Created on May 22, 2013
Difference compared to 2013
MAXIMUM WAGE RETIREE
AVERAGE RETIRED WORKER
MONTHLY BENEFIT PAYMENTS
MINIMUM WAGE RETIREE
2023 Current Index
2023 Chained CPI
Note: A maximum wage retiree is a worker who earned the Social Security taxable maximum income or higher in each of his or her working years. In 2011, the taxable maximum income was $106,800.
Source: Heritage Foundation calculations based on data from the Social Security Administration; U.S. Department of Labor, Bureau of Labor Statistics; and Congressional Budget Office forecasts.
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