182
Marital status
Married $1,957 $11,822 $34,737
Divorced $2,066 $11,617 $32,815
Widowed $645 $8,927 $24,962
Never married $1,907 $11,226 $33,861
Highest education level
Graduate $3,560 $18,760 $36,649
Bachelor $2,871 $16,889 $36,649
Associate $1,851 $10,630 $25,770
High school $1,497 $8,744 $21,773
Less than high school $1,075 $7,280 $19,246
Current-law household income quintile
Highest $7,568 $28,899 $36,649
Second highest $5,249 $18,099 $32,948
Middle $3,812 $13,312 $22,325
Second lowest $2,490 $10,088 $15,001
Lowest $232 $3,923 $8,421
Current-law payroll taxes quintile
Highest $25,122 $33,819 $36,649
Second highest $14,944 $18,065 $22,344
Middle $9,578 $11,527 $13,684
Second lowest $4,944 $6,769 $8,638
Lowest $149 $1,918 $3,999
  Hispanic or Latino, any race
Subtotal $1,596 $9,512 $25,511
Sex
Female $1,305 $8,043 $20,917
Male $1,980 $10,721 $29,806
Country of birth
United States $1,820 $10,177 $26,458
Other countries $1,216 $7,900 $22,417
Age
31–39 $1,917 $10,219 $25,332
40–49 $1,881 $10,083 $29,422
50–59 $1,912 $9,816 $26,008
60–69 $1,043 $6,954 $19,710
70 or older $149 $7,110 $21,248
Marital status
Married $1,534 $9,505 $26,143
Divorced $1,809 $10,055 $25,668
Widowed $149 $5,831 $18,017
Never married $1,680 $9,547 $24,613
Highest education level
Graduate $2,298 $13,564 $36,649
Bachelor $2,430 $13,778 $36,649
Associate $1,723 $10,420 $24,275
High school $1,611 $8,519 $20,339
Less than high school $1,220 $7,645 $19,477
Current-law household income quintile
Highest $5,174 $22,309 $36,649
Second highest $4,253 $15,054 $31,284
Middle $3,314 $11,855 $20,682
Second lowest $2,607 $9,932 $14,568
Lowest $232 $3,902 $8,342
Current-law payroll taxes quintile
Highest $25,025 $33,388 $36,649
Second highest $14,816 $17,642 $22,049
Middle $9,607 $11,455 $13,638
Second lowest $4,914 $6,737 $8,597
Lowest $149 $2,049 $4,040
  White, non-Hispanic
Subtotal $2,147 $12,872 $34,526
Sex
Female $1,954 $11,414 $28,627
Male $2,332 $14,388 $36,649
Country of birth
United States $2,207 $13,059 $34,273
Other countries $1,645 $10,804 $36,649
Age
31–39 $2,472 $13,123 $33,220
40–49 $2,552 $14,480 $36,649
50–59 $3,009 $14,021 $36,649
60–69 $1,907 $10,103 $30,847
70 or older $149 $11,320 $26,323
Marital status
Married $2,227 $13,121 $35,540
Divorced $2,352 $12,712 $34,526
Widowed $1,042 $10,245 $26,534
Never married $1,872 $12,727 $32,931
Highest education level
Graduate $3,812 $19,331 $36,649
Bachelor $3,120 $17,023 $36,649
Associate $1,894 $11,109 $25,955
High school $1,466 $9,176 $21,937
Less than high school $927 $6,703 $18,542
Current-law household income quintile
Highest $8,360 $28,165 $36,649
Second highest $5,490 $18,376 $32,289
Middle $3,984 $13,952 $22,667
Second lowest $2,263 $10,054 $15,169
Lowest $216 $3,820 $8,409
Current-law payroll taxes quintile
Highest $24,927 $32,994 $36,649
Second highest $15,017 $18,196 $22,417
Middle $9,585 $11,649 $13,703
Second lowest $4,964 $6,808 $8,666
Lowest $149 $1,809 $3,964
  Black or African American, non-Hispanic
Subtotal $1,590 $9,702 $27,144
Sex
Female $1,898 $9,242 $23,574
Male $1,187 $10,381 $31,129
Country of birth
United States $1,546 $9,617 $26,785
Other countries $1,835 $10,259 $29,357
Age
31–39 $1,903 $9,361 $26,424
40–49 $1,643 $10,115 $28,989
50–59 $1,805 $10,334 $28,970
60–69 $1,664 $8,331 $25,649
70 or older $149 $10,406 $23,454
Marital status
Married $1,888 $10,657 $30,869
Divorced $1,822 $10,429 $27,319
Widowed $149 $8,427 $20,612
Never married $1,473 $9,116 $25,545
Highest education level
Graduate $2,534 $17,204 $36,649
Bachelor $2,546 $15,228 $34,567
Associate $1,883 $9,832 $22,775
High school $1,187 $7,681 $19,712
Less than high school $629 $5,954 $15,155
Current-law household income quintile
Highest $6,070 $25,332 $36,649
Second highest $5,833 $18,460 $32,797
Middle $4,392 $14,361 $22,965
Second lowest $3,021 $10,417 $15,125
Lowest $318 $4,201 $8,509
Current-law payroll taxes quintile
Highest $24,799 $31,323 $36,649
Second highest $14,898 $17,962 $22,401
Middle $9,526 $11,372 $13,658
Second lowest $4,953 $6,686 $8,586
Lowest $149 $1,898 $4,012
  All other races, non-Hispanic
Subtotal $2,660 $16,248 $36,649
Sex
Female $2,150 $13,086 $36,649
Male $3,231 $20,243 $36,649
Country of birth
United States $2,820 $15,783 $36,649
Other countries $2,596 $16,580 $36,649
Age
31–39 $2,694 $16,539 $36,649
40–49 $3,163 $18,771 $36,649
50–59 $2,860 $17,501 $36,649
60–69 $2,347 $13,830 $36,649
70 or older $1,035 $14,338 $30,293
Marital status
Married $2,537 $15,709 $36,649
Divorced $1,764 $14,612 $36,649
Widowed $2,595 $10,492 $30,012
Never married $3,117 $17,712 $36,649
Highest education level
Graduate $4,687 $24,366 $36,649
Bachelor $3,163 $20,134 $36,649
Associate $1,975 $9,594 $29,960
High school $1,772 $10,488 $35,357
Less than high school $493 $5,075 $22,220
Current-law household income quintile
Highest $10,638 $36,649 $36,649
Second highest $6,760 $24,066 $36,589
Middle $4,008 $15,488 $23,719
Second lowest $2,702 $10,601 $15,292
Lowest $184 $3,904 $8,638
Current-law payroll taxes quintile
Highest $26,467 $36,649 $36,649
Second highest $15,052 $18,520 $22,477
Middle $9,526 $11,496 $13,764
Second lowest $4,910 $6,858 $8,683
Lowest $149 $2,079 $3,965
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: SB PopProfiles 03/06/2024.
NOTE: Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Projected Covered Earnings Distribution (Not Capped) in 2024
POPULATION: Current-law payroll taxpayers aged 31 or older (characteristics)
Characteristic Individual covered earnings (2024 $) at the—
10th percentile Median 90th percentile
  All taxpayers
Total $9,225 $53,210 $152,084
Sex
Female $7,595 $44,623 $120,788
Male $11,198 $62,066 $171,889
Race and ethnicity
Hispanic or Latino, any race $7,732 $41,496 $108,793
White, non-Hispanic $10,266 $58,601 $158,415
Black or African American, non-Hispanic $7,293 $44,017 $124,565
All other races, non-Hispanic $9,450 $62,374 $211,157
Country of birth
United States $9,790 $55,218 $150,593
Other countries $7,610 $44,675 $157,680
Age
31–39 $9,131 $52,739 $144,027
40–49 $10,568 $57,248 $170,237
50–59 $13,610 $59,495 $166,260
60–69 $7,377 $40,445 $123,117
70 or older $686 $43,731 $118,621
Marital status
Married $9,455 $55,140 $159,007
Divorced $9,374 $53,411 $144,019
Widowed $6,135 $39,186 $111,345
Never married $9,102 $49,486 $143,003
Highest education level
Graduate $17,169 $94,579 $251,805
Bachelor $13,285 $78,134 $197,690
Associate $10,482 $50,753 $119,003
High school $7,235 $40,684 $97,499
Less than high school $4,936 $33,273 $85,620
Current-law household income quintile
Highest $28,742 $123,114 $305,257
Second highest $21,858 $79,458 $153,431
Middle $16,255 $60,884 $108,328
Second lowest $11,249 $48,502 $73,723
Lowest $1,937 $19,538 $41,204
Current-law payroll taxes quintile
Highest $112,796 $152,101 $305,257
Second highest $68,665 $82,065 $100,545
Middle $43,883 $53,210 $62,990
Second lowest $22,693 $31,224 $39,487
Lowest $686 $9,227 $18,577
  Hispanic or Latino, any race
Subtotal $7,732 $41,496 $108,793
Sex
Female $6,027 $34,106 $82,049
Male $9,513 $48,055 $128,364
Country of birth
United States $8,786 $45,234 $120,104
Other countries $6,795 $37,781 $97,652
Age
31–39 $8,108 $41,837 $104,146
40–49 $7,379 $44,155 $119,097
50–59 $9,591 $43,710 $107,797
60–69 $6,344 $30,462 $79,634
70 or older $686 $34,424 $98,527
Marital status
Married $7,397 $41,895 $111,639
Divorced $9,585 $44,270 $111,631
Widowed $6,429 $32,123 $76,046
Never married $7,597 $40,664 $101,330
Highest education level
Graduate $15,542 $70,999 $203,092
Bachelor $8,762 $59,294 $188,226
Associate $8,848 $49,895 $112,221
High school $7,610 $38,427 $90,526
Less than high school $5,929 $35,163 $87,593
Current-law household income quintile
Highest $20,013 $87,255 $265,751
Second highest $17,512 $62,185 $144,689
Middle $18,058 $54,636 $100,596
Second lowest $12,264 $45,570 $71,462
Lowest $1,745 $18,875 $40,278
Current-law payroll taxes quintile
Highest $112,284 $149,282 $292,827
Second highest $68,064 $78,831 $99,641
Middle $43,699 $52,681 $62,737
Second lowest $22,637 $31,315 $39,326
Lowest $761 $10,113 $18,635
  White, non-Hispanic
Subtotal $10,266 $58,601 $158,415
Sex
Female $8,069 $49,007 $124,562
Male $12,879 $68,764 $179,325
Country of birth
United States $10,494 $59,046 $157,167
Other countries $7,459 $50,202 $172,699
Age
31–39 $9,918 $59,225 $148,403
40–49 $12,006 $64,561 $181,232
50–59 $15,965 $66,534 $175,039
60–69 $8,065 $43,532 $130,292
70 or older $686 $46,606 $123,334
Marital status
Married $10,407 $60,047 $164,900
Divorced $10,184 $56,880 $149,474
Widowed $6,510 $42,793 $115,071
Never married $10,950 $58,530 $151,493
Highest education level
Graduate $16,733 $94,626 $243,560
Bachelor $13,777 $81,592 $201,502
Associate $11,093 $53,114 $121,840
High school $7,455 $43,060 $101,252
Less than high school $5,166 $33,168 $85,257
Current-law household income quintile
Highest $29,883 $123,582 $305,257
Second highest $23,824 $82,946 $152,680
Middle $15,833 $62,343 $108,984
Second lowest $10,271 $49,295 $74,293
Lowest $2,062 $19,517 $41,466
Current-law payroll taxes quintile
Highest $112,588 $149,943 $304,148
Second highest $68,851 $82,775 $100,657
Middle $44,069 $53,535 $63,072
Second lowest $22,820 $31,302 $39,534
Lowest $686 $9,022 $18,454
  Black or African American, non-Hispanic
Subtotal $7,293 $44,017 $124,565
Sex
Female $7,552 $40,605 $105,191
Male $7,018 $49,645 $142,478
Country of birth
United States $7,335 $43,770 $122,808
Other countries $7,046 $46,372 $133,057
Age
31–39 $8,040 $40,689 $117,745
40–49 $9,041 $48,169 $134,727
50–59 $10,412 $50,511 $133,378
60–69 $5,467 $35,517 $103,681
70 or older $686 $27,454 $82,784
Marital status
Married $8,442 $49,827 $139,104
Divorced $6,514 $45,091 $124,116
Widowed $1,556 $34,714 $90,735
Never married $7,410 $39,270 $111,401
Highest education level
Graduate $18,246 $94,311 $228,672
Bachelor $12,384 $70,829 $155,480
Associate $7,140 $44,548 $106,900
High school $6,109 $35,646 $86,692
Less than high school $2,553 $25,425 $67,330
Current-law household income quintile
Highest $28,366 $108,308 $250,808
Second highest $20,214 $74,538 $149,409
Middle $18,185 $61,855 $110,867
Second lowest $15,167 $49,961 $74,242
Lowest $1,733 $20,133 $41,600
Current-law payroll taxes quintile
Highest $111,401 $141,941 $248,023
Second highest $67,971 $80,994 $100,346
Middle $43,649 $52,612 $62,654
Second lowest $22,321 $30,631 $39,515
Lowest $686 $9,242 $18,757
  All other races, non-Hispanic
Subtotal $9,450 $62,374 $211,157
Sex
Female $7,715 $48,483 $192,542
Male $11,850 $74,389 $227,497
Country of birth
United States $8,826 $56,831 $191,527
Other countries $10,456 $65,925 $223,967
Age
31–39 $10,779 $64,596 $227,098
40–49 $10,635 $70,328 $232,936
50–59 $11,630 $65,380 $218,023
60–69 $6,899 $42,906 $151,189
70 or older $686 $43,311 $119,625
Marital status
Married $10,537 $63,569 $218,650
Divorced $7,443 $52,763 $157,641
Widowed $5,736 $40,476 $191,838
Never married $9,237 $65,405 $209,112
Highest education level
Graduate $19,553 $118,975 $339,947
Bachelor $13,792 $81,574 $213,727
Associate $7,991 $42,724 $117,659
High school $5,927 $38,362 $111,734
Less than high school $2,164 $26,469 $77,046
Current-law household income quintile
Highest $38,295 $161,643 $369,947
Second highest $23,868 $94,132 $171,357
Middle $13,749 $69,385 $113,395
Second lowest $12,018 $48,535 $75,860
Lowest $2,133 $19,953 $40,854
Current-law payroll taxes quintile
Highest $119,172 $174,834 $367,668
Second highest $69,457 $83,849 $101,062
Middle $43,624 $52,825 $63,297
Second lowest $22,889 $31,466 $39,992
Lowest $686 $8,987 $18,526
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: SB PopProfiles 03/06/2024.
