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The Average Indexed Monthly Earnings (AIME) is used in the United States' Social Security system to calculate the Primary Insurance Amount which decides the value of benefits paid under Title II of the Social Security Act under the 1978 New Start Method.
On average, the United States' real per capita personal income grew at an annual rate of 2.27% over 1959–2020. The United States posted its highest growth in 1984 (5.53%) and posted its lowest growth in 2009 (−3.87%). [2]
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This would roughly put the national average salary at about $56,420. National Average US Salary: Key Points Approximately 35% of U.S. households make over $100,000 per year, as reported by IBISWorld.
Social Security benefits are now based on an average of a worker's 35 highest paid annual salaries with zeros averaged in if there are fewer than 35 years of covered wages. The averaging period could be increased to 38 or 40 years, which could potentially reduce the deficit by 10% to 20%, respectively.
Alabama. Median income for ages 15 to 24: $29,426 Median income for ages 25 to 44: $29,426 Median income for ages 45 to 64: $73,784 Median income for ages 65 and over: $47,114 Trending Now ...
The average salary in the U.S. varies depending on factors like occupation, location, and experience. As of 2021, the median household income in the U.S. was around $67,500.
U.S. states and territories by annual median wage 2021 (in current dollars) National rank State or territory Median wage in US$ [4] Average earnings in US$ [3] 1