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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. Specifically, Average Indexed Monthly Earnings is an average of monthly income received by ...
The formula for calculating your PIA is based on the average indexed monthly earnings, or AIME, in your 35 highest-earning years after age 21, up to the Social Security wage base. In 2025, the ...
This is the map and list of American countries by monthly net (after taxes) average wage. The chart below reflects the average (mean) wage as reported by various data providers. The salary distribution is right-skewed, therefore more than 50% of people earn less than the average
The gross average monthly wage estimates for 2023 are computed by converting national currency figures from the United Nations Economic Commission for Europe (UNECE) Statistical Database, compiled from national and international (the CIS, Eurostat, the OECD) official sources. Wages in U.S. dollars are computed by the UNECE Secretariat using ...
From there, Social Security divides the total number of months in those 35 years to get your average indexed monthly earnings (AIME). If you don't have 35 years' worth of earnings, ...
Then, it divides the total number of months in those 35 years to get your average indexed monthly earnings ... Claiming Social Security at 62 would reduce your monthly PIA by 30%; delaying ...
The main determinant of PIA is the Average Indexed Monthly Earnings (AIME). To calculate AIME, the individual's wages are first expressed in today's dollars by inflating the value to reflect increases in the wage level during the worker's years of employment. [4] The inflated wages are totaled across the highest 35 earnings years.
90% of the first $1,115 of your average indexed monthly earnings + 32% of your average indexed monthly earnings over $1,115 up to $6,721 + 15% of your average indexed monthly earnings over $6,721.