NOTE: Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Projected Covered Earnings Distribution (Not Capped) in 2030
POPULATION: Current-law payroll taxpayers aged 31 or older (characteristics)
Characteristic Individual covered earnings (2024 $) at the—
10th percentile Median 90th percentile
  All taxpayers
Total $10,230 $57,998 $167,235
Sex
Female $8,698 $49,636 $134,812
Male $12,164 $67,169 $189,085
Race and ethnicity
Hispanic or Latino, any race $7,870 $45,437 $120,861
White, non-Hispanic $11,579 $65,107 $173,742
Black or African American, non-Hispanic $8,709 $48,038 $134,218
All other races, non-Hispanic $10,637 $67,432 $241,087
Country of birth
United States $11,176 $60,949 $166,074
Other countries $7,383 $47,885 $175,231
Age
31–39 $11,167 $58,530 $159,535
40–49 $11,667 $63,204 $196,003
50–59 $12,666 $62,550 $180,640
60–69 $9,617 $46,984 $141,674
70 or older $756 $49,034 $130,710
Marital status
Married $10,313 $60,106 $175,283
Divorced $11,101 $57,786 $156,895
Widowed $6,144 $44,423 $122,040
Never married $10,330 $55,741 $159,055
Highest education level
Graduate $19,876 $101,938 $272,025
Bachelor $14,663 $85,336 $213,153
Associate $11,093 $53,865 $127,610
High school $7,781 $44,475 $107,714
Less than high school $5,578 $36,939 $94,330
Current-law household income quintile
Highest $35,208 $135,925 $343,253
Second highest $24,446 $87,355 $167,737
Middle $17,408 $66,830 $117,697
Second lowest $12,350 $52,718 $79,619
Lowest $1,866 $21,537 $45,105
Current-law payroll taxes quintile
Highest $124,134 $167,235 $343,253
Second highest $75,274 $90,157 $110,997
Middle $48,244 $58,001 $69,157
Second lowest $25,372 $34,537 $43,509
Lowest $756 $10,229 $20,673
  Hispanic or Latino, any race
Subtotal $7,870 $45,437 $120,861
Sex
Female $6,915 $37,432 $91,625
Male $8,767 $51,929 $142,071
Country of birth
United States $9,996 $51,062 $131,386
Other countries $5,844 $39,585 $105,349
Age
31–39 $9,084 $48,715 $120,415
40–49 $7,970 $46,563 $133,900
50–59 $9,111 $47,742 $120,973
60–69 $5,646 $35,152 $89,986
70 or older $756 $32,869 $98,538
Marital status
Married $7,812 $45,087 $125,508
Divorced $8,369 $46,567 $121,961
Widowed $3,351 $27,319 $75,630
Never married $8,856 $47,379 $115,859
Highest education level
Graduate $13,097 $71,255 $209,826
Bachelor $9,256 $60,048 $196,699
Associate $8,878 $51,380 $120,651
High school $7,664 $42,831 $101,873
Less than high school $6,529 $38,542 $95,791
Current-law household income quintile
Highest $24,263 $98,005 $284,577
Second highest $18,683 $71,612 $159,889
Middle $15,839 $56,550 $107,938
Second lowest $12,228 $48,680 $76,099
Lowest $1,488 $20,922 $45,077
Current-law payroll taxes quintile
Highest $124,960 $163,683 $297,759
Second highest $74,643 $87,551 $109,164
Middle $48,097 $57,263 $68,691
Second lowest $25,277 $34,537 $43,390
Lowest $756 $10,739 $21,010
  White, non-Hispanic
Subtotal $11,579 $65,107 $173,742
Sex
Female $9,164 $54,768 $139,626
Male $14,173 $75,531 $196,404
Country of birth
United States $11,842 $65,880 $172,453
Other countries $8,913 $56,335 $193,651
Age
31–39 $11,995 $65,897 $165,474
40–49 $14,064 $72,461 $205,821
50–59 $15,960 $72,387 $189,307
60–69 $11,219 $51,888 $149,117
70 or older $756 $51,995 $133,936
Marital status
Married $11,637 $66,660 $178,897
Divorced $12,548 $62,721 $168,369
Widowed $8,381 $49,490 $131,495
Never married $11,579 $65,575 $170,900
Highest education level
Graduate $20,332 $103,319 $261,591
Bachelor $17,760 $89,254 $216,548
Associate $11,824 $56,533 $131,037
High school $8,079 $47,286 $111,098
Less than high school $4,810 $36,958 $98,824
Current-law household income quintile
Highest $37,902 $136,470 $339,282
Second highest $25,415 $90,338 $166,362
Middle $18,150 $70,607 $118,394
Second lowest $11,393 $53,840 $80,526
Lowest $1,867 $21,665 $45,330
Current-law payroll taxes quintile
Highest $123,851 $165,017 $339,282
Second highest $75,443 $91,094 $111,372
Middle $48,337 $58,472 $69,330
Second lowest $25,477 $34,541 $43,607
Lowest $756 $9,991 $20,489
  Black or African American, non-Hispanic
Subtotal $8,709 $48,038 $134,218
Sex
Female $9,403 $43,545 $117,132
Male $7,986 $54,085 $154,070
Country of birth
United States $9,250 $47,749 $132,681
Other countries $5,988 $49,287 $144,053
Age
31–39 $9,697 $44,873 $132,198
40–49 $11,289 $52,987 $146,910
50–59 $8,388 $52,422 $145,563
60–69 $7,620 $39,722 $111,977
70 or older $756 $40,435 $117,770
Marital status
Married $10,388 $52,354 $154,261
Divorced $7,879 $49,637 $131,800
Widowed $2,946 $39,501 $109,813
Never married $9,087 $44,015 $123,338
Highest education level
Graduate $22,237 $98,839 $251,356
Bachelor $11,886 $77,204 $169,536
Associate $11,896 $46,128 $111,937
High school $7,052 $39,202 $94,295
Less than high school $3,192 $28,514 $72,194
Current-law household income quintile
Highest $29,626 $117,505 $281,235
Second highest $24,415 $85,518 $167,320
Middle $18,827 $63,850 $118,086
Second lowest $17,475 $53,957 $79,069
Lowest $2,241 $22,297 $44,281
Current-law payroll taxes quintile
Highest $122,243 $158,202 $272,863
Second highest $75,070 $88,604 $110,854
Middle $48,056 $57,912 $68,978
Second lowest $25,295 $34,161 $43,379
Lowest $756 $10,934 $20,824
  All other races, non-Hispanic
Subtotal $10,637 $67,432 $241,087
Sex
Female $9,325 $57,073 $227,211
Male $11,781 $79,224 $249,589
Country of birth
United States $10,637 $65,589 $220,378
Other countries $10,683 $69,442 $247,507
Age
31–39 $12,753 $75,713 $231,747
40–49 $10,205 $76,700 $324,916
50–59 $12,972 $69,661 $241,087
60–69 $7,414 $52,368 $184,646
70 or older $756 $51,924 $116,127
Marital status
Married $9,943 $69,262 $244,661
Divorced $10,583 $57,881 $190,289
Widowed $6,711 $49,181 $163,846
Never married $12,691 $72,629 $249,589
Highest education level
Graduate $23,425 $125,112 $373,272
Bachelor $10,019 $83,102 $241,827
Associate $8,109 $46,562 $131,668
High school $7,364 $42,962 $134,507
Less than high school $5,537 $25,389 $77,095
Current-law household income quintile
Highest $42,687 $184,118 $419,747
Second highest $27,492 $106,219 $185,524
Middle $13,076 $70,469 $124,308
Second lowest $12,971 $51,012 $81,285
Lowest $1,759 $20,589 $45,478
Current-law payroll taxes quintile
Highest $130,265 $192,003 $413,757
Second highest $75,181 $89,152 $110,747
Middle $48,182 $57,109 $68,698
Second lowest $25,223 $35,091 $43,101
Lowest $756 $9,943 $20,556
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: SB PopProfiles 03/06/2024.
NOTE: Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Projected Covered Earnings Distribution (Not Capped) in 2050
POPULATION: Current-law payroll taxpayers aged 31 or older (characteristics)
Characteristic Individual covered earnings (2024 $) at the—
10th percentile Median 90th percentile
  All taxpayers
Total $12,902 $74,023 $215,300
Sex
Female $11,449 $64,525 $177,224
Male $14,891 $83,904 $240,404
Race and ethnicity
Hispanic or Latino, any race $10,598 $59,867 $159,532
White, non-Hispanic $14,473 $81,783 $223,112
Black or African American, non-Hispanic $10,244 $62,053 $174,489
All other races, non-Hispanic $16,120 $97,541 $314,530
Country of birth
United States $13,848 $76,360 $212,454
Other countries $10,170 $65,026 $228,703
Age
31–39 $15,446 $75,452 $206,553
40–49 $14,792 $79,779 $246,682
50–59 $16,094 $78,453 $231,845
60–69 $10,395 $58,727 $191,318
70 or older $959 $65,349 $163,719
Marital status
Married $13,081 $75,828 $221,821
Divorced $13,153 $75,085 $206,616
Widowed $5,274 $55,268 $163,719
Never married $13,415 $71,807 $214,398
Highest education level
Graduate $24,865 $123,757 $330,807
Bachelor $19,107 $104,813 $268,917
Associate $12,810 $68,109 $161,781
High school $9,646 $55,620 $140,506
Less than high school $7,032 $46,604 $125,606
Current-law household income quintile
Highest $47,251 $182,474 $452,026
Second highest $33,124 $114,696 $210,101
Middle $22,742 $85,532 $144,453
Second lowest $16,562 $66,025 $96,839
Lowest $1,737 $25,649 $54,379
Current-law payroll taxes quintile
Highest $160,315 $215,296 $452,026
Second highest $95,878 $115,338 $142,890
Middle $61,351 $74,023 $87,875
Second lowest $31,840 $43,434 $55,224
Lowest $959 $12,902 $25,750
  Hispanic or Latino, any race
Subtotal $10,598 $59,867 $159,532
Sex
Female $9,091 $49,889 $124,664
Male $12,639 $69,131 $188,650
Country of birth
United States $12,646 $65,398 $165,900
Other countries $7,677 $50,791 $143,339
Age
31–39 $13,363 $65,238 $158,322
40–49 $12,021 $64,362 $176,371
50–59 $13,185 $60,898 $160,218
60–69 $5,457 $44,702 $120,723
70 or older $959 $48,554 $140,662
Marital status
Married $10,182 $59,091 $161,152
Divorced $11,669 $64,162 $168,710
Widowed $5,212 $40,549 $119,253
Never married $11,740 $60,989 $157,438
Highest education level
Graduate $17,891 $89,846 $243,967
Bachelor $14,011 $80,006 $242,209
Associate $11,281 $67,199 $153,870
High school $10,497 $54,940 $132,927
Less than high school $8,151 $49,413 $126,451
Current-law household income quintile
Highest $32,311 $141,902 $367,167
Second highest $27,307 $95,017 $198,216
Middle $20,396 $75,320 $132,442
Second lowest $17,558 $64,362 $94,593
Lowest $1,797 $24,942 $54,290
Current-law payroll taxes quintile
Highest $159,130 $208,893 $386,741
Second highest $94,518 $110,783 $139,384
Middle $61,531 $73,641 $87,558
Second lowest $31,743 $43,394 $55,214
Lowest $959 $14,011 $25,991
  White, non-Hispanic
Subtotal $14,473 $81,783 $223,112
Sex
Female $12,000 $70,889 $182,546
Male $16,856 $93,454 $249,457
Country of birth
United States $14,966 $82,808 $222,925
Other countries $9,914 $70,159 $228,159
Age
31–39 $16,117 $83,093 $213,840
40–49 $16,293 $90,373 $257,011
50–59 $20,328 $88,774 $243,089
60–69 $12,798 $65,413 $198,934
70 or older $959 $69,500 $165,605
Marital status
Married $15,005 $82,751 $228,498
Divorced $14,335 $81,331 $211,059
Widowed $5,465 $60,569 $168,227
Never married $14,720 $82,761 $227,271
Highest education level
Graduate $26,317 $127,456 $320,963
Bachelor $20,110 $107,884 $268,947
Associate $13,794 $71,179 $163,724
High school $9,793 $58,585 $141,569
Less than high school $5,201 $44,638 $128,599
Current-law household income quintile
Highest $49,735 $179,573 $449,598
Second highest $35,635 $118,659 $207,315
Middle $23,302 $88,243 $145,657
Second lowest $15,223 $65,232 $97,752
Lowest $1,527 $25,315 $54,438
Current-law payroll taxes quintile
Highest $159,795 $213,271 $451,485
Second highest $96,367 $116,677 $143,348
Middle $61,223 $74,293 $87,949
Second lowest $31,876 $43,446 $55,222
Lowest $959 $12,378 $25,529
  Black or African American, non-Hispanic
Subtotal $10,244 $62,053 $174,489
Sex
Female $12,208 $58,398 $152,037
Male $8,245 $65,533 $200,773
Country of birth
United States $10,603 $62,133 $171,712
Other countries $7,999 $61,507 $192,634
Age
31–39 $13,690 $61,002 $160,625
40–49 $11,802 $68,483 $196,595
50–59 $11,160 $65,681 $190,502
60–69 $6,066 $49,064 $150,030
70 or older $959 $58,094 $133,479
Marital status
Married $10,453 $67,373 $194,362
Divorced $10,141 $61,918 $172,964
Widowed $959 $47,586 $142,204
Never married $10,824 $59,696 $165,116
Highest education level
Graduate $22,982 $115,066 $264,430
Bachelor $19,928 $90,916 $212,743
Associate $10,669 $58,585 $143,947
High school $8,009 $47,866 $127,213
Less than high school $4,646 $38,231 $102,129
Current-law household income quintile
Highest $42,741 $163,304 $410,563
Second highest $28,845 $115,015 $214,060
Middle $25,564 $91,635 $147,765
Second lowest $22,333 $68,025 $97,630
Lowest $2,184 $26,862 $53,854
Current-law payroll taxes quintile
Highest $158,767 $202,176 $379,155
Second highest $95,644 $114,708 $143,411
Middle $61,393 $73,400 $88,081
Second lowest $31,957 $43,397 $55,191
Lowest $959 $12,894 $26,064
  All other races, non-Hispanic
Subtotal $16,120 $97,541 $314,530
Sex
Female $14,256 $82,193 $306,698
Male $18,311 $122,389 $323,661
Country of birth
United States $15,999 $96,924 $314,057
Other countries $16,142 $97,943 $315,335
Age
31–39 $20,870 $104,107 $288,125
40–49 $20,249 $118,168 $394,409
50–59 $18,216 $94,849 $329,808
60–69 $10,400 $73,327 $274,299
70 or older $1,153 $86,679 $193,462
Marital status
Married $14,742 $99,260 $306,546
Divorced $12,373 $82,858 $289,078
Widowed $10,215 $65,089 $182,345
Never married $18,879 $101,354 $342,567
Highest education level
Graduate $27,701 $152,892 $479,476
Bachelor $19,133 $127,643 $317,916
Associate $13,251 $62,811 $184,951
High school $8,458 $57,662 $213,846
Less than high school $6,203 $36,886 $168,579
Current-law household income quintile
Highest $61,495 $236,105 $572,022
Second highest $37,923 $156,257 $231,961
Middle $22,833 $97,943 $152,994
Second lowest $18,683 $69,652 $97,541
Lowest $2,384 $26,623 $55,450
Current-law payroll taxes quintile
Highest $166,743 $236,583 $546,034
Second highest $96,924 $118,349 $144,240
Middle $61,495 $74,930 $88,435
Second lowest $31,707 $43,595 $55,342
Lowest $959 $12,123 $25,635
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: SB PopProfiles 03/06/2024.
NOTE: Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Projected Covered Earnings Distribution (Not Capped) in 2070
POPULATION: Current-law payroll taxpayers aged 31 or older (characteristics)
Characteristic Individual covered earnings (2024 $) at the—
10th percentile Median 90th percentile
  All taxpayers
Total $15,471 $92,956 $272,787
Sex
Female $13,973 $81,890 $226,290
Male $17,604 $104,975 $305,512
Race and ethnicity
Hispanic or Latino, any race $12,867 $76,714 $205,737
White, non-Hispanic $17,311 $103,808 $278,437
Black or African American, non-Hispanic $12,819 $78,245 $218,902
All other races, non-Hispanic $21,453 $131,030 $403,630
Country of birth
United States $16,503 $95,619 $265,546
Other countries $12,941 $84,063 $301,298
Age
31–39 $18,154 $94,143 $258,910
40–49 $18,495 $100,162 $313,214
50–59 $19,338 $98,619 $299,103
60–69 $13,549 $74,594 $242,260
70 or older $1,200 $87,851 $211,144
Marital status
Married $15,780 $95,339 $280,138
Divorced $16,660 $93,682 $264,633
Widowed $5,199 $71,995 $201,307
Never married $15,377 $90,531 $273,074
Highest education level
Graduate $28,713 $151,287 $404,397
Bachelor $23,155 $136,200 $355,842
Associate $14,929 $85,724 $207,824
High school $12,076 $70,513 $175,588
Less than high school $8,666 $58,711 $155,211
Current-law household income quintile
Highest $61,034 $233,055 $572,060
Second highest $42,329 $145,958 $265,706
Middle $30,743 $107,359 $180,040
Second lowest $20,079 $81,357 $120,977
Lowest $1,870 $31,636 $67,908
Current-law payroll taxes quintile
Highest $202,600 $272,734 $572,060
Second highest $120,516 $145,686 $180,192
Middle $77,243 $92,962 $110,353
Second lowest $39,871 $54,586 $69,659
Lowest $1,200 $15,471 $32,251
  Hispanic or Latino, any race
Subtotal $12,867 $76,714 $205,737
Sex
Female $10,524 $64,865 $168,681
Male $15,965 $86,457 $240,370
Country of birth
United States $14,681 $82,069 $213,369
Other countries $9,807 $63,711 $180,781
Age
31–39 $15,458 $82,408 $204,289
40–49 $15,165 $81,315 $237,277
50–59 $15,423 $79,160 $209,744
60–69 $8,412 $56,084 $158,951
70 or older $1,200 $57,336 $171,351
Marital status
Married $12,374 $76,652 $210,829
Divorced $14,592 $81,087 $206,997
Widowed $1,200 $47,027 $145,297
Never married $13,550 $76,995 $198,490
Highest education level
Graduate $18,531 $109,389 $321,076
Bachelor $19,594 $111,114 $343,499
Associate $13,897 $84,032 $195,766
High school $12,992 $68,705 $164,028
Less than high school $9,841 $61,657 $157,070
Current-law household income quintile
Highest $41,726 $179,910 $487,408
Second highest $34,295 $121,404 $252,290
Middle $26,729 $95,606 $166,793
Second lowest $21,022 $80,093 $117,480
Lowest $1,870 $31,467 $67,271
Current-law payroll taxes quintile
Highest $201,818 $269,261 $524,809
Second highest $119,483 $142,273 $177,818
Middle $77,474 $92,379 $109,983
Second lowest $39,633 $54,327 $69,329
Lowest $1,200 $16,526 $32,577
  White, non-Hispanic
Subtotal $17,311 $103,808 $278,437
Sex
Female $15,759 $92,048 $230,865
Male $18,806 $116,034 $311,401
Country of birth
United States $17,802 $105,314 $276,399
Other countries $13,269 $87,132 $295,558
Age
31–39 $19,936 $105,830 $267,905
40–49 $20,580 $116,773 $322,726
50–59 $24,266 $113,069 $312,492
60–69 $15,376 $81,472 $248,764
70 or older $1,200 $91,288 $212,285
Marital status
Married $17,961 $105,816 $286,612
Divorced $18,965 $102,520 $278,437
Widowed $8,405 $82,622 $213,987
Never married $15,100 $102,636 $265,569
Highest education level
Graduate $30,745 $155,896 $383,682
Bachelor $25,162 $137,280 $348,662
Associate $15,274 $89,589 $209,313
High school $11,822 $73,999 $176,908
Less than high school $7,473 $54,055 $149,528
Current-law household income quintile
Highest $67,422 $227,139 $570,001
Second highest $44,276 $148,194 $260,393
Middle $32,125 $112,515 $182,802
Second lowest $18,246 $81,082 $122,328
Lowest $1,744 $30,804 $67,812
Current-law payroll taxes quintile
Highest $201,021 $266,080 $570,001
Second highest $121,107 $146,743 $180,785
Middle $77,298 $93,946 $110,508
Second lowest $40,034 $54,904 $69,885
Lowest $1,200 $14,592 $31,966
  Black or African American, non-Hispanic
Subtotal $12,819 $78,245 $218,902
Sex
Female $15,306 $74,529 $190,115
Male $9,574 $83,720 $251,042
Country of birth
United States $12,465 $77,558 $216,011
Other countries $14,798 $82,732 $236,747
Age
31–39 $15,349 $75,495 $213,094
40–49 $13,253 $81,573 $233,785
50–59 $14,557 $83,341 $233,632
60–69 $13,415 $67,186 $206,843
70 or older $1,200 $83,922 $189,147
Marital status
Married $15,229 $85,941 $248,945
Divorced $14,693 $84,105 $220,311
Widowed $1,200 $67,961 $166,224
Never married $11,878 $73,517 $206,007
Highest education level
Graduate $20,436 $138,745 $312,173
Bachelor $20,534 $122,805 $278,766
Associate $15,188 $79,292 $183,671
High school $9,574 $61,942 $158,969
Less than high school $5,069 $48,016 $122,218
Current-law household income quintile
Highest $48,950 $204,289 $460,479
Second highest $47,040 $148,870 $264,492
Middle $35,418 $115,816 $185,199
Second lowest $24,363 $84,011 $121,973
Lowest $2,562 $33,881 $68,625
Current-law payroll taxes quintile
Highest $199,990 $252,601 $437,514
Second highest $120,148 $144,852 $180,650
Middle $76,826 $91,713 $110,148
Second lowest $39,946 $53,917 $69,241
Lowest $1,200 $15,306 $32,356
  All other races, non-Hispanic
Subtotal $21,453 $131,030 $403,630
Sex
Female $17,335 $105,530 $365,116
Male $26,052 $163,252 $427,240
Country of birth
United States $22,743 $127,285 $392,855
Other countries $20,932 $133,707 $412,297
Age
31–39 $21,722 $133,375 $371,571
40–49 $25,510 $151,382 $503,753
50–59 $23,064 $141,137 $452,080
60–69 $18,925 $111,529 $349,604
70 or older $8,346 $115,625 $244,302
Marital status
Married $20,459 $126,686 $394,630
Divorced $14,224 $117,835 $356,691
Widowed $20,924 $84,617 $242,034
Never married $25,136 $142,835 $421,709
Highest education level
Graduate $37,796 $196,501 $578,558
Bachelor $25,510 $162,368 $402,602
Associate $15,929 $77,367 $241,617
High school $14,287 $84,580 $285,138
Less than high school $3,973 $40,931 $179,193
Current-law household income quintile
Highest $85,793 $295,558 $685,167
Second highest $54,515 $194,079 $295,076
Middle $32,322 $124,901 $191,279
Second lowest $21,788 $85,488 $123,319
Lowest $1,488 $31,483 $69,659
Current-law payroll taxes quintile
Highest $213,444 $299,436 $656,928
Second highest $121,384 $149,352 $181,263
Middle $76,820 $92,714 $111,001
Second lowest $39,598 $55,309 $70,024
Lowest $1,200 $16,765 $31,979
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: SB PopProfiles 03/06/2024.
