Research, Statistics & Policy Analysis
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.
|