Research Report Social Security and Medicare Lifetime Benefits and Taxes: 2025
C. Eugene Steuerle, Karen E. Smith
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This report on Lifetime Social Security and Medicare Benefits and Taxes provides updated figures in 2025 dollars for the lifetime benefits earned and taxes paid by hypothetical workers participating in Social Security and Medicare. For example, a couple with one average earner and one low-wage earner retiring in 2025 at age 65 would receive nearly $1.5 million. Given the expected near-term depletion of the Social Security and Medicare hospital insurance trust funds, these data help policymakers see how much they might want to schedule lifetime Social Security and health benefits and taxes to increase over time.

Research and Evidence Tax and Income Supports
Expertise Aging and Retirement Taxes and the Economy
Tags Retirement policy Social Security Medicare Data analysis Dynamic Simulation of Income Model 4 (DYNASIM4)
States All states and territories