NOTE: Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Projected Lifetime Quarters of Coverage Distribution in 2024
POPULATION: Current-law payroll taxpayers aged 31 or older (characteristics)
Characteristic Individual lifetime quarters of coverage at the—
10th percentile Median 90th percentile
  All taxpayers
Total 96 175 244
Sex
Female 89 170 244
Male 106 179 244
Race and ethnicity
Hispanic or Latino, any race 73 150 214
White, non-Hispanic 112 185 252
Black or African American, non-Hispanic 87 164 227
All other races, non-Hispanic 84 164 240
Country of birth
United States 109 181 248
Other countries 65 144 217
Age
31–39 86 167 237
40–49 98 169 236
50–59 100 173 239
60–69 104 190 249
70 or older 126 221 272
Marital status
Married 99 177 247
Divorced 105 179 244
Widowed 88 180 248
Never married 87 167 236
Highest education level
Graduate 116 193 264
Bachelor 113 189 260
Associate 107 176 240
High school 89 168 228
Less than high school 62 137 196
Current-law household income quintile
Highest 128 199 271
Second highest 120 188 252
Middle 112 180 239
Second lowest 97 168 224
Lowest 62 140 200
Current-law payroll taxes quintile
Highest 148 204 273
Second highest 131 190 252
Middle 114 177 232
Second lowest 91 160 220
Lowest 52 135 209
  Hispanic or Latino, any race
Subtotal 73 150 214
Sex
Female 65 139 210
Male 85 156 217
Country of birth
United States 93 163 224
Other countries 62 136 200
Age
31–39 75 150 210
40–49 76 148 209
50–59 70 148 211
60–69 68 157 229
70 or older 63 197 248
Marital status
Married 73 149 215
Divorced 80 158 220
Widowed 59 130 203
Never married 74 149 210
Highest education level
Graduate 100 172 248
Bachelor 79 166 243
Associate 82 158 220
High school 78 151 212
Less than high school 63 136 192
Current-law household income quintile
Highest 90 168 249
Second highest 88 163 228
Middle 92 159 217
Second lowest 80 148 208
Lowest 49 123 187
Current-law payroll taxes quintile
Highest 134 188 257
Second highest 105 168 228
Middle 100 158 212
Second lowest 77 144 201
Lowest 37 111 180
  White, non-Hispanic
Subtotal 112 185 252
Sex
Female 102 180 252
Male 122 189 252
Country of birth
United States 117 187 253
Other countries 67 152 230
Age
31–39 95 174 245
40–49 112 178 245
50–59 121 184 248
60–69 121 196 255
70 or older 138 226 276
Marital status
Married 113 186 253
Divorced 117 185 252
Widowed 109 192 255
Never married 101 178 246
Highest education level
Graduate 125 198 267
Bachelor 126 195 262
Associate 116 181 245
High school 100 177 236
Less than high school 70 149 212
Current-law household income quintile
Highest 143 206 276
Second highest 133 195 256
Middle 122 187 246
Second lowest 109 176 229
Lowest 72 151 207
Current-law payroll taxes quintile
Highest 156 208 276
Second highest 143 195 256
Middle 125 184 239
Second lowest 103 170 228
Lowest 64 148 218
  Black or African American, non-Hispanic
Subtotal 87 164 227
Sex
Female 90 165 232
Male 83 164 221
Country of birth
United States 91 167 229
Other countries 67 143 207
Age
31–39 71 154 216
40–49 92 162 223
50–59 92 166 225
60–69 102 179 232
70 or older 98 204 259
Marital status
Married 96 170 231
Divorced 92 167 223
Widowed 93 176 240
Never married 76 156 218
Highest education level
Graduate 110 179 253
Bachelor 106 175 243
Associate 104 169 229
High school 75 158 214
Less than high school 46 125 191
Current-law household income quintile
Highest 113 180 252
Second highest 119 179 243
Middle 110 173 232
Second lowest 100 166 224
Lowest 58 137 193
Current-law payroll taxes quintile
Highest 136 186 259
Second highest 127 181 243
Middle 111 173 225
Second lowest 88 155 211
Lowest 47 127 196
  All other races, non-Hispanic
Subtotal 84 164 240
Sex
Female 79 159 246
Male 89 170 236
Country of birth
United States 112 177 244
Other countries 73 156 236
Age
31–39 83 165 248
40–49 93 168 240
50–59 80 160 228
60–69 84 161 230
70 or older 92 198 255
Marital status
Married 83 162 239
Divorced 88 167 232
Widowed 69 144 224
Never married 92 168 247
Highest education level
Graduate 96 176 252
Bachelor 84 168 252
Associate 84 161 228
High school 82 159 221
Less than high school 33 118 184
Current-law household income quintile
Highest 112 185 260
Second highest 104 179 251
Middle 96 165 227
Second lowest 80 155 214
Lowest 48 127 193
Current-law payroll taxes quintile
Highest 135 196 265
Second highest 112 174 232
Middle 94 161 213
Second lowest 73 144 204
Lowest 40 119 192
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: SB PopProfiles 03/06/2024.
NOTE: Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Projected Lifetime Quarters of Coverage Distribution in 2030
POPULATION: Current-law payroll taxpayers aged 31 or older (characteristics)
Characteristic Individual lifetime quarters of coverage at the—
10th percentile Median 90th percentile
  All taxpayers
Total 95 175 247
Sex
Female 88 170 248
Male 104 179 246
Race and ethnicity
Hispanic or Latino, any race 73 152 217
White, non-Hispanic 111 185 255
Black or African American, non-Hispanic 87 163 228
All other races, non-Hispanic 79 168 244
Country of birth
United States 108 181 251
Other countries 60 146 221
Age
31–39 85 165 237
40–49 96 169 238
50–59 97 173 239
60–69 104 189 250
70 or older 136 225 276
Marital status
Married 97 177 249
Divorced 105 180 248
Widowed 84 182 252
Never married 87 166 237
Highest education level
Graduate 115 192 265
Bachelor 112 191 262
Associate 106 176 242
High school 87 167 229
Less than high school 59 138 198
Current-law household income quintile
Highest 128 200 272
Second highest 120 189 256
Middle 112 179 240
Second lowest 96 168 224
Lowest 58 140 200
Current-law payroll taxes quintile
Highest 148 204 275
Second highest 129 189 254
Middle 113 176 234
Second lowest 90 161 222
Lowest 51 135 211
  Hispanic or Latino, any race
Subtotal 73 152 217
Sex
Female 64 140 212
Male 86 158 218
Country of birth
United States 93 163 226
Other countries 54 137 202
Age
31–39 75 150 211
40–49 73 148 209
50–59 64 148 211
60–69 76 164 226
70 or older 108 200 251
Marital status
Married 71 152 218
Divorced 86 158 224
Widowed 45 142 212
Never married 75 149 210
Highest education level
Graduate 98 172 252
Bachelor 78 166 243
Associate 87 160 223
High school 75 151 213
Less than high school 57 138 195
Current-law household income quintile
Highest 99 175 252
Second highest 92 167 235
Middle 91 157 219
Second lowest 80 148 209
Lowest 44 127 187
Current-law payroll taxes quintile
Highest 129 184 260
Second highest 106 172 234
Middle 99 160 215
Second lowest 79 145 202
Lowest 31 117 186
  White, non-Hispanic
Subtotal 111 185 255
Sex
Female 102 181 256
Male 120 189 254
Country of birth
United States 116 188 256
Other countries 63 152 234
Age
31–39 94 173 246
40–49 111 178 245
50–59 120 183 249
60–69 120 197 256
70 or older 149 230 280
Marital status
Married 113 186 256
Divorced 116 187 254
Widowed 106 195 260
Never married 99 178 247
Highest education level
Graduate 123 198 269
Bachelor 125 196 265
Associate 116 182 248
High school 100 176 237
Less than high school 67 146 208
Current-law household income quintile
Highest 141 208 277
Second highest 133 196 260
Middle 124 187 247
Second lowest 107 176 233
Lowest 70 151 208
Current-law payroll taxes quintile
Highest 154 209 278
Second highest 140 195 259
Middle 126 184 243
Second lowest 101 172 232
Lowest 64 149 222
  Black or African American, non-Hispanic
Subtotal 87 163 228
Sex
Female 88 164 232
Male 87 162 224
Country of birth
United States 92 166 231
Other countries 60 141 211
Age
31–39 72 152 216
40–49 93 158 218
50–59 91 166 224
60–69 92 180 239
70 or older 112 208 261
Marital status
Married 96 170 233
Divorced 90 167 226
Widowed 81 178 240
Never married 80 156 219
Highest education level
Graduate 110 180 255
Bachelor 106 175 244
Associate 104 168 228
High school 74 156 215
Less than high school 46 128 193
Current-law household income quintile
Highest 119 182 253
Second highest 111 179 252
Middle 108 171 234
Second lowest 98 164 222
Lowest 59 135 193
Current-law payroll taxes quintile
Highest 135 195 267
Second highest 128 181 241
Middle 108 170 224
Second lowest 89 154 207
Lowest 50 127 193
  All other races, non-Hispanic
Subtotal 79 168 244
Sex
Female 75 163 252
Male 83 171 237
Country of birth
United States 113 180 252
Other countries 66 158 240
Age
31–39 89 171 251
40–49 76 166 248
50–59 72 164 232
60–69 75 160 234
70 or older 92 201 261
Marital status
Married 71 163 240
Divorced 84 172 244
Widowed 61 160 248
Never married 96 172 252
Highest education level
Graduate 94 176 254
Bachelor 80 169 253
Associate 86 166 232
High school 62 159 225
Less than high school 53 117 180
Current-law household income quintile
Highest 111 188 264
Second highest 105 176 248
Middle 91 166 235
Second lowest 80 161 215
Lowest 34 129 195
Current-law payroll taxes quintile
Highest 136 198 268
Second highest 103 174 240
Middle 89 168 224
Second lowest 71 144 207
Lowest 30 123 194
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: SB PopProfiles 03/06/2024.
NOTE: Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Projected Lifetime Quarters of Coverage Distribution in 2050
POPULATION: Current-law payroll taxpayers aged 31 or older (characteristics)
Characteristic Individual lifetime quarters of coverage at the—
10th percentile Median 90th percentile
  All taxpayers
Total 92 174 250
Sex
Female 86 171 253
Male 100 177 246
Race and ethnicity
Hispanic or Latino, any race 75 156 223
White, non-Hispanic 108 185 258
Black or African American, non-Hispanic 85 164 236
All other races, non-Hispanic 80 173 252
Country of birth
United States 107 180 253
Other countries 56 147 230
Age
31–39 85 165 233
40–49 94 168 240
50–59 91 170 241
60–69 93 187 252
70 or older 134 228 285
Marital status
Married 92 175 252
Divorced 102 180 252
Widowed 84 193 276
Never married 89 168 240
Highest education level
Graduate 114 192 265
Bachelor 110 191 267
Associate 104 176 244
High school 83 164 227
Less than high school 56 139 201
Current-law household income quintile
Highest 132 204 276
Second highest 117 187 258
Middle 105 178 243
Second lowest 93 167 225
Lowest 55 136 199
Current-law payroll taxes quintile
Highest 144 205 274
Second highest 127 188 257
Middle 110 176 237
Second lowest 84 161 227
Lowest 51 134 210
  Hispanic or Latino, any race
Subtotal 75 156 223
Sex
Female 68 148 220
Male 85 160 225
Country of birth
United States 96 165 228
Other countries 48 132 207
Age
31–39 79 152 216
40–49 79 153 216
50–59 64 154 215
60–69 64 165 230
70 or older 105 199 269
Marital status
Married 74 155 224
Divorced 84 164 230
Widowed 55 147 236
Never married 76 152 215
Highest education level
Graduate 103 178 253
Bachelor 82 171 248
Associate 91 161 226
High school 77 155 216
Less than high school 56 141 201
Current-law household income quintile
Highest 106 179 256
Second highest 100 169 236
Middle 91 163 223
Second lowest 82 154 213
Lowest 44 126 189
Current-law payroll taxes quintile
Highest 124 187 260
Second highest 112 173 238
Middle 100 164 218
Second lowest 76 147 208
Lowest 41 120 189
  White, non-Hispanic
Subtotal 108 185 258
Sex
Female 100 181 263
Male 117 188 255
Country of birth
United States 114 187 260
Other countries 60 151 235
Age
31–39 93 173 242
40–49 109 178 250
50–59 111 178 249
60–69 111 193 256
70 or older 150 238 289
Marital status
Married 109 185 258
Divorced 112 186 258
Widowed 111 211 283
Never married 102 179 250
Highest education level
Graduate 123 197 270
Bachelor 124 199 271
Associate 115 182 252
High school 92 173 235
Less than high school 61 141 206
Current-law household income quintile
Highest 147 212 281
Second highest 132 195 263
Middle 117 185 248
Second lowest 104 175 232
Lowest 67 146 207
Current-law payroll taxes quintile
Highest 155 211 279
Second highest 139 194 264
Middle 121 184 248
Second lowest 96 171 239
Lowest 65 148 222
  Black or African American, non-Hispanic
Subtotal 85 164 236
Sex
Female 90 167 244
Male 80 161 229
Country of birth
United States 92 167 239
Other countries 50 144 220
Age
31–39 75 155 221
40–49 90 158 226
50–59 91 164 223
60–69 83 178 239
70 or older 128 223 284
Marital status
Married 85 168 243
Divorced 97 170 240
Widowed 102 187 254
Never married 81 159 228
Highest education level
Graduate 107 188 263
Bachelor 108 178 254
Associate 92 167 233
High school 75 154 216
Less than high school 55 135 195
Current-law household income quintile
Highest 121 189 267
Second highest 113 181 256
Middle 104 175 243
Second lowest 96 165 222
Lowest 60 132 194
Current-law payroll taxes quintile
Highest 134 193 268
Second highest 121 183 254
Middle 107 172 227
Second lowest 82 155 215
Lowest 50 127 204
  All other races, non-Hispanic
Subtotal 80 173 252
Sex
Female 76 170 256
Male 84 176 244
Country of birth
United States 116 183 256
Other countries 65 164 248
Age
31–39 85 173 239
40–49 82 168 253
50–59 66 164 245
60–69 64 178 258
70 or older 113 215 272
Marital status
Married 68 169 252
Divorced 74 174 244
Widowed 47 158 260
Never married 102 176 251
Highest education level
Graduate 93 184 256
Bachelor 85 176 259
Associate 86 171 233
High school 65 160 233
Less than high school 32 103 175
Current-law household income quintile
Highest 124 204 268
Second highest 96 179 251
Middle 85 168 234
Second lowest 76 160 217
Lowest 38 125 198
Current-law payroll taxes quintile
Highest 133 205 268
Second highest 106 180 249
Middle 90 168 226
Second lowest 64 146 212
Lowest 33 120 198
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: SB PopProfiles 03/06/2024.
