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CRS 'In Focus': Social Security -- The Average Wage Index (PDF)
Congressional Research Service [CRS]Link to more items from this source
Sept. 23, 2021

"Recent news articles suggest a possible decrease in national average wages due to the recent recession caused by the [COVID-19] pandemic. Such a decrease would have a negative impact on the Social Security benefits of individuals who reached age 60 in 2020. Social Security benefits are tied to a worker's earnings record but are also affected by changes in national wage levels, price levels, and claiming age." [IF11931, Sep. 22, 2021]

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