National Average Wage Index

E181924

The National Average Wage Index is a measure published annually by