NOTE: Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Projected Lifetime Quarters of Coverage Distribution in 2070
POPULATION: Current-law payroll taxpayers aged 31 or older (characteristics)
Characteristic Individual lifetime quarters of coverage at the—
10th percentile Median 90th percentile
  All taxpayers
Total 91 169 235
Sex
Female 84 166 237
Male 99 171 234
Race and ethnicity
Hispanic or Latino, any race 79 156 209
White, non-Hispanic 107 178 248
Black or African American, non-Hispanic 85 162 225
All other races, non-Hispanic 84 167 236
Country of birth
United States 104 173 239
Other countries 58 144 216
Age
31–39 83 155 186
40–49 93 166 212
50–59 91 171 236
60–69 92 187 257
70 or older 131 232 288
Marital status
Married 91 169 234
Divorced 103 177 244
Widowed 71 191 283
Never married 87 163 223
Highest education level
Graduate 113 181 255
Bachelor 107 179 252
Associate 100 171 229
High school 83 162 216
Less than high school 55 139 194
Current-law household income quintile
Highest 130 190 264
Second highest 115 179 247
Middle 105 172 229
Second lowest 92 163 213
Lowest 57 134 191
Current-law payroll taxes quintile
Highest 141 189 257
Second highest 128 181 247
Middle 108 169 226
Second lowest 84 157 216
Lowest 50 131 206
  Hispanic or Latino, any race
Subtotal 79 156 209
Sex
Female 71 148 207
Male 89 160 212
Country of birth
United States 95 163 214
Other countries 48 130 195
Age
31–39 80 149 183
40–49 80 154 204
50–59 76 158 219
60–69 75 170 234
70 or older 92 203 268
Marital status
Married 80 156 209
Divorced 89 166 223
Widowed 28 129 236
Never married 77 153 200
Highest education level
Graduate 106 171 238
Bachelor 85 167 228
Associate 88 160 211
High school 82 155 205
Less than high school 56 140 194
Current-law household income quintile
Highest 105 172 238
Second highest 98 167 225
Middle 91 162 211
Second lowest 83 156 202
Lowest 50 127 186
Current-law payroll taxes quintile
Highest 132 179 239
Second highest 113 171 222
Middle 100 162 206
Second lowest 80 148 201
Lowest 43 118 187
  White, non-Hispanic
Subtotal 107 178 248
Sex
Female 98 176 252
Male 116 180 245
Country of birth
United States 114 180 250
Other countries 60 147 222
Age
31–39 90 162 189
40–49 109 174 217
50–59 111 179 244
60–69 111 195 264
70 or older 147 239 292
Marital status
Married 109 177 244
Divorced 112 185 253
Widowed 106 218 291
Never married 96 172 237
Highest education level
Graduate 122 188 263
Bachelor 121 188 261
Associate 114 177 239
High school 90 170 225
Less than high school 58 140 200
Current-law household income quintile
Highest 144 200 273
Second highest 132 187 257
Middle 120 180 239
Second lowest 101 170 221
Lowest 65 142 197
Current-law payroll taxes quintile
Highest 152 196 264
Second highest 138 187 255
Middle 119 177 242
Second lowest 95 167 231
Lowest 61 146 224
  Black or African American, non-Hispanic
Subtotal 85 162 225
Sex
Female 88 163 229
Male 81 161 222
Country of birth
United States 92 165 229
Other countries 53 144 206
Age
31–39 72 147 184
40–49 92 158 209
50–59 92 167 227
60–69 83 177 252
70 or older 126 229 287
Marital status
Married 86 164 227
Divorced 100 169 238
Widowed 96 177 285
Never married 80 157 215
Highest education level
Graduate 109 180 255
Bachelor 102 170 242
Associate 95 165 223
High school 74 154 209
Less than high school 52 135 191
Current-law household income quintile
Highest 125 184 261
Second highest 112 178 249
Middle 107 169 232
Second lowest 96 162 213
Lowest 59 135 190
Current-law payroll taxes quintile
Highest 136 184 251
Second highest 128 180 245
Middle 108 166 220
Second lowest 86 154 207
Lowest 47 126 198
  All other races, non-Hispanic
Subtotal 84 167 236
Sex
Female 82 166 240
Male 87 168 233
Country of birth
United States 111 174 238
Other countries 68 160 235
Age
31–39 84 153 182
40–49 93 168 211
50–59 70 171 237
60–69 77 177 260
70 or older 135 224 284
Marital status
Married 71 165 236
Divorced 81 166 235
Widowed 63 187 268
Never married 107 169 232
Highest education level
Graduate 98 172 244
Bachelor 95 169 242
Associate 91 166 219
High school 64 164 223
Less than high school 41 106 172
Current-law household income quintile
Highest 125 188 260
Second highest 107 172 236
Middle 92 164 216
Second lowest 77 156 208
Lowest 43 129 186
Current-law payroll taxes quintile
Highest 131 183 252
Second highest 116 176 246
Middle 90 163 218
Second lowest 64 152 210
Lowest 41 125 193
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: SB PopProfiles 03/06/2024.
NOTE: Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Projected Poverty Rates and Numbers in 2024
POPULATION: Current-law payroll taxpayers aged 31 or older (characteristics)
Characteristic Poverty rate Number of population in poverty
(in thousands)
Official Supplemental Official Supplemental
  All taxpayers
Total 7.0% 12.0% 8,273 14,428
Sex
Female 8.0% 14.0% 4,567 7,731
Male 6.0% 10.0% 3,706 6,697
Race and ethnicity
Hispanic or Latino, any race 9.0% 16.0% 1,977 3,342
White, non-Hispanic 5.0% 10.0% 4,073 7,572
Black or African American, non-Hispanic 11.0% 16.0% 1,493 2,254
All other races, non-Hispanic 8.0% 14.0% 729 1,259
Country of birth
United States 6.0% 11.0% 6,097 10,772
Other countries 9.0% 15.0% 2,176 3,656
Age
31–39 12.0% 19.0% 3,802 6,126
40–49 9.0% 15.0% 2,749 4,634
50–59 4.0% 8.0% 1,224 2,514
60–69 2.0% 6.0% 453 1,042
70 or older 1.0% 2.0% 45 112
Marital status
Married 5.0% 9.0% 3,582 6,896
Divorced 8.0% 14.0% 1,513 2,552
Widowed 3.0% 8.0% 148 345
Never married 12.0% 19.0% 3,030 4,635
Highest education level
Graduate 3.0% 7.0% 618 1,209
Bachelor 4.0% 8.0% 1,014 1,910
Associate 6.0% 12.0% 1,810 3,386
High school 9.0% 15.0% 3,353 5,679
Less than high school 14.0% 21.0% 1,479 2,244
  Hispanic or Latino, any race
Subtotal 9.0% 16.0% 1,977 3,342
Sex
Female 11.0% 17.0% 988 1,614
Male 8.0% 14.0% 989 1,728
Country of birth
United States 8.0% 14.0% 859 1,484
Other countries 10.0% 17.0% 1,119 1,858
Marital status
Married 8.0% 15.0% 1,110 2,053
Divorced 11.0% 17.0% 263 393
Widowed 8.0% 12.0% 54 77
Never married 11.0% 17.0% 550 819
Highest education level
Graduate 5.0% 13.0% 68 173
Bachelor 6.0% 11.0% 109 183
Associate 8.0% 13.0% 300 481
High school 9.0% 16.0% 760 1,299
Less than high school 12.0% 19.0% 740 1,206
  White, non-Hispanic
Subtotal 5.0% 10.0% 4,073 7,572
Sex
Female 6.0% 12.0% 2,305 4,132
Male 4.0% 8.0% 1,768 3,440
Country of birth
United States 5.0% 10.0% 3,655 6,825
Other countries 8.0% 14.0% 419 747
Age
31–39 9.0% 16.0% 1,857 3,191
40–49 7.0% 13.0% 1,397 2,416
50–59 3.0% 7.0% 578 1,300
60–69 2.0% 4.0% 225 603
70 or older .0% 1.0% 16 63
Marital status
Married 4.0% 7.0% 1,855 3,677
Divorced 8.0% 13.0% 923 1,631
Widowed 2.0% 7.0% 53 206
Never married 10.0% 17.0% 1,242 2,058
Highest education level
Graduate 3.0% 5.0% 330 674
Bachelor 3.0% 6.0% 555 1,130
Associate 5.0% 11.0% 1,053 2,053
High school 7.0% 13.0% 1,690 3,064
Less than high school 15.0% 22.0% 445 651
  Black or African American, non-Hispanic
Subtotal 11.0% 16.0% 1,493 2,254
Sex
Female 12.0% 18.0% 856 1,295
Male 10.0% 15.0% 637 959
Country of birth
United States 11.0% 17.0% 1,337 2,034
Other countries 8.0% 12.0% 156 221
Marital status
Married 5.0% 10.0% 294 541
Divorced 10.0% 16.0% 238 383
Widowed 7.0% 9.0% 26 34
Never married 17.0% 23.0% 935 1,296
Highest education level
Graduate 5.0% 9.0% 74 130
Bachelor 7.0% 13.0% 177 316
Associate 8.0% 14.0% 260 474
High school 13.0% 19.0% 760 1,048
Less than high school 21.0% 28.0% 221 286
  All other races, non-Hispanic
Subtotal 8.0% 14.0% 729 1,259
Sex
Female 10.0% 16.0% 418 690
Male 7.0% 12.0% 311 569
Country of birth
United States 8.0% 13.0% 247 429
Other countries 8.0% 15.0% 482 830
Highest education level
Graduate 6.0% 10.0% 145 232
Bachelor 7.0% 11.0% 173 281
Associate 11.0% 22.0% 197 378
High school 8.0% 14.0% 142 268
Less than high school 20.0% 28.0% 73 100
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: SB PopProfiles 03/06/2024.
NOTE: Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Projected Poverty Rates and Numbers in 2030
POPULATION: Current-law payroll taxpayers aged 31 or older (characteristics)
Characteristic Poverty rate Number of population in poverty
(in thousands)
Official Supplemental Official Supplemental
  All taxpayers
Total 6.0% 12.0% 7,621 15,646
Sex
Female 7.0% 14.0% 4,290 8,478
Male 5.0% 11.0% 3,331 7,167
Race and ethnicity
Hispanic or Latino, any race 7.0% 15.0% 1,778 3,660
White, non-Hispanic 5.0% 11.0% 3,681 8,101
Black or African American, non-Hispanic 10.0% 16.0% 1,435 2,391
All other races, non-Hispanic 7.0% 15.0% 726 1,494
Country of birth
United States 6.0% 11.0% 5,549 11,516
Other countries 8.0% 16.0% 2,073 4,129
Age
31–39 10.0% 19.0% 3,309 6,354
40–49 8.0% 15.0% 2,575 5,152
50–59 4.0% 10.0% 1,282 2,811
60–69 2.0% 6.0% 427 1,153
70 or older .0% 2.0% 29 176
Marital status
Married 4.0% 10.0% 3,221 7,418
Divorced 7.0% 15.0% 1,400 2,767
Widowed 3.0% 8.0% 154 364
Never married 10.0% 18.0% 2,847 5,097
Highest education level
Graduate 3.0% 8.0% 712 1,553
Bachelor 4.0% 8.0% 921 1,971
Associate 5.0% 13.0% 1,587 3,651
High school 8.0% 16.0% 3,020 6,124
Less than high school 12.0% 21.0% 1,381 2,347
  Hispanic or Latino, any race
Subtotal 7.0% 15.0% 1,778 3,660
Sex
Female 9.0% 17.0% 946 1,822
Male 6.0% 14.0% 832 1,838
Country of birth
United States 6.0% 13.0% 770 1,705
Other countries 9.0% 17.0% 1,009 1,955
Marital status
Married 7.0% 15.0% 979 2,105
Divorced 8.0% 16.0% 213 424
Widowed 7.0% 13.0% 50 103
Never married 9.0% 17.0% 536 1,029
Highest education level
Graduate 5.0% 11.0% 80 194
Bachelor 6.0% 13.0% 125 260
Associate 6.0% 12.0% 242 509
High school 7.0% 15.0% 628 1,415
Less than high school 10.0% 19.0% 703 1,282
  White, non-Hispanic
Subtotal 5.0% 11.0% 3,681 8,101
Sex
Female 6.0% 12.0% 2,058 4,399
Male 4.0% 9.0% 1,623 3,702
Country of birth
United States 5.0% 10.0% 3,252 7,213
Other countries 8.0% 16.0% 429 888
Marital status
Married 3.0% 8.0% 1,577 3,965
Divorced 7.0% 14.0% 845 1,752
Widowed 2.0% 6.0% 75 190
Never married 9.0% 17.0% 1,185 2,193
Highest education level
Graduate 3.0% 6.0% 396 900
Bachelor 2.0% 6.0% 433 1,070
Associate 5.0% 11.0% 935 2,208
High school 7.0% 15.0% 1,521 3,250
Less than high school 14.0% 24.0% 396 673
Current-law payroll taxes quintile
Highest .0% .0% 0 50
Second highest .0% 1.0% 0 161
Middle .0% 5.0% 0 707
Second lowest 2.0% 17.0% 270 2,404
Lowest 25.0% 35.0% 3,411 4,779
  Black or African American, non-Hispanic
Subtotal 10.0% 16.0% 1,435 2,391
Sex
Female 11.0% 18.0% 879 1,454
Male 8.0% 14.0% 556 937
Country of birth
United States 10.0% 17.0% 1,271 2,114
Other countries 8.0% 14.0% 164 277
Highest education level
Graduate 6.0% 12.0% 97 186
Bachelor 7.0% 11.0% 168 283
Associate 8.0% 16.0% 265 543
High school 12.0% 19.0% 696 1,094
Less than high school 20.0% 27.0% 209 284
Current-law payroll taxes quintile
Highest .0% .0% 0 0
Second highest .0% 1.0% 0 27
Middle .0% 5.0% 0 151
Second lowest 4.0% 18.0% 139 644
Lowest 39.0% 48.0% 1,296 1,568
  All other races, non-Hispanic
Subtotal 7.0% 15.0% 726 1,494
Sex
Female 9.0% 17.0% 406 803
Male 6.0% 13.0% 320 691
Country of birth
United States 7.0% 14.0% 255 485
Other countries 7.0% 16.0% 471 1,009
Marital status
Married 6.0% 14.0% 376 801
Divorced 10.0% 16.0% 90 153
Widowed 5.0% 10.0% 17 33
Never married 9.0% 18.0% 244 506
Highest education level
Graduate 5.0% 10.0% 139 273
Bachelor 7.0% 12.0% 196 358
Associate 8.0% 21.0% 144 392
High school 9.0% 20.0% 175 365
Less than high school 21.0% 31.0% 72 107
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: SB PopProfiles 03/06/2024.
NOTE: Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Projected Poverty Rates and Numbers in 2050
POPULATION: Current-law payroll taxpayers aged 31 or older (characteristics)
Characteristic Poverty rate Number of population in poverty
(in thousands)
Official Supplemental Official Supplemental
  All taxpayers
Total 5.0% 16.0% 6,447 22,037
Sex
Female 5.0% 18.0% 3,498 11,619
Male 4.0% 15.0% 2,949 10,418
Race and ethnicity
Hispanic or Latino, any race 6.0% 19.0% 1,918 6,285
White, non-Hispanic 4.0% 14.0% 2,783 10,398
Black or African American, non-Hispanic 7.0% 21.0% 1,051 3,062
All other races, non-Hispanic 5.0% 17.0% 695 2,292
Country of birth
United States 4.0% 15.0% 4,692 16,285
Other countries 6.0% 20.0% 1,755 5,752
Age
31–39 7.0% 23.0% 2,398 7,625
40–49 6.0% 19.0% 2,219 7,025
50–59 4.0% 14.0% 1,269 4,670
60–69 2.0% 11.0% 508 2,242
70 or older .0% 4.0% 54 475
Marital status
Married 4.0% 15.0% 2,680 10,922
Divorced 5.0% 17.0% 1,174 3,913
Widowed 3.0% 11.0% 103 397
Never married 7.0% 19.0% 2,489 6,804
Highest education level
Graduate 3.0% 9.0% 685 2,467
Bachelor 3.0% 11.0% 770 2,803
Associate 4.0% 17.0% 1,288 4,911
High school 6.0% 21.0% 2,543 8,524
Less than high school 9.0% 26.0% 1,161 3,331
Current-law payroll taxes quintile
Highest .0% 1.0% 0 178
Second highest .0% 3.0% 0 820
Middle .0% 9.0% 0 2,383
Second lowest 1.0% 24.0% 211 6,588
Lowest 23.0% 44.0% 6,236 12,067
  Hispanic or Latino, any race
Subtotal 6.0% 19.0% 1,918 6,285
Sex
Female 6.0% 21.0% 952 3,131
Male 5.0% 18.0% 966 3,154
Country of birth
United States 5.0% 17.0% 1,105 3,721
Other countries 7.0% 22.0% 813 2,564
Marital status
Married 5.0% 19.0% 938 3,482
Divorced 6.0% 19.0% 265 827
Widowed 5.0% 19.0% 35 137
Never married 7.0% 19.0% 681 1,838
Highest education level
Graduate 3.0% 12.0% 98 397
Bachelor 4.0% 17.0% 112 445
Associate 4.0% 16.0% 246 890
High school 6.0% 20.0% 767 2,485
Less than high school 8.0% 24.0% 696 2,067
  White, non-Hispanic
Subtotal 4.0% 14.0% 2,783 10,398
Sex
Female 4.0% 16.0% 1,585 5,560
Male 3.0% 12.0% 1,197 4,838
Country of birth
United States 4.0% 13.0% 2,445 9,163
Other countries 6.0% 20.0% 338 1,235
Marital status
Married 3.0% 12.0% 1,178 5,437
Divorced 5.0% 16.0% 694 2,335
Widowed 1.0% 8.0% 33 177
Never married 6.0% 18.0% 878 2,449
Highest education level
Graduate 2.0% 8.0% 377 1,360
Bachelor 2.0% 8.0% 345 1,401
Associate 4.0% 15.0% 667 2,717
High school 6.0% 21.0% 1,126 4,115
Less than high school 9.0% 28.0% 268 804
Current-law payroll taxes quintile
Highest .0% 1.0% 0 97
Second highest .0% 3.0% 0 465
Middle .0% 9.0% 0 1,275
Second lowest 1.0% 23.0% 127 3,187
Lowest 20.0% 40.0% 2,656 5,373
  Black or African American, non-Hispanic
Subtotal 7.0% 21.0% 1,051 3,062
Sex
Female 7.0% 21.0% 543 1,662
Male 7.0% 20.0% 508 1,400
Country of birth
United States 7.0% 20.0% 887 2,583
Other countries 8.0% 23.0% 165 479
Marital status
Married 5.0% 18.0% 225 820
Divorced 6.0% 19.0% 156 523
Widowed 7.0% 12.0% 20 37
Never married 9.0% 23.0% 650 1,682
Highest education level
Graduate 4.0% 10.0% 73 214
Bachelor 4.0% 13.0% 111 346
Associate 6.0% 20.0% 196 690
High school 9.0% 26.0% 541 1,492
Less than high school 12.0% 30.0% 131 319
  All other races, non-Hispanic
Subtotal 5.0% 17.0% 695 2,292
Sex
Female 6.0% 19.0% 417 1,266
Male 4.0% 14.0% 278 1,025
Country of birth
United States 5.0% 16.0% 255 818
Other countries 5.0% 17.0% 439 1,474
Marital status
Married 5.0% 17.0% 338 1,183
Divorced 5.0% 19.0% 60 228
Widowed 5.0% 15.0% 15 46
Never married 6.0% 17.0% 282 835
Highest education level
Graduate 3.0% 11.0% 137 496
Bachelor 5.0% 14.0% 203 610
Associate 7.0% 24.0% 180 614
High school 6.0% 22.0% 109 431
Less than high school 14.0% 31.0% 65 141
Current-law payroll taxes quintile
Highest .0% 1.0% 0 40
Second highest .0% 5.0% 0 113
Middle .0% 13.0% 0 290
Second lowest 1.0% 31.0% 24 678
Lowest 30.0% 52.0% 671 1,171
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: SB PopProfiles 03/06/2024.
