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
Annual EE Bond Interest Rate
0.10%
Annual Investment Rate of Return
7.27%
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%
https://www.ssa.gov/news/press/factsheets/HowAreSocialSecurity.htm#:~:text=The%20remainder%20was%20provided%
20by,up%20to%20a%20certain%20amount.
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 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 | |