List of Assumptions
Underlying the RISE Proposal

Current number of U.S. households:

128,451,000

Average Number of People Per Household

2.52

Median Personal Income

$38,761

Median Income of a 20-Year-Old

$18,069

Annual EE Bond Interest Rate

0.10%

Annual Inflation Rate 2000-2019

2.17%

Annual Investment Rate of Return

7.27%

Annual Administrative Expenses

0.4%

Median 401(k) Annual Contribution Rate
(Combined Employee and Employer)

13.5%

Median Monthly Social Security Benefit 2020

$1,514

Average Annual Social Security
Cost Of Living Adjustment 2000-2019

2.15%

Average Annual Social Security Retirement Tax
(Combined Employee and Employer)

10.03%

Annual Increase in Employee Pay 2000-2019

3.31%

Average Age Workers Start Contributing to 401(k)

37

Number of babies born in U.S. by household income

Household Income # births
Under $10,000 226,704
$10,000-$14,999 113,920
$15,000-$24,999 299,438
$25,000-$34,999 334,296
$35,000-$49,999 494,110
$50,000-$74,999 705,117
$75,000+ 1,796,377
total 3,969,962

Median Household Income

$68,703

Median Household Income By Income Group

Individual Income Median
Under $10,000 $4,887
$10,000-$14,999 $12,945
$15,000-$24,999 $20,336
$25,000-$34,999 $30,009
$35,000-$49,999 $42,489
$50,000-$74,999 $62,341
$75,000-$99,999 $159,514

Median Individual Income By Income Group

Individual Income Median
Under $10,000 $3,475
$10,000-$14,999 $11,951
$15,000-$24,999 $19,546
$25,000-$34,999 $28,847
$35,000-$39,441 $36,743
$40,000+ $144,333

Age RISE Income Begins

70

Age RISE Income Ends

100

Babies Born into Households with These Incomes Would Be Assigned to this Personal Income Band
From To  
$-0- $9,999 PIB Orange
$10,000 $14,999 PIB Yellow
$15,000 $24,999 PIB Blue
$25,000 $34,999 PIB Green
$35,000 $39,999 PIB Indigo
$40,000+   PIB Violet