NOTE: Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Projected Poverty Rates and Numbers in 2070
POPULATION: Current-law payroll taxpayers aged 31 or older (characteristics)
Characteristic Poverty rate Number of population in poverty
(in thousands)
Official Supplemental Official Supplemental
  All taxpayers
Total 4.0% 19.0% 5,343 27,294
Sex
Female 4.0% 21.0% 3,018 14,268
Male 3.0% 17.0% 2,324 13,026
Race and ethnicity
Hispanic or Latino, any race 4.0% 22.0% 1,823 9,176
White, non-Hispanic 3.0% 17.0% 2,013 11,509
Black or African American, non-Hispanic 6.0% 23.0% 823 3,336
All other races, non-Hispanic 4.0% 18.0% 684 3,272
Country of birth
United States 3.0% 18.0% 3,853 20,458
Other countries 5.0% 22.0% 1,490 6,836
Age
31–39 5.0% 26.0% 1,997 9,828
40–49 5.0% 22.0% 1,738 8,040
50–59 3.0% 17.0% 1,087 5,688
60–69 2.0% 13.0% 478 3,072
70 or older .0% 5.0% 43 667
Marital status
Married 3.0% 18.0% 2,007 13,342
Divorced 4.0% 20.0% 1,073 4,871
Widowed 2.0% 13.0% 75 478
Never married 5.0% 21.0% 2,188 8,603
Highest education level
Graduate 2.0% 11.0% 599 3,341
Bachelor 3.0% 13.0% 679 3,387
Associate 4.0% 20.0% 1,109 6,178
High school 5.0% 24.0% 1,980 10,083
Less than high school 7.0% 30.0% 976 4,305
Current-law payroll taxes quintile
Highest .0% 1.0% 0 351
Second highest .0% 6.0% 0 1,580
Middle .0% 14.0% 0 3,900
Second lowest .0% 28.0% 41 8,181
Lowest 18.0% 46.0% 5,302 13,282
  Hispanic or Latino, any race
Subtotal 4.0% 22.0% 1,823 9,176
Sex
Female 5.0% 23.0% 990 4,534
Male 4.0% 21.0% 833 4,642
Country of birth
United States 4.0% 20.0% 1,154 6,016
Other countries 5.0% 26.0% 669 3,160
Marital status
Married 4.0% 22.0% 815 4,921
Divorced 5.0% 22.0% 292 1,400
Widowed 4.0% 19.0% 32 167
Never married 5.0% 21.0% 684 2,688
Highest education level
Graduate 2.0% 12.0% 128 633
Bachelor 3.0% 16.0% 104 526
Associate 4.0% 19.0% 270 1,398
High school 4.0% 23.0% 714 3,742
Less than high school 6.0% 28.0% 608 2,876
  White, non-Hispanic
Subtotal 3.0% 17.0% 2,013 11,509
Sex
Female 4.0% 19.0% 1,168 6,013
Male 2.0% 15.0% 844 5,496
Country of birth
United States 3.0% 16.0% 1,726 10,078
Other countries 5.0% 23.0% 287 1,431
Age
31–39 4.0% 25.0% 690 3,959
40–49 4.0% 21.0% 703 3,353
50–59 3.0% 16.0% 432 2,496
60–69 1.0% 11.0% 168 1,366
70 or older .0% 4.0% 20 336
Marital status
Married 2.0% 15.0% 763 6,057
Divorced 4.0% 18.0% 545 2,567
Widowed 1.0% 11.0% 29 225
Never married 5.0% 20.0% 677 2,660
Highest education level
Graduate 2.0% 9.0% 277 1,624
Bachelor 2.0% 11.0% 277 1,629
Associate 3.0% 20.0% 507 3,197
High school 4.0% 24.0% 750 4,179
Less than high school 8.0% 34.0% 203 881
Current-law payroll taxes quintile
Highest .0% 1.0% 0 174
Second highest .0% 6.0% 0 875
Middle .0% 14.0% 0 1,846
Second lowest .0% 27.0% 25 3,407
Lowest 16.0% 42.0% 1,988 5,206
  Black or African American, non-Hispanic
Subtotal 6.0% 23.0% 823 3,336
Sex
Female 6.0% 24.0% 426 1,867
Male 6.0% 22.0% 396 1,470
Country of birth
United States 6.0% 24.0% 687 2,854
Other countries 6.0% 20.0% 136 482
Highest education level
Graduate 3.0% 15.0% 72 326
Bachelor 3.0% 15.0% 75 366
Associate 5.0% 22.0% 167 704
High school 7.0% 29.0% 405 1,612
Less than high school 10.0% 32.0% 105 328
  All other races, non-Hispanic
Subtotal 4.0% 18.0% 684 3,272
Sex
Female 5.0% 21.0% 434 1,854
Male 3.0% 15.0% 251 1,418
Country of birth
United States 4.0% 20.0% 286 1,509
Other countries 4.0% 17.0% 398 1,764
Highest education level
Graduate 2.0% 13.0% 123 758
Bachelor 4.0% 16.0% 224 866
Associate 5.0% 26.0% 165 878
High school 5.0% 23.0% 112 551
Less than high school 10.0% 37.0% 60 219
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: SB PopProfiles 03/06/2024.
NOTE: Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Projected Annual Household Income Distribution in 2024
POPULATION: Current-law payroll taxpayers aged 31 or older (characteristics)
Characteristic Household income (2024 $) at the—
10th percentile Median 90th percentile
  All taxpayers
Total $30,780 $114,096 $316,680
Sex
Female $27,792 $108,612 $307,500
Male $34,164 $118,644 $324,984
Race and ethnicity
Hispanic or Latino, any race $23,880 $87,960 $246,636
White, non-Hispanic $36,960 $125,400 $336,996
Black or African American, non-Hispanic $21,864 $87,360 $251,964
All other races, non-Hispanic $28,248 $136,524 $441,516
Country of birth
United States $32,772 $116,508 $314,784
Other countries $24,408 $103,044 $327,540
Age
31–39 $22,020 $92,652 $248,784
40–49 $26,832 $109,356 $308,232
50–59 $37,560 $130,584 $345,972
60–69 $40,848 $122,064 $340,104
70 or older $57,468 $169,416 $473,304
Marital status
Married $45,132 $139,620 $362,244
Divorced $23,580 $84,276 $239,328
Widowed $31,320 $93,204 $267,972
Never married $17,016 $73,788 $228,192
Highest education level
Graduate $57,756 $189,624 $520,656
Bachelor $48,024 $162,828 $409,200
Associate $31,584 $106,560 $257,700
High school $25,296 $88,920 $221,964
Less than high school $17,856 $70,968 $199,272
Current-law household income quintile
Highest $238,860 $316,632 $634,188
Second highest $147,732 $176,412 $214,380
Middle $95,580 $114,096 $135,276
Second lowest $55,740 $71,232 $87,252
Lowest $8,508 $30,780 $47,760
Current-law payroll taxes quintile
Highest $138,072 $244,812 $557,916
Second highest $80,064 $133,488 $282,648
Middle $52,416 $94,284 $228,672
Second lowest $29,508 $69,108 $204,492
Lowest $8,508 $48,012 $189,324
  Hispanic or Latino, any race
Subtotal $23,880 $87,960 $246,636
Sex
Female $21,840 $88,032 $240,156
Male $25,296 $87,948 $250,980
Country of birth
United States $25,668 $92,172 $256,452
Other countries $22,656 $83,844 $234,732
Age
31–39 $19,104 $78,180 $213,852
40–49 $22,644 $88,116 $248,496
50–59 $29,808 $99,072 $262,140
60–69 $28,776 $87,048 $259,200
70 or older $33,564 $119,064 $318,696
Marital status
Married $30,108 $98,616 $257,436
Divorced $18,192 $73,380 $215,172
Widowed $21,612 $76,032 $292,632
Never married $15,984 $70,068 $211,740
Highest education level
Graduate $36,840 $120,804 $344,460
Bachelor $30,852 $121,428 $343,320
Associate $27,132 $97,644 $258,480
High school $23,640 $85,140 $223,404
Less than high school $20,844 $76,968 $210,024
Current-law household income quintile
Highest $236,988 $294,336 $540,432
Second highest $147,408 $175,704 $212,940
Middle $95,700 $113,808 $134,748
Second lowest $55,536 $70,476 $86,928
Lowest $8,028 $30,084 $47,460
Current-law payroll taxes quintile
Highest $134,472 $229,128 $483,156
Second highest $75,828 $119,604 $245,904
Middle $51,852 $89,688 $200,424
Second lowest $29,196 $65,112 $190,524
Lowest $7,104 $39,792 $170,628
  White, non-Hispanic
Subtotal $36,960 $125,400 $336,996
Sex
Female $33,228 $119,508 $324,156
Male $40,944 $130,968 $348,660
Country of birth
United States $37,824 $126,300 $334,356
Other countries $26,256 $113,256 $358,452
Age
31–39 $26,748 $100,932 $256,452
40–49 $32,124 $120,372 $324,156
50–59 $43,368 $142,920 $359,076
60–69 $47,616 $130,824 $357,600
70 or older $66,300 $180,720 $511,704
Marital status
Married $54,072 $152,148 $379,932
Divorced $25,296 $88,008 $242,076
Widowed $36,168 $97,884 $269,508
Never married $18,144 $77,064 $228,192
Highest education level
Graduate $67,512 $194,052 $515,292
Bachelor $56,520 $172,596 $425,616
Associate $35,328 $113,124 $260,484
High school $29,280 $93,396 $222,768
Less than high school $15,852 $66,720 $172,620
Current-law household income quintile
Highest $238,980 $319,908 $645,840
Second highest $147,864 $176,640 $214,560
Middle $95,568 $114,096 $135,324
Second lowest $55,896 $71,736 $87,384
Lowest $9,144 $31,728 $48,060
Current-law payroll taxes quintile
Highest $138,156 $245,112 $566,088
Second highest $81,672 $139,260 $289,968
Middle $53,520 $99,036 $236,352
Second lowest $30,732 $77,388 $215,520
Lowest $10,092 $58,812 $207,672
  Black or African American, non-Hispanic
Subtotal $21,864 $87,360 $251,964
Sex
Female $21,048 $79,980 $231,792
Male $23,028 $97,224 $268,236
Country of birth
United States $21,552 $84,000 $245,688
Other countries $25,692 $107,088 $313,740
Age
31–39 $15,672 $66,492 $203,964
40–49 $21,708 $84,360 $251,424
50–59 $29,808 $108,408 $289,224
60–69 $31,536 $95,628 $266,544
70 or older $38,832 $120,468 $287,820
Marital status
Married $41,640 $123,624 $306,804
Divorced $20,832 $71,412 $241,200
Widowed $24,588 $74,352 $166,920
Never married $15,228 $63,120 $194,772
Highest education level
Graduate $43,512 $164,700 $399,156
Bachelor $28,020 $118,836 $302,412
Associate $27,264 $86,280 $229,212
High school $19,788 $70,836 $199,380
Less than high school $14,364 $52,692 $190,392
Current-law household income quintile
Highest $236,604 $294,300 $485,736
Second highest $147,792 $174,420 $212,784
Middle $94,884 $114,432 $135,276
Second lowest $55,380 $70,056 $87,036
Lowest $8,652 $29,808 $47,448
Current-law payroll taxes quintile
Highest $129,600 $214,932 $419,520
Second highest $76,644 $118,392 $256,008
Middle $49,332 $80,292 $206,784
Second lowest $26,700 $54,456 $173,148
Lowest $6,288 $31,452 $152,436
  All other races, non-Hispanic
Subtotal $28,248 $136,524 $441,516
Sex
Female $25,104 $130,680 $460,500
Male $32,268 $140,076 $419,940
Country of birth
United States $28,440 $114,960 $316,992
Other countries $28,236 $149,988 $485,772
Age
31–39 $20,412 $112,668 $358,680
40–49 $25,632 $133,272 $479,916
50–59 $35,796 $161,784 $499,524
60–69 $35,028 $135,012 $400,068
70 or older $43,872 $163,848 $426,936
Marital status
Married $39,756 $164,868 $521,448
Divorced $25,104 $89,304 $272,712
Widowed $29,748 $121,680 $341,436
Never married $18,144 $103,932 $301,764
Highest education level
Graduate $45,900 $231,372 $627,612
Bachelor $35,724 $165,144 $428,700
Associate $20,892 $89,304 $258,588
High school $27,156 $97,212 $267,624
Less than high school $9,108 $61,572 $204,396
Current-law household income quintile
Highest $239,664 $343,404 $711,732
Second highest $148,164 $179,820 $215,628
Middle $96,180 $114,768 $136,320
Second lowest $55,440 $69,468 $87,408
Lowest $7,392 $29,760 $47,244
Current-law payroll taxes quintile
Highest $149,244 $276,360 $643,656
Second highest $82,920 $138,372 $331,284
Middle $49,848 $89,424 $264,336
Second lowest $28,584 $57,900 $229,836
Lowest $6,492 $35,448 $194,472
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: SB PopProfiles 03/06/2024.
