Projections of Economic Well-Being for Social Security Beneficiaries in 2022 and 2062

by Barbara A. Butrica, David B. Cashin, and Cori E. Uccello
Social Security Bulletin, Vol. 66, No. 4, 2005/2006

Table equivalent for Chart 1. Projected poverty rates for Social Security beneficiaries aged 62 or older, by marital status, 2022 and 2062 (in percent)
Marital status	2022	2062
Marital status	2022	Current-law scheduled benefits	Current-law payable benefits
Never married	8.6	4.2	11.5
Married	1.2	0.3	0.9
Widowed	3.4	0.5	3.0
Divorced	4.8	1.1	3.5
SOURCE: Urban Institute tabulations of the expanded version of the Modeling Income in the Near Term model (MINTEX).

Table equivalent for Chart 2. Projected median income replacement rates for Social Security beneficiaries aged 62 or older, by quintile of shared lifetime earnings, 2022 and 2062 (in percent)
Quintile of shared lifetime earnings	2022	2062
Quintile of shared lifetime earnings	2022	Current-law scheduled benefits	Current-law payable benefits
Lowest	119	109	87
2nd	81	78	64
3rd	77	73	63
4th	79	75	67
Highest	89	94	88
SOURCE: Urban Institute tabulations of the expanded version of the Modeling Income in the Near Term model (MINTEX).

Table equivalent for Chart 3. Projected median Social Security dependence ratios for Social Security beneficiaries aged 62 or older, by quintile of shared lifetime earnings, 2022 and 2062 (in percent)
Quintile of shared lifetime earnings	2022	2062
Quintile of shared lifetime earnings	2022	Current-law scheduled benefits	Current-law payable benefits
Lowest	52	62	53
2nd	48	51	42
3rd	43	47	38
4th	37	38	30
Highest	25	21	16
SOURCE: Urban Institute tabulations of the expanded version of the Modeling Income in the Near Term model (MINTEX).