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<title>C. ASSUMPTIONS ABOUT THE FUTURE</title>
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<h2 class="pHeading1">2024 OASDI Trustees Report </h2>
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<div class="Section">
<span style="list-style-type: upper-alpha">C. </span><a name="95492">ASSUMPTIONS ABOUT THE FUTURE</a></div>
<div class="Body"><a name="95495">The future income and cost of the OASI and DI Trust Funds will depend on many factors, including the size and characteristics of the population receiving benefits, the level of monthly benefit amounts, the size of the workforce, and the level of covered workers earnings. These factors will depend in turn on future birth rates, death rates, immigration, marriage and divorce rates, retirement patterns, disability incidence and termination rates, employment rates, productivity gains, wage increases, inflation, interest rates, and many other demographic, economic, and program-specific factors.</a></div>
<div class="Body"><a name="95805">The Trustees set key demographic, economic, and programmatic assumptions for three alternative scenarios. The intermediate assumptions reflect the Trustees best estimates of future experience. Therefore, most of the results presented in this overview indicate outcomes under the intermediate assumptions only. Any projection of the future is uncertain. For this reason, results are also presented under low-cost and high-cost alternatives to provide a range of possible future outcomes. The actual future costs are unlikely to be as extreme as those portrayed by the low-cost or high-cost projections. A separate section on the uncertainty of the projections, beginning on </a><a href="II_D_project.html#117340" title="D. PROJECTIONS OF FUTURE FINANCIAL STATUS">page 19</a>, highlights the implications of these alternative scenarios.</div>
<div class="Body"><a name="99470">The Trustees reexamine the assumptions each year in light of recent experience and new information. This annual review helps to ensure that the Trustees assumptions provide the best estimate of future possibilities.</a></div>
<div class="Body"><a name="105037">For each of the three alternative scenarios, table </a><a href="#101021" title="C. ASSUMPTIONS ABOUT THE FUTURE">II.C1</a> presents key demographic, economic, and programmatic assumptions used for long-range projections. The measures shown are applicable for the last 65 years of the 75year projection period, unless otherwise specified. Details on near-term assumptions about growth rates and parameter levels are provided in Chapter&nbsp;<a href="V_A_demo.html#253046" title="V. ASSUMPTIONS AND METHODS UNDERLYING ACTUARIAL ESTIMATES">V</a>.</div>
<table class="UltimateKeyAssumps" style="margin-bottom: 0.0pt" cellspacing="0" summary="">
<caption>
<div class="TableTitle">
<span style="list-style-type: decimal">Table II.C1.—</span><a name="101021"><!--o--></a>Key Assumptions and Summary Measures <br />for Long-Range (75-Year) Projections<sup><a name="wwfootnote_inline_2" href="#2">a</a></sup></div>
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<th style="background-color: #FFFFFF; border-top-color: #000000; border-top-style: solid; border-top-width: 0.5pt; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom; width: 63.1%">
<div class="CellHeading"><a name="101029">Assumption</a></div>
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<div class="CellHeadingR"><a name="101032">Intermediate</a></div>
</th>
<th style="background-color: #FFFFFF; border-top-color: #000000; border-top-style: solid; border-top-width: 0.5pt; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom; width: 12.2%">
<div class="CellHeadingR"><a name="101035">Low-cost</a></div>
</th>
<th style="background-color: #FFFFFF; border-top-color: #000000; border-top-style: solid; border-top-width: 0.5pt; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom; width: 12.3%">
<div class="CellHeadingR"><a name="101038">High-cost</a></div>
</th>
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<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBodyL" style="color: #000000; font-family: &quot;Times New Roman&quot;; font-style: normal; font-variant: normal; font-weight: bold; text-transform: none; vertical-align: baseline"><span style="color: #000000; font-family: &quot;Times New Roman&quot;; font-style: normal; font-variant: normal; font-weight: bold; text-transform: none; vertical-align: baseline"><a name="101040">Demographic:</a></span></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101042">&nbsp;</a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101044">&nbsp;</a></div>
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<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101046">&nbsp;</a></div>
</td>
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<div class="CellBodyL" style="text-indent: -5.4pt"><span class="Link"><a href="VI_I_glossary.html#1052617" title="I. GLOSSARY" name="101050">Total fertility rate</a></span> (children per woman)<span class="Link"> for years <br />2040 and later</span> </div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101052">1.9</a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101054">2.1</a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101056">1.6</a></div>
</td>
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<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBodyL" style="text-indent: -5.4pt"><a name="101059">Annual percentage reduction in total agesexadjusted<br />death rates </a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101061">.73</a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101063">.28</a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101065">1.23</a></div>
</td>
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<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBodyL" style="text-indent: -5.4pt"><a name="101068">Annual net lawful permanent resident (LPR) immigration <br />(in thousands) </a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101070">788</a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101072">1,000</a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101074">595</a></div>