NOTE: Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Projected Annual Household Income Distribution in 2030
POPULATION: Current-law payroll taxpayers aged 31 or older (characteristics)
Characteristic Household income (2024 $) at the—
10th percentile Median 90th percentile
  All taxpayers
Total $33,712 $122,297 $349,863
Sex
Female $30,028 $115,906 $335,885
Male $37,230 $128,105 $362,030
Race and ethnicity
Hispanic or Latino, any race $26,354 $94,569 $263,048
White, non-Hispanic $40,103 $134,610 $373,948
Black or African American, non-Hispanic $23,814 $93,893 $276,860
All other races, non-Hispanic $30,330 $150,462 $500,138
Country of birth
United States $35,950 $124,722 $347,542
Other countries $26,791 $111,108 $360,646
Age
31–39 $24,178 $100,252 $274,424
40–49 $29,455 $116,458 $346,553
50–59 $36,960 $132,622 $368,171
60–69 $44,381 $133,819 $378,673
70 or older $61,919 $177,690 $507,538
Marital status
Married $48,523 $150,066 $398,116
Divorced $26,427 $90,396 $265,754
Widowed $33,712 $100,877 $286,966
Never married $20,109 $82,059 $259,655
Highest education level
Graduate $58,536 $199,381 $560,464
Bachelor $54,081 $175,265 $451,458
Associate $34,014 $111,295 $271,583
High school $27,114 $92,758 $245,635
Less than high school $19,245 $78,978 $220,717
Current-law household income quintile
Highest $259,884 $349,863 $720,137
Second highest $158,736 $190,398 $232,500
Middle $101,959 $122,297 $144,831
Second lowest $59,743 $75,595 $92,644
Lowest $9,055 $33,712 $51,563
Current-law payroll taxes quintile
Highest $151,492 $270,021 $632,603
Second highest $87,617 $144,373 $316,297
Middle $56,517 $100,513 $246,228
Second lowest $32,963 $73,108 $219,989
Lowest $9,055 $49,564 $193,365
  Hispanic or Latino, any race
Subtotal $26,354 $94,569 $263,048
Sex
Female $23,585 $93,966 $254,388
Male $28,852 $94,996 $270,688
Country of birth
United States $28,977 $99,607 $271,406
Other countries $23,835 $89,501 $253,587
Age
31–39 $22,440 $84,931 $235,435
40–49 $23,346 $92,696 $259,218
50–59 $30,371 $104,780 $292,441
60–69 $35,981 $96,224 $259,977
70 or older $44,131 $120,070 $290,723
Marital status
Married $33,910 $107,590 $283,021
Divorced $22,742 $76,313 $234,529
Widowed $22,919 $77,854 $211,308
Never married $19,224 $73,056 $235,310
Highest education level
Graduate $40,509 $141,167 $388,613
Bachelor $32,245 $121,735 $345,055
Associate $30,455 $100,918 $257,500
High school $26,676 $90,791 $249,611
Less than high school $21,993 $83,224 $228,888
Current-law household income quintile
Highest $257,313 $322,104 $613,681
Second highest $158,372 $189,201 $232,135
Middle $101,116 $120,330 $145,060
Second lowest $59,504 $74,024 $92,311
Lowest $8,701 $32,692 $51,292
Current-law payroll taxes quintile
Highest $147,683 $241,617 $495,787
Second highest $84,838 $135,349 $282,574
Middle $55,663 $94,465 $220,384
Second lowest $31,891 $71,078 $200,494
Lowest $8,399 $44,027 $165,856
  White, non-Hispanic
Subtotal $40,103 $134,610 $373,948
Sex
Female $36,720 $127,657 $356,899
Male $43,600 $140,928 $390,299
Country of birth
United States $41,238 $135,401 $371,741
Other countries $28,467 $122,713 $413,541
Age
31–39 $27,977 $110,484 $280,679
40–49 $36,471 $128,875 $366,308
50–59 $43,954 $145,664 $387,541
60–69 $49,377 $142,562 $395,930
70 or older $67,560 $189,316 $537,847
Marital status
Married $57,620 $165,418 $420,723
Divorced $29,133 $95,100 $273,768
Widowed $39,583 $111,056 $302,068
Never married $21,431 $86,212 $262,621
Highest education level
Graduate $64,989 $205,209 $558,257
Bachelor $64,562 $189,971 $472,347
Associate $38,406 $117,311 $278,275
High school $30,163 $97,453 $242,242
Less than high school $17,434 $75,710 $198,850
Current-law household income quintile
Highest $259,780 $353,704 $729,244
Second highest $158,924 $190,898 $232,770
Middle $102,230 $122,828 $144,852
Second lowest $59,889 $76,522 $93,019
Lowest $10,023 $35,055 $51,906
Current-law payroll taxes quintile
Highest $152,533 $272,519 $634,654
Second highest $89,053 $148,307 $327,121
Middle $57,558 $104,749 $250,162
Second lowest $34,535 $79,207 $234,040
Lowest $10,835 $59,525 $210,382
  Black or African American, non-Hispanic
Subtotal $23,814 $93,893 $276,860
Sex
Female $21,410 $84,702 $247,144
Male $27,530 $107,101 $298,446
Country of birth
United States $23,471 $91,874 $271,250
Other countries $27,218 $111,774 $297,988
Age
31–39 $16,976 $71,203 $226,005
40–49 $22,066 $93,987 $262,871
50–59 $29,840 $107,580 $296,261
60–69 $33,671 $105,488 $292,087
70 or older $52,312 $134,110 $338,310
Marital status
Married $44,787 $133,840 $336,457
Divorced $21,576 $80,581 $244,917
Widowed $29,653 $75,887 $224,288
Never married $17,340 $72,639 $220,717
Highest education level
Graduate $39,187 $171,726 $435,273
Bachelor $36,668 $127,668 $325,008
Associate $26,198 $89,469 $233,957
High school $20,411 $76,469 $222,404
Less than high school $13,656 $65,551 $206,156
Current-law household income quintile
Highest $255,772 $323,426 $563,326
Second highest $157,571 $186,849 $232,094
Middle $101,949 $121,818 $144,664
Second lowest $59,379 $74,076 $92,082
Lowest $8,066 $31,495 $51,136
Current-law payroll taxes quintile
Highest $143,114 $236,299 $495,048
Second highest $83,318 $132,081 $278,660
Middle $54,820 $86,805 $208,571
Second lowest $30,892 $60,170 $201,348
Lowest $6,120 $29,559 $155,749
  All other races, non-Hispanic
Subtotal $30,330 $150,462 $500,138
Sex
Female $26,760 $140,626 $529,811
Male $36,731 $156,072 $468,476
Country of birth
United States $28,987 $125,034 $392,818
Other countries $30,538 $165,085 $535,723
Age
31–39 $26,562 $128,594 $359,126
40–49 $24,563 $142,177 $579,938
50–59 $34,035 $171,309 $568,031
60–69 $44,235 $165,377 $510,067
70 or older $60,940 $181,010 $422,034
Marital status
Married $38,500 $177,794 $587,234
Divorced $25,969 $103,666 $304,056
Widowed $26,760 $106,393 $364,528
Never married $22,784 $124,202 $391,413
Highest education level
Graduate $51,136 $235,299 $731,451
Bachelor $35,659 $177,221 $458,848
Associate $25,667 $103,666 $307,241
High school $25,833 $101,283 $322,260
Less than high school $12,584 $63,480 $256,449
Current-law household income quintile
Highest $266,951 $382,878 $848,408
Second highest $158,705 $191,751 $233,780
Middle $103,583 $123,421 $144,456
Second lowest $60,295 $75,460 $92,269
Lowest $6,786 $30,028 $50,709
Current-law payroll taxes quintile
Highest $160,558 $316,005 $765,413
Second highest $85,410 $141,282 $360,719
Middle $54,643 $107,923 $320,325
Second lowest $30,611 $70,818 $233,780
Lowest $6,422 $42,757 $240,576
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: SB PopProfiles 03/06/2024.
NOTE: Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Projected Annual Household Income Distribution in 2050
POPULATION: Current-law payroll taxpayers aged 31 or older (characteristics)
Characteristic Household income (2024 $) at the—
10th percentile Median 90th percentile
  All taxpayers
Total $40,392 $147,514 $435,973
Sex
Female $36,700 $140,155 $419,015
Male $44,143 $154,082 $451,603
Race and ethnicity
Hispanic or Latino, any race $32,885 $118,716 $336,806
White, non-Hispanic $48,593 $163,163 $465,211
Black or African American, non-Hispanic $30,197 $110,658 $327,161
All other races, non-Hispanic $41,047 $197,492 $635,175
Country of birth
United States $42,659 $149,334 $427,553
Other countries $33,112 $138,705 $472,790
Age
31–39 $32,723 $128,127 $361,277
40–49 $36,046 $143,524 $434,658
50–59 $43,061 $153,615 $455,729
60–69 $47,297 $149,379 $460,282
70 or older $66,645 $203,808 $532,770
Marital status
Married $56,469 $179,090 $496,438
Divorced $34,051 $115,373 $342,720
Widowed $39,466 $129,287 $385,217
Never married $26,984 $108,469 $355,434
Highest education level
Graduate $71,885 $233,603 $663,041
Bachelor $62,039 $205,025 $550,064
Associate $40,217 $130,848 $329,933
High school $32,289 $112,536 $301,155
Less than high school $24,458 $94,938 $290,694
Current-law household income quintile
Highest $321,532 $435,973 $880,328
Second highest $192,077 $230,967 $284,851
Middle $122,855 $147,514 $175,450
Second lowest $72,241 $91,634 $111,889
Lowest $11,186 $40,392 $62,273
Current-law payroll taxes quintile
Highest $193,451 $344,009 $784,924
Second highest $110,353 $175,515 $382,736
Middle $71,477 $119,027 $297,042
Second lowest $40,392 $86,724 $254,797
Lowest $11,186 $56,702 $229,212
  Hispanic or Latino, any race
Subtotal $32,885 $118,716 $336,806
Sex
Female $30,689 $116,326 $318,708
Male $35,243 $120,691 $349,696
Country of birth
United States $35,612 $123,891 $335,426
Other countries $28,565 $109,395 $339,682
Age
31–39 $28,461 $112,627 $315,560
40–49 $31,622 $121,378 $339,682
50–59 $36,376 $123,535 $344,287
60–69 $35,003 $107,542 $312,218
70 or older $49,940 $138,866 $416,075
Marital status
Married $43,495 $136,224 $358,103
Divorced $28,824 $99,517 $303,020
Widowed $22,100 $88,726 $295,228
Never married $23,668 $96,071 $307,898
Highest education level
Graduate $53,405 $166,984 $477,667
Bachelor $40,192 $154,295 $453,455
Associate $39,434 $126,501 $311,687
High school $31,661 $114,369 $302,023
Less than high school $25,922 $99,083 $298,344
Current-law household income quintile
Highest $314,718 $398,839 $703,012
Second highest $190,892 $227,437 $285,253
Middle $122,732 $146,153 $174,433
Second lowest $72,131 $90,973 $111,591
Lowest $10,014 $39,609 $61,962
Current-law payroll taxes quintile
Highest $192,434 $316,202 $628,322
Second highest $105,573 $163,979 $340,705
Middle $70,641 $115,801 $276,276
Second lowest $39,919 $84,490 $235,197
Lowest $9,807 $51,371 $200,031
  White, non-Hispanic
Subtotal $48,593 $163,163 $465,211
Sex
Female $44,713 $156,018 $450,333
Male $52,984 $170,061 $481,806
Country of birth
United States $50,128 $164,465 $463,275
Other countries $35,988 $144,975 $497,663
Age
31–39 $38,611 $142,163 $379,174
40–49 $41,940 $156,018 $466,844
50–59 $49,804 $169,316 $486,917
60–69 $56,702 $164,627 $478,108
70 or older $75,706 $216,225 $538,988
Marital status
Married $67,701 $197,557 $526,053
Divorced $36,351 $122,129 $345,725
Widowed $47,375 $144,670 $392,472
Never married $29,264 $114,026 $364,703
Highest education level
Graduate $81,076 $243,922 $658,396
Bachelor $74,832 $219,807 $575,694
Associate $45,691 $138,821 $338,276
High school $35,755 $115,710 $292,702
Less than high school $23,266 $89,477 $269,403
Current-law household income quintile
Highest $322,614 $442,269 $890,270
Second highest $192,239 $231,971 $285,156
Middle $122,893 $148,459 $175,664
Second lowest $72,714 $92,735 $112,174
Lowest $12,190 $41,746 $62,836
Current-law payroll taxes quintile
Highest $193,723 $345,952 $794,717
Second highest $113,249 $183,093 $396,351
Middle $72,941 $125,744 $307,101
Second lowest $42,284 $96,661 $270,524
Lowest $13,317 $68,530 $249,071
  Black or African American, non-Hispanic
Subtotal $30,197 $110,658 $327,161
Sex
Female $28,986 $102,017 $310,689
Male $31,395 $118,955 $346,969
Country of birth
United States $30,366 $108,954 $323,242
Other countries $28,539 $116,487 $351,950
Age
31–39 $24,031 $93,888 $274,728
40–49 $28,118 $108,741 $330,160
50–59 $32,056 $115,658 $350,758
60–69 $35,586 $112,148 $346,917
70 or older $52,207 $154,120 $346,969
Marital status
Married $45,665 $153,447 $395,179
Divorced $29,316 $99,452 $298,162
Widowed $32,114 $112,750 $289,386
Never married $24,173 $93,130 $281,917
Highest education level
Graduate $58,101 $181,856 $458,423
Bachelor $44,551 $147,928 $386,823
Associate $32,341 $100,903 $268,457
High school $24,296 $90,734 $275,168
Less than high school $19,743 $77,974 $258,120
Current-law household income quintile
Highest $317,121 $396,306 $717,249
Second highest $192,861 $229,270 $281,587
Middle $122,725 $145,570 $175,191
Second lowest $71,341 $90,546 $111,591
Lowest $11,115 $39,751 $60,841
Current-law payroll taxes quintile
Highest $180,535 $286,264 $605,639
Second highest $105,211 $151,011 $336,424
Middle $69,417 $99,964 $251,202
Second lowest $37,963 $67,228 $226,763
Lowest $8,556 $39,518 $187,375
  All other races, non-Hispanic
Subtotal $41,047 $197,492 $635,175
Sex
Female $34,181 $175,321 $636,186
Male $48,981 $210,453 $635,175
Country of birth
United States $40,470 $175,735 $595,198
Other countries $41,766 $209,132 $659,860
Age
31–39 $35,683 $165,268 $456,202
40–49 $36,901 $200,634 $676,397
50–59 $43,702 $204,294 $649,361
60–69 $46,105 $192,803 $774,495
70 or older $74,819 $290,603 $766,988
Marital status
Married $50,957 $229,153 $718,136
Divorced $33,339 $155,170 $520,262
Widowed $35,340 $164,970 $467,686
Never married $34,148 $168,222 $552,629
Highest education level
Graduate $66,580 $289,399 $883,210
Bachelor $51,928 $218,239 $606,487
Associate $28,247 $122,175 $386,998
High school $34,550 $138,381 $453,287
Less than high school $17,249 $90,941 $310,081
Current-law household income quintile
Highest $332,356 $477,777 $1,038,101
Second highest $192,919 $235,236 $284,418
Middle $123,379 $146,931 $175,470
Second lowest $71,172 $88,823 $110,224
Lowest $8,608 $36,927 $61,476
Current-law payroll taxes quintile
Highest $201,994 $399,227 $960,011
Second highest $111,701 $173,999 $446,252
Middle $69,799 $117,440 $367,210
Second lowest $38,805 $74,294 $306,784
Lowest $8,259 $44,505 $264,565
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: SB PopProfiles 03/06/2024.
NOTE: Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Projected Annual Household Income Distribution in 2070
POPULATION: Current-law payroll taxpayers aged 31 or older (characteristics)
Characteristic Household income (2024 $) at the—
10th percentile Median 90th percentile
  All taxpayers
Total $50,014 $184,627 $541,332
Sex
Female $45,701 $177,815 $523,919
Male $54,791 $191,697 $557,943
Race and ethnicity
Hispanic or Latino, any race $42,053 $151,784 $431,662
White, non-Hispanic $61,014 $205,434 $575,976
Black or African American, non-Hispanic $37,349 $138,228 $413,394
All other races, non-Hispanic $54,545 $257,931 $776,150
Country of birth
United States $52,868 $185,461 $526,212
Other countries $41,070 $181,285 $604,942
Age
31–39 $41,751 $162,731 $443,186
40–49 $45,479 $183,893 $551,562
50–59 $51,163 $190,874 $576,319
60–69 $57,971 $181,648 $559,720
70 or older $79,096 $253,331 $662,514
Marital status
Married $71,208 $224,298 $607,388
Divorced $42,718 $147,027 $452,985
Widowed $47,136 $164,384 $494,623
Never married $34,330 $141,711 $464,279
Highest education level
Graduate $87,589 $285,392 $788,996
Bachelor $73,699 $261,478 $688,871
Associate $49,688 $163,481 $413,443
High school $40,792 $141,090 $379,213
Less than high school $30,557 $119,993 $365,815
Current-law household income quintile
Highest $401,435 $541,340 $1,066,012
Second highest $241,678 $291,709 $357,229
Middle $154,049 $184,627 $220,561
Second lowest $89,464 $113,644 $139,711
Lowest $12,858 $50,014 $77,327
Current-law payroll taxes quintile
Highest $247,007 $431,247 $950,236
Second highest $139,526 $222,048 $480,991
Middle $89,335 $150,357 $363,981
Second lowest $50,780 $106,264 $315,861
Lowest $12,858 $69,043 $284,824
  Hispanic or Latino, any race
Subtotal $42,053 $151,784 $431,662
Sex
Female $38,538 $150,151 $420,444
Male $45,955 $153,021 $440,659
Country of birth
United States $46,322 $157,395 $433,766
Other countries $35,568 $136,450 $421,827
Age
31–39 $38,196 $147,257 $399,633
40–49 $39,994 $155,367 $458,168
50–59 $46,656 $156,717 $455,387
60–69 $43,787 $138,280 $399,194
70 or older $51,659 $168,810 $464,319
Marital status
Married $55,831 $175,626 $464,557
Divorced $36,499 $123,419 $380,942
Widowed $35,423 $102,713 $359,567
Never married $31,146 $123,286 $389,339
Highest education level
Graduate $68,233 $206,949 $564,053
Bachelor $56,516 $217,457 $639,103
Associate $48,668 $165,371 $410,766
High school $39,893 $139,328 $384,836
Less than high school $32,988 $124,729 $372,913
Current-law household income quintile
Highest $397,428 $507,542 $909,081
Second highest $240,453 $288,597 $355,822
Middle $153,541 $181,817 $219,316
Second lowest $88,887 $112,346 $139,006
Lowest $12,955 $49,543 $76,988
Current-law payroll taxes quintile
Highest $244,649 $400,798 $797,166
Second highest $135,620 $209,303 $428,695
Middle $88,282 $148,640 $343,045
Second lowest $50,574 $102,491 $307,904
Lowest $12,645 $63,691 $256,427
  White, non-Hispanic
Subtotal $61,014 $205,434 $575,976
Sex
Female $55,625 $198,472 $551,437
Male $66,484 $210,686 $596,985
Country of birth
United States $63,360 $207,151 $567,270
Other countries $43,916 $185,763 $648,640
Age
31–39 $49,276 $180,318 $460,232
40–49 $54,702 $203,358 $598,763
50–59 $59,591 $211,891 $606,135
60–69 $69,866 $201,733 $585,920
70 or older $90,632 $264,545 $650,933
Marital status
Married $86,122 $248,321 $639,155
Divorced $47,015 $156,500 $473,518
Widowed $56,798 $191,302 $516,002
Never married $35,515 $144,766 $443,839
Highest education level
Graduate $102,697 $300,617 $788,875
Bachelor $89,927 $275,291 $713,539
Associate $55,516 $173,691 $406,941
High school $44,182 $146,660 $358,047
Less than high school $28,244 $111,871 $324,531
Current-law household income quintile
Highest $402,350 $546,330 $1,078,367
Second highest $242,005 $291,805 $357,298
Middle $154,722 $186,195 $221,230
Second lowest $90,116 $115,627 $140,376
Lowest $14,462 $51,155 $77,911
Current-law payroll taxes quintile
Highest $245,149 $435,511 $961,502
Second highest $142,545 $231,819 $494,442
Middle $92,358 $159,833 $373,832
Second lowest $53,610 $118,316 $324,781
Lowest $15,918 $82,333 $311,988
  Black or African American, non-Hispanic
Subtotal $37,349 $138,228 $413,394
Sex
Female $37,253 $128,155 $379,104
Male $37,672 $152,445 $442,847
Country of birth
United States $37,212 $133,633 $401,524
Other countries $37,672 $168,596 $461,417
Age
31–39 $28,760 $118,268 $378,903
40–49 $34,661 $136,850 $413,443
50–59 $42,944 $145,782 $413,959
60–69 $42,049 $136,237 $409,376
70 or older $64,880 $200,984 $507,219
Marital status
Married $57,386 $197,481 $509,355
Divorced $40,256 $132,843 $387,670
Widowed $41,300 $134,322 $460,736
Never married $29,352 $116,405 $359,624
Highest education level
Graduate $60,680 $220,968 $541,457
Bachelor $57,886 $184,852 $461,623
Associate $41,574 $126,914 $372,167
High school $30,763 $110,335 $341,046
Less than high school $21,105 $104,942 $363,646
Current-law household income quintile
Highest $394,748 $493,752 $823,000
Second highest $240,272 $288,008 $356,802
Middle $153,420 $184,240 $218,933
Second lowest $89,339 $111,641 $138,438
Lowest $11,480 $49,401 $77,141
Current-law payroll taxes quintile
Highest $227,796 $370,196 $666,758
Second highest $133,097 $197,835 $419,086
Middle $84,139 $124,737 $317,840
Second lowest $47,060 $84,397 $257,173
Lowest $8,533 $49,176 $221,266
  All other races, non-Hispanic
Subtotal $54,545 $257,931 $776,150
Sex
Female $44,492 $237,523 $778,274
Male $65,883 $276,158 $773,219
Country of birth
United States $54,956 $230,860 $745,411
Other countries $54,545 $277,802 $796,425
Age
31–39 $42,896 $201,798 $563,521
40–49 $52,396 $256,040 $787,823
50–59 $56,697 $298,202 $831,170
60–69 $63,304 $243,303 $828,131
70 or older $88,573 $357,036 $929,610
Marital status
Married $67,782 $293,893 $857,141
Divorced $40,929 $216,784 $648,301
Widowed $50,840 $223,798 $613,060
Never married $47,249 $231,263 $708,936
Highest education level
Graduate $86,457 $352,255 $1,025,068
Bachelor $61,635 $292,035 $745,741
Associate $43,593 $149,796 $492,942
High school $48,470 $183,828 $527,591
Less than high school $22,008 $96,203 $383,849
Current-law household income quintile
Highest $409,166 $587,073 $1,223,951
Second highest $245,105 $298,589 $359,998
Middle $153,988 $185,787 $221,625
Second lowest $89,000 $111,838 $139,873
Lowest $9,444 $47,531 $76,452
Current-law payroll taxes quintile
Highest $260,950 $474,937 $1,102,294
Second highest $142,456 $231,867 $579,378
Middle $87,617 $144,210 $455,500
Second lowest $48,188 $97,860 $380,793
Lowest $8,707 $60,478 $317,800
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: SB PopProfiles 03/06/2024.
NOTE: Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Projected Household Wealth Distribution in 2024
POPULATION: Current-law payroll taxpayers aged 31 or older (characteristics)
Characteristic Household wealth (2024 $) at the—
10th percentile Median 90th percentile
  All taxpayers
Total $3,000 $146,678 $1,254,085
Sex
Female $2,073 $134,208 $1,202,098
Male $4,134 $157,988 $1,304,428
Race and ethnicity
Hispanic or Latino, any race $0 $53,519 $464,419
White, non-Hispanic $12,066 $216,859 $1,568,126
Black or African American, non-Hispanic $0 $57,023 $526,276
All other races, non-Hispanic $5,088 $201,822 $1,756,916
Country of birth
United States $4,428 $166,756 $1,309,641
Other countries $0 $83,603 $1,001,310
Age
31–39 $0 $64,834 $481,335
40–49 $2,892 $115,992 $860,563
50–59 $11,373 $233,946 $1,539,800
60–69 $16,202 $338,318 $2,285,616
70 or older $19,172 $458,436 $3,387,411
Marital status
Married $12,974 $223,056 $1,629,705
Divorced $0 $91,926 $843,179
Widowed $4,219 $165,969 $1,268,448
Never married $0 $50,772 $534,423
Highest education level
Graduate $41,028 $435,720 $2,614,805
Bachelor $28,270 $360,598 $2,069,020
Associate $4,023 $129,273 $887,244
High school $0 $81,367 $614,457
Less than high school $0 $27,827 $241,678
Current-law household income quintile
Highest $129,035 $929,866 $3,757,536
Second highest $37,334 $307,279 $1,136,537
Middle $14,699 $148,211 $633,289
Second lowest $2,138 $67,999 $352,646
Lowest $0 $20,147 $154,753
Current-law payroll taxes quintile
Highest $92,937 $539,348 $2,579,918
Second highest $21,536 $198,139 $1,195,743
Middle $4,745 $100,834 $793,729
Second lowest $0 $69,287 $729,605
Lowest $0 $52,931 $797,717
  Hispanic or Latino, any race
Subtotal $0 $53,519 $464,419
Sex
Female $0 $51,995 $457,586
Male $0 $55,170 $473,540
Country of birth
United States $0 $70,045 $560,406
Other countries $0 $42,186 $393,903
Age
31–39 $0 $31,544 $264,279
40–49 $0 $48,130 $427,468
50–59 $1,756 $88,521 $599,485
60–69 $3,000 $106,126 $946,438
70 or older $0 $133,769 $1,319,327
Marital status
Married $2,274 $79,318 $558,219
Divorced $0 $29,870 $446,872
Widowed $0 $39,967 $349,498
Never married $0 $21,093 $213,717
Highest education level
Graduate $12,303 $165,049 $1,316,223
Bachelor $6,487 $155,545 $1,101,761
Associate $0 $80,883 $599,485
High school $0 $52,015 $396,471
Less than high school $0 $26,665 $226,106
Current-law household income quintile
Highest $12,289 $323,513 $1,678,608
Second highest $6,010 $142,581 $649,043
Middle $2,137 $79,101 $392,105
Second lowest $0 $41,527 $263,612
Lowest $0 $13,468 $114,304
Current-law payroll taxes quintile
Highest $33,444 $281,033 $1,254,019
Second highest $6,932 $105,989 $523,094
Middle $0 $56,431 $382,955
Second lowest $0 $34,490 $314,468
Lowest $0 $21,307 $291,091
  White, non-Hispanic
Subtotal $12,066 $216,859 $1,568,126
Sex
Female $9,750 $200,888 $1,498,800
Male $14,791 $229,852 $1,632,250
Country of birth
United States $12,563 $221,681 $1,576,906
Other countries $5,818 $153,974 $1,505,091
Age
31–39 $2,000 $92,214 $562,351
40–49 $11,117 $169,543 $1,023,552
50–59 $27,527 $328,336 $1,828,727
60–69 $34,466 $442,319 $2,669,277
70 or older $28,820 $553,348 $3,970,381
Marital status
Married $26,544 $298,298 $1,935,195
Divorced $2,000 $120,640 $1,003,400
Widowed $15,206 $231,596 $1,596,677
Never married $1,107 $86,168 $712,897
Highest education level
Graduate $55,257 $492,736 $2,819,161
Bachelor $47,276 $442,313 $2,292,621
Associate $9,975 $163,931 $1,018,379
High school $3,000 $114,827 $789,315
Less than high school $0 $41,442 $318,784
Current-law household income quintile
Highest $209,375 $1,099,107 $4,174,850
Second highest $70,781 $370,334 $1,248,137
Middle $26,689 $182,816 $728,103
Second lowest $6,729 $87,488 $407,564
Lowest $0 $29,623 $184,511
Current-law payroll taxes quintile
Highest $110,837 $597,756 $2,790,830
Second highest $34,758 $248,010 $1,352,359
Middle $12,376 $138,550 $993,959
Second lowest $2,545 $111,531 $1,012,119
Lowest $6 $98,910 $1,157,966
  Black or African American, non-Hispanic
Subtotal $0 $57,023 $526,276
Sex
Female $0 $47,229 $422,317
Male $0 $73,205 $613,041
Country of birth
United States $0 $54,262 $506,032
Other countries $0 $81,149 $602,433
Age
31–39 $0 $21,576 $247,858
40–49 $0 $53,097 $409,952
50–59 $2,090 $120,049 $765,577
60–69 $656 $128,530 $852,208
70 or older $2,537 $106,822 $877,353
Marital status
Married $3,000 $139,463 $850,165
Divorced $0 $39,852 $368,660
Widowed $599 $73,310 $416,493
Never married $0 $22,057 $277,602
Highest education level
Graduate $11,387 $292,739 $1,498,987
Bachelor $7,847 $150,824 $938,390
Associate $0 $59,719 $432,073
High school $0 $28,817 $263,827
Less than high school $0 $7,759 $124,918
Current-law household income quintile
Highest $14,832 $378,139 $1,723,468
Second highest $12,432 $184,914 $780,963
Middle $4,382 $92,937 $419,557
Second lowest $0 $42,303 $231,962
Lowest $0 $8,409 $106,135
Current-law payroll taxes quintile
Highest $58,805 $307,409 $1,231,729
Second highest $7,847 $119,064 $623,186
Middle $0 $52,281 $335,750
Second lowest $0 $23,734 $317,452
Lowest $0 $13,373 $229,828
  All other races, non-Hispanic
Subtotal $5,088 $201,822 $1,756,916
Sex
Female $4,022 $196,219 $1,847,692
Male $6,602 $204,822 $1,698,320
Country of birth
United States $5,387 $168,706 $1,184,431
Other countries $4,954 $226,777 $2,043,497
Age
31–39 $0 $85,141 $851,752
40–49 $6,624 $183,595 $1,342,105
50–59 $10,158 $336,793 $2,411,783
60–69 $12,201 $352,808 $2,280,837
70 or older $31,030 $398,737 $2,469,901
Marital status
Married $8,991 $313,423 $2,199,989
Divorced $1,735 $108,929 $922,297
Widowed $4,491 $192,327 $1,810,909
Never married $1,716 $90,081 $901,456
Highest education level
Graduate $28,935 $571,730 $3,164,306
Bachelor $13,995 $312,549 $1,820,881
Associate $1,783 $80,882 $704,332
High school $0 $96,043 $760,700
Less than high school $0 $29,460 $238,333
Current-law household income quintile
Highest $184,422 $995,252 $3,881,616
Second highest $22,676 $302,934 $1,136,537
Middle $11,373 $177,967 $701,379
Second lowest $323 $66,527 $355,811
Lowest $0 $26,458 $167,397
Current-law payroll taxes quintile
Highest $125,404 $695,715 $3,297,721
Second highest $15,019 $223,239 $1,424,537
Middle $8,476 $97,009 $889,991
Second lowest $0 $66,762 $779,457
Lowest $0 $49,985 $771,384
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: SB PopProfiles 03/06/2024.
NOTE: Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Projected Household Wealth Distribution in 2030
POPULATION: Current-law payroll taxpayers aged 31 or older (characteristics)
Characteristic Household wealth (2024 $) at the—
10th percentile Median 90th percentile
  All taxpayers
Total $2,865 $163,832 $1,375,922
Sex
Female $1,752 $149,689 $1,328,342
Male $4,801 $177,876 $1,424,131
Race and ethnicity
Hispanic or Latino, any race $0 $64,074 $545,852
White, non-Hispanic $14,074 $244,700 $1,703,031
Black or African American, non-Hispanic $0 $63,715 $609,483
All other races, non-Hispanic $4,882 $213,519 $2,057,747
Country of birth
United States $4,983 $185,114 $1,414,524
Other countries $0 $96,855 $1,185,610
Age
31–39 $0 $66,526 $501,617
40–49 $2,602 $139,262 $1,024,147
50–59 $9,727 $228,708 $1,556,173
60–69 $20,644 $368,768 $2,419,094
70 or older $29,195 $524,702 $3,544,556
Marital status
Married $15,511 $252,191 $1,745,698
Divorced $0 $105,744 $952,747
Widowed $5,519 $182,332 $1,389,833
Never married $0 $58,348 $633,092
Highest education level
Graduate $38,769 $461,830 $2,859,332
Bachelor $31,908 $416,003 $2,322,552
Associate $4,333 $140,236 $910,030
High school $0 $88,866 $636,752
Less than high school $0 $31,885 $268,547
Current-law household income quintile
Highest $139,757 $1,013,491 $4,207,373
Second highest $41,151 $347,130 $1,296,651
Middle $14,877 $166,260 $682,624
Second lowest $1,957 $78,860 $375,437
Lowest $0 $23,686 $166,724
Current-law payroll taxes quintile
Highest $96,855 $589,271 $2,991,158
Second highest $24,452 $226,115 $1,308,481
Middle $4,492 $113,425 $857,938
Second lowest $0 $76,000 $765,911
Lowest $0 $59,551 $823,892
  Hispanic or Latino, any race
Subtotal $0 $64,074 $545,852
Sex
Female $0 $58,217 $529,582
Male $0 $67,577 $554,627
Country of birth
United States $0 $77,644 $627,213
Other countries $0 $52,638 $447,078
Age
31–39 $0 $31,927 $264,782
40–49 $0 $62,383 $468,488
50–59 $1,312 $98,805 $739,106
60–69 $3,979 $146,454 $929,306
70 or older $4,397 $149,534 $1,454,837
Marital status
Married $2,403 $96,911 $666,460
Divorced $0 $39,911 $471,816
Widowed $0 $56,232 $431,631
Never married $0 $24,239 $260,817
Highest education level
Graduate $13,850 $190,465 $1,389,833
Bachelor $5,235 $180,913 $1,289,702
Associate $0 $94,006 $649,994
High school $0 $59,580 $431,631
Less than high school $0 $30,440 $254,745
Current-law household income quintile
Highest $19,370 $394,311 $1,985,171
Second highest $3,094 $160,583 $806,782
Middle $1,735 $96,565 $438,750
Second lowest $0 $50,182 $275,953
Lowest $0 $16,223 $119,987
Current-law payroll taxes quintile
Highest $45,550 $328,422 $1,425,575
Second highest $4,834 $114,794 $688,695
Middle $0 $62,397 $386,044
Second lowest $0 $39,500 $379,469
Lowest $0 $29,091 $313,526
  White, non-Hispanic
Subtotal $14,074 $244,700 $1,703,031
Sex
Female $10,974 $226,538 $1,641,985
Male $17,332 $259,817 $1,770,433
Country of birth
United States $15,108 $249,583 $1,703,633
Other countries $6,204 $176,252 $1,664,814
Age
31–39 $1,735 $100,858 $595,567
40–49 $14,739 $201,230 $1,208,406
50–59 $28,321 $324,616 $1,862,891
60–69 $40,851 $469,309 $2,721,938
70 or older $44,615 $656,126 $4,064,986
Marital status
Married $32,322 $331,638 $2,086,641
Divorced $3,771 $142,877 $1,155,041
Widowed $16,628 $270,829 $1,652,688
Never married $1,735 $100,770 $883,147
Highest education level
Graduate $54,388 $526,812 $2,952,607
Bachelor $54,388 $506,273 $2,666,615
Associate $12,203 $178,567 $1,051,754
High school $2,602 $125,907 $801,621
Less than high school $0 $46,914 $326,590
Current-law household income quintile
Highest $226,186 $1,181,698 $4,520,574
Second highest $82,640 $427,460 $1,404,419
Middle $31,335 $208,694 $786,238
Second lowest $8,017 $101,478 $416,795
Lowest $0 $32,886 $200,829
Current-law payroll taxes quintile
Highest $122,158 $660,981 $3,199,805
Second highest $39,152 $278,320 $1,510,916
Middle $13,842 $161,300 $1,093,197
Second lowest $2,925 $123,440 $1,119,647
Lowest $851 $108,425 $1,158,861
  Black or African American, non-Hispanic
Subtotal $0 $63,715 $609,483
Sex
Female $0 $51,061 $490,614
Male $0 $81,173 $733,439
Country of birth
United States $0 $60,726 $596,096
Other countries $0 $84,381 $754,746
Age
31–39 $0 $22,694 $247,291
40–49 $0 $58,950 $512,608
50–59 $593 $95,197 $746,960
60–69 $2,675 $169,318 $1,066,326
70 or older $1,877 $157,255 $1,153,174
Marital status
Married $3,386 $156,991 $1,013,657
Divorced $0 $49,587 $441,707
Widowed $0 $77,466 $505,898
Never married $0 $27,080 $333,784
Highest education level
Graduate $10,227 $286,931 $1,430,155
Bachelor $9,992 $181,063 $1,045,708
Associate $0 $56,495 $424,547
High school $0 $33,592 $324,279
Less than high school $0 $11,895 $142,198
Current-law household income quintile
Highest $16,335 $475,666 $1,847,369
Second highest $9,036 $207,144 $858,765
Middle $1,903 $99,141 $474,557
Second lowest $0 $45,987 $244,654
Lowest $0 $10,100 $112,356
Current-law payroll taxes quintile
Highest $52,994 $355,956 $1,373,075
Second highest $6,466 $125,537 $724,934
Middle $0 $61,554 $427,362
Second lowest $0 $27,000 $297,522
Lowest $0 $17,664 $311,993
  All other races, non-Hispanic
Subtotal $4,882 $213,519 $2,057,747
Sex
Female $2,741 $207,251 $2,140,098
Male $8,287 $220,313 $1,924,414
Country of birth
United States $5,481 $199,983 $1,389,061
Other countries $4,239 $222,887 $2,516,298
Age
31–39 $0 $80,011 $647,155
40–49 $6,815 $204,996 $1,726,188
50–59 $13,471 $350,244 $2,829,008
60–69 $18,058 $488,408 $3,580,421
70 or older $40,401 $590,025 $2,345,716
Marital status
Married $12,376 $330,672 $2,950,752
Divorced $0 $121,220 $1,063,611
Widowed $1,910 $216,376 $1,719,224
Never married $1,735 $116,428 $1,137,526
Highest education level
Graduate $30,940 $524,658 $3,631,539
Bachelor $13,776 $362,311 $2,162,102
Associate $1,466 $81,713 $707,575
High school $0 $110,443 $761,729
Less than high school $0 $33,762 $298,797
Current-law household income quintile
Highest $138,798 $1,171,795 $4,603,014
Second highest $34,068 $328,989 $1,201,480
Middle $5,832 $149,888 $707,575
Second lowest $1,735 $80,214 $423,755
Lowest $0 $32,271 $207,763
Current-law payroll taxes quintile
Highest $91,426 $748,037 $3,711,939
Second highest $21,761 $201,762 $1,823,974
Middle $3,626 $123,274 $1,345,496
Second lowest $245 $78,280 $855,918
Lowest $0 $63,596 $905,830
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: SB PopProfiles 03/06/2024.
NOTE: Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Projected Household Wealth Distribution in 2050
POPULATION: Current-law payroll taxpayers aged 31 or older (characteristics)
Characteristic Household wealth (2024 $) at the—
10th percentile Median 90th percentile
  All taxpayers
Total $4,053 $203,626 $1,716,511
Sex
Female $1,753 $190,298 $1,600,246
Male $6,933 $216,832 $1,822,937
Race and ethnicity
Hispanic or Latino, any race $0 $86,847 $727,774
White, non-Hispanic $19,551 $320,337 $2,150,552
Black or African American, non-Hispanic $0 $78,579 $814,374
All other races, non-Hispanic $9,587 $306,666 $3,060,131
Country of birth
United States $6,224 $225,069 $1,763,827
Other countries $274 $135,466 $1,534,670
Age
31–39 $0 $80,803 $632,053
40–49 $3,122 $162,764 $1,186,472
50–59 $10,779 $282,100 $1,969,470
60–69 $25,076 $455,595 $3,080,302
70 or older $43,104 $616,050 $3,588,373
Marital status
Married $19,227 $307,491 $2,084,469
Divorced $0 $144,538 $1,403,352
Widowed $11,902 $253,576 $1,907,062
Never married $0 $91,903 $1,093,002
Highest education level
Graduate $46,439 $591,431 $3,553,278
Bachelor $36,415 $479,797 $2,855,452
Associate $4,590 $165,887 $1,036,065
High school $0 $104,838 $775,175
Less than high school $0 $43,246 $380,605
Current-law household income quintile
Highest $148,804 $1,170,165 $5,405,640
Second highest $42,092 $413,670 $1,657,950
Middle $16,282 $206,765 $899,811
Second lowest $2,349 $98,695 $505,044
Lowest $0 $32,292 $238,305
Current-law payroll taxes quintile
Highest $118,884 $759,213 $3,867,819
Second highest $27,216 $279,058 $1,634,887
Middle $5,180 $138,539 $1,090,114
Second lowest $0 $95,179 $933,647
Lowest $0 $81,466 $961,428
  Hispanic or Latino, any race
Subtotal $0 $86,847 $727,774
Sex
Female $0 $82,901 $695,557
Male $0 $90,259 $756,874
Country of birth
United States $0 $99,568 $790,420
Other countries $0 $66,208 $579,006
Age
31–39 $0 $45,589 $358,419
40–49 $0 $81,052 $603,241
50–59 $1,080 $124,617 $949,355
60–69 $1,699 $171,920 $1,279,349
70 or older $9,994 $223,577 $1,616,899
Marital status
Married $5,182 $134,202 $864,991
Divorced $0 $51,685 $629,713
Widowed $196 $83,912 $574,354
Never married $0 $38,882 $453,452
Highest education level
Graduate $16,494 $238,414 $1,455,940
Bachelor $13,698 $257,639 $1,511,262
Associate $0 $104,319 $746,608
High school $0 $77,995 $607,370
Less than high school $0 $42,307 $364,072
Current-law household income quintile
Highest $27,221 $489,943 $2,398,887
Second highest $9,792 $209,393 $978,160
Middle $2,948 $121,272 $616,056
Second lowest $0 $61,940 $358,900
Lowest $0 $22,186 $170,647
Current-law payroll taxes quintile
Highest $56,419 $405,241 $1,816,272
Second highest $10,536 $148,532 $796,971
Middle $0 $74,549 $516,299
Second lowest $0 $54,979 $492,766
Lowest $0 $41,494 $457,158
  White, non-Hispanic
Subtotal $19,551 $320,337 $2,150,552
Sex
Female $15,503 $302,711 $2,009,756
Male $23,666 $337,877 $2,279,839
Country of birth
United States $20,667 $329,737 $2,173,628
Other countries $10,775 $223,527 $1,894,059
Age
31–39 $2,521 $122,864 $785,020
40–49 $15,962 $245,479 $1,454,773
50–59 $30,057 $411,175 $2,341,565
60–69 $55,292 $602,092 $3,407,135
70 or older $74,988 $758,161 $3,920,733
Marital status
Married $38,383 $424,923 $2,437,846
Divorced $8,296 $207,638 $1,718,893
Widowed $32,016 $363,347 $2,234,183
Never married $4,166 $166,508 $1,466,675
Highest education level
Graduate $78,031 $721,433 $3,699,162
Bachelor $65,776 $615,825 $3,195,781
Associate $15,642 $231,880 $1,242,430
High school $4,589 $153,909 $923,658
Less than high school $0 $66,860 $520,703
Current-law household income quintile
Highest $294,400 $1,468,863 $5,949,727
Second highest $91,557 $540,344 $1,861,875
Middle $34,285 $271,982 $1,028,145
Second lowest $11,587 $140,300 $598,728
Lowest $0 $49,509 $291,816
Current-law payroll taxes quintile
Highest $159,768 $864,719 $4,025,605
Second highest $45,679 $369,792 $1,976,069
Middle $18,243 $222,534 $1,458,086
Second lowest $6,437 $168,006 $1,372,125
Lowest $1,080 $153,174 $1,327,690
  Black or African American, non-Hispanic
Subtotal $0 $78,579 $814,374
Sex
Female $0 $67,642 $651,787
Male $0 $93,585 $992,825
Country of birth
United States $0 $79,064 $843,300
Other countries $0 $74,567 $632,165
Age
31–39 $0 $34,161 $305,769
40–49 $0 $67,627 $556,756
50–59 $0 $118,275 $1,009,175
60–69 $1,257 $204,220 $1,542,790
70 or older $1,478 $204,717 $1,385,557
Marital status
Married $4,100 $175,527 $1,289,441
Divorced $0 $66,410 $728,567
Widowed $1,428 $117,519 $907,390
Never married $0 $49,152 $486,536
Highest education level
Graduate $16,055 $312,665 $1,803,017
Bachelor $8,216 $206,066 $1,316,674
Associate $0 $72,685 $509,197
High school $0 $40,091 $417,373
Less than high school $0 $16,204 $216,537
Current-law household income quintile
Highest $26,046 $581,324 $2,570,616
Second highest $3,850 $242,645 $1,225,275
Middle $1,251 $132,954 $677,847
Second lowest $0 $61,935 $354,674
Lowest $0 $15,990 $160,806
Current-law payroll taxes quintile
Highest $61,357 $426,328 $1,931,157
Second highest $7,099 $152,324 $881,726
Middle $0 $71,056 $517,084
Second lowest $0 $39,102 $389,768
Lowest $0 $21,962 $424,145
  All other races, non-Hispanic
Subtotal $9,587 $306,666 $3,060,131
Sex
Female $6,522 $264,316 $2,970,353
Male $13,452 $351,149 $3,131,604
Country of birth
United States $9,733 $292,901 $2,927,670
Other countries $9,424 $320,964 $3,127,609
Age
31–39 $0 $144,022 $1,076,184
40–49 $10,588 $260,629 $2,189,116
50–59 $16,065 $370,607 $3,731,640
60–69 $31,734 $658,408 $6,105,801
70 or older $64,486 $1,188,441 $6,009,420
Marital status
Married $15,540 $424,913 $3,734,182
Divorced $166 $186,803 $2,387,008
Widowed $22,589 $343,906 $2,723,669
Never married $7,071 $204,962 $2,347,572
Highest education level
Graduate $41,590 $694,174 $5,074,564
Bachelor $22,022 $423,791 $3,266,333
Associate $1,080 $116,857 $838,016
High school $1,298 $164,432 $1,447,099
Less than high school $0 $26,848 $303,726
Current-law household income quintile
Highest $185,968 $1,356,149 $6,788,336
Second highest $40,991 $424,915 $1,777,409
Middle $8,157 $193,454 $924,743
Second lowest $1,507 $93,683 $558,347
Lowest $0 $42,738 $279,239
Current-law payroll taxes quintile
Highest $128,368 $938,050 $5,426,044
Second highest $21,638 $270,860 $2,307,573
Middle $4,271 $141,771 $1,413,828
Second lowest $0 $86,275 $1,013,451
Lowest $0 $94,894 $1,318,600
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: SB PopProfiles 03/06/2024.
NOTE: Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Projected Household Wealth Distribution in 2070
POPULATION: Current-law payroll taxpayers aged 31 or older (characteristics)
Characteristic Household wealth (2024 $) at the—
10th percentile Median 90th percentile
  All taxpayers
Total $5,167 $245,060 $2,177,627
Sex
Female $2,542 $227,552 $2,048,368
Male $7,931 $262,560 $2,282,917
Race and ethnicity
Hispanic or Latino, any race $0 $118,526 $972,947
White, non-Hispanic $23,900 $397,856 $2,786,581
Black or African American, non-Hispanic $0 $98,384 $1,003,795
All other races, non-Hispanic $14,177 $414,816 $3,662,033
Country of birth
United States $7,206 $265,912 $2,213,495
Other countries $672 $178,293 $2,000,590
Age
31–39 $0 $97,070 $723,478
40–49 $3,579 $196,284 $1,466,986
50–59 $13,953 $341,735 $2,445,837
60–69 $26,523 $533,245 $3,638,561
70 or older $50,890 $833,777 $5,079,632
Marital status
Married $23,612 $361,417 $2,521,040
Divorced $269 $190,908 $1,874,591
Widowed $12,574 $333,594 $2,679,901
Never married $0 $118,456 $1,477,746
Highest education level
Graduate $52,895 $694,973 $4,289,480
Bachelor $45,585 $596,868 $3,668,889
Associate $5,256 $198,930 $1,288,388
High school $0 $123,981 $940,585
Less than high school $0 $56,001 $496,215
Current-law household income quintile
Highest $159,730 $1,484,583 $6,706,836
Second highest $50,878 $495,455 $2,053,845
Middle $19,285 $247,926 $1,143,744
Second lowest $1,662 $117,792 $646,654
Lowest $0 $41,004 $305,395
Current-law payroll taxes quintile
Highest $141,387 $929,522 $4,750,878
Second highest $33,527 $339,197 $2,123,571
Middle $7,258 $169,537 $1,301,055
Second lowest $0 $115,865 $1,175,327
Lowest $0 $92,054 $1,133,579
  Hispanic or Latino, any race
Subtotal $0 $118,526 $972,947
Sex
Female $0 $114,079 $930,969
Male $0 $122,537 $1,021,512
Country of birth
United States $0 $138,182 $1,069,685
Other countries $0 $82,384 $740,381
Age
31–39 $0 $59,677 $461,566
40–49 $0 $118,051 $864,143
50–59 $2,351 $180,249 $1,240,438
60–69 $8,557 $235,599 $1,696,390
70 or older $9,777 $277,735 $1,883,893
Marital status
Married $9,431 $188,079 $1,205,657
Divorced $0 $76,232 $825,906
Widowed $0 $98,615 $688,543
Never married $0 $55,411 $602,570
Highest education level
Graduate $19,731 $298,822 $2,116,176
Bachelor $23,552 $383,868 $2,199,731
Associate $0 $146,862 $962,311
High school $0 $98,641 $745,735
Less than high school $0 $55,738 $469,204
Current-law household income quintile
Highest $31,203 $614,548 $3,178,679
Second highest $14,658 $275,340 $1,342,766
Middle $4,249 $153,050 $790,093
Second lowest $0 $80,667 $481,432
Lowest $0 $30,135 $251,427
Current-law payroll taxes quintile
Highest $88,306 $562,424 $2,504,981
Second highest $14,662 $198,400 $1,046,122
Middle $397 $107,889 $723,629
Second lowest $0 $72,186 $612,291
Lowest $0 $51,169 $569,936
  White, non-Hispanic
Subtotal $23,900 $397,856 $2,786,581
Sex
Female $19,943 $381,049 $2,652,462
Male $28,690 $414,071 $2,889,989
Country of birth
United States $25,784 $410,333 $2,815,260
Other countries $12,165 $278,645 $2,575,450
Age
31–39 $3,885 $149,850 $871,388
40–49 $19,633 $302,064 $1,816,016
50–59 $41,252 $504,875 $2,987,530
60–69 $58,376 $763,907 $4,205,152
70 or older $103,347 $1,022,684 $5,255,294
Marital status
Married $46,845 $503,896 $3,075,492
Divorced $11,216 $303,859 $2,581,289
Widowed $36,007 $539,404 $3,040,265
Never married $4,761 $206,697 $1,853,657
Highest education level
Graduate $84,722 $847,424 $4,690,571
Bachelor $78,421 $749,265 $4,104,980
Associate $16,786 $273,258 $1,543,822
High school $6,448 $180,447 $1,157,264
Less than high school $0 $86,187 $629,916
Current-law household income quintile
Highest $341,755 $1,908,145 $7,671,658
Second highest $102,935 $650,380 $2,405,946
Middle $47,555 $347,797 $1,334,620
Second lowest $11,793 $166,776 $799,866
Lowest $0 $59,981 $371,409
Current-law payroll taxes quintile
Highest $184,247 $1,057,198 $5,218,151
Second highest $56,375 $455,933 $2,611,129
Middle $23,202 $270,322 $1,802,129
Second lowest $7,607 $209,703 $1,657,019
Lowest $672 $178,509 $1,689,543
  Black or African American, non-Hispanic
Subtotal $0 $98,384 $1,003,795
Sex
Female $0 $84,495 $826,788
Male $0 $119,490 $1,258,256
Country of birth
United States $0 $99,991 $1,049,528
Other countries $0 $86,107 $865,514
Age
31–39 $0 $45,604 $442,154
40–49 $0 $76,450 $682,025
50–59 $333 $147,628 $1,133,590
60–69 $746 $213,356 $1,674,878
70 or older $17,117 $356,345 $2,447,372
Marital status
Married $3,953 $212,494 $1,519,744
Divorced $0 $110,120 $1,022,323
Widowed $7,755 $172,546 $1,298,603
Never married $0 $63,212 $716,485
Highest education level
Graduate $17,560 $412,072 $2,322,089
Bachelor $12,743 $272,941 $1,636,225
Associate $0 $84,631 $617,299
High school $0 $50,861 $524,899
Less than high school $0 $18,405 $277,607
Current-law household income quintile
Highest $25,247 $714,618 $3,517,296
Second highest $10,246 $308,538 $1,292,096
Middle $3,622 $169,995 $947,960
Second lowest $0 $71,531 $458,237
Lowest $0 $22,843 $206,953
Current-law payroll taxes quintile
Highest $77,617 $569,457 $2,607,713
Second highest $11,162 $206,748 $1,228,455
Middle $0 $83,375 $683,633
Second lowest $0 $46,378 $524,649
Lowest $0 $29,750 $527,894
  All other races, non-Hispanic
Subtotal $14,177 $414,816 $3,662,033
Sex
Female $10,174 $366,379 $3,555,375
Male $19,827 $468,551 $3,723,537
Country of birth
United States $13,991 $381,698 $3,874,600
Other countries $14,601 $444,671 $3,533,252
Age
31–39 $1,045 $164,561 $1,223,335
40–49 $11,322 $330,948 $2,484,183
50–59 $17,037 $558,513 $3,837,091
60–69 $60,250 $876,437 $6,044,730
70 or older $80,653 $1,416,885 $8,378,495
Marital status
Married $22,946 $529,241 $4,027,745
Divorced $577 $246,839 $2,702,707
Widowed $11,103 $479,794 $3,622,539
Never married $12,229 $330,126 $3,524,794
Highest education level
Graduate $57,096 $862,573 $5,936,491
Bachelor $29,978 $585,871 $3,914,849
Associate $2,648 $156,172 $1,332,107
High school $672 $199,450 $1,783,698
Less than high school $0 $41,493 $470,378
Current-law household income quintile
Highest $246,331 $1,813,842 $7,601,687
Second highest $68,561 $537,743 $2,205,013
Middle $18,946 $252,306 $1,257,834
Second lowest $3,780 $122,816 $605,163
Lowest $0 $50,543 $369,807
Current-law payroll taxes quintile
Highest $166,697 $1,187,553 $5,936,491
Second highest $41,771 $403,528 $3,005,717
Middle $6,751 $193,698 $1,872,917
Second lowest $1,008 $135,858 $1,665,642
Lowest $0 $100,120 $1,360,294
SOURCE: SSA Office of Research, Evaluation, and Statistics, MINT 8.23. Run ID: SB PopProfiles 03/06/2024.
NOTE: Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.