</td>
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<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBodyL" style="text-indent: -5.4pt"><a name="102459">Average annual net other-than-LPR immigration <br />(in thousands) </a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="102404">457</a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="102406">683</a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="102408">234</a></div>
</td>
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<tr>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBodyL" style="color: #000000; font-family: &quot;Times New Roman&quot;; font-style: normal; font-variant: normal; font-weight: bold; text-transform: none; vertical-align: baseline"><span style="color: #000000; font-family: &quot;Times New Roman&quot;; font-style: normal; font-variant: normal; font-weight: bold; text-transform: none; vertical-align: baseline"><a name="101076">Economic:</a></span></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101078">&nbsp;</a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101080">&nbsp;</a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101082">&nbsp;</a></div>
</td>
</tr>
<tr>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBodyL" style="text-indent: -5.4pt"><a name="101093">Annual percentage change in productivity<br />(total U.S. economy) </a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101095">1.63</a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101097">1.93</a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101099">1.33</a></div>
</td>
</tr>
<tr>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBodyL" style="text-indent: -5.4pt"><a name="101107">Annual percentage change in Consumer Price Index <br />(CPI-W)</a> </div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101109">2.4</a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101111">3.0</a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101113">1.8</a></div>
</td>
</tr>
<tr>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBodyL" style="text-indent: -5.4pt"><a name="103856">Average annual percentage change in average OASDI <br />covered wage </a>(nominal) </div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="103844">3.56</a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="103846">4.79</a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="103848">2.34</a></div>
</td>
</tr>
<tr>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBodyL" style="text-indent: -5.4pt"><a name="103926">Average annual percentage change in average OASDI <br />covered wage </a>(real) </div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="103915">1.14</a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="103917">1.74</a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="103919">.53</a></div>
</td>
</tr>
<tr>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBodyL" style="text-indent: -5.4pt"><a name="101138">Age-sex-adjusted unemployment rate (percent) </a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101140">4.5</a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101142">3.5</a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101144">5.5</a></div>
</td>
</tr>
<tr>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBodyL" style="text-indent: -5.4pt"><a name="101147">Annual trust fund new-issue real interest rate (percent) <br />for years 2041 and later </a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101149">2.3</a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101151">2.8</a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101153">1.8</a></div>
</td>
</tr>
<tr>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBodyL" style="color: #000000; font-family: &quot;Times New Roman&quot;; font-style: normal; font-variant: normal; font-weight: bold; text-transform: none; vertical-align: baseline"><span style="color: #000000; font-family: &quot;Times New Roman&quot;; font-style: normal; font-variant: normal; font-weight: bold; text-transform: none; vertical-align: baseline"><a name="101155">Programmatic:</a></span></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101157">&nbsp;</a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101159">&nbsp;</a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101161">&nbsp;</a></div>
</td>
</tr>
<tr>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBodyL" style="text-indent: -5.4pt"><a name="101163">Age-sex-adjusted disability incidence rate <br />(per thousand exposed) </a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101165">4.5</a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101167">3.6</a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101169">5.4</a></div>
</td>
</tr>
<tr>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBodyL" style="text-indent: -5.4pt"><a name="101171">Age-sex-adjusted disability recovery rate <br />(per thousand beneficiaries) </a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101173">10.8</a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101175">13.0</a></div>
</td>
<td style="border-bottom-color: WhiteSmoke; border-bottom-style: solid; border-bottom-width: 1px; border-left-color: WhiteSmoke; border-left-style: solid; border-left-width: 1px; border-right-color: WhiteSmoke; border-right-style: solid; border-right-width: 1px; border-top-color: WhiteSmoke; border-top-style: solid; border-top-width: 1px; padding-bottom: 1pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: bottom">
<div class="CellBody"><a name="101177">8.6</a></div>
</td>
</tr>
</table>
<hr />
<div style="font-size: smaller; float: left; padding-right: 10px">
<a name="2" href="#wwfootnote_inline_2">a</a>
</div>
<div class="TableFootnote"><a name="105573">Measures shown in this table are applicable for the last 65 years of the 75-year projection period (years 2034-98), unless otherwise specified. See chapter </a><a href="V_A_demo.html#253046" title="V. ASSUMPTIONS AND METHODS UNDERLYING ACTUARIAL ESTIMATES">V</a> for additional details, including historical and projected values.</div>
<br style="clear: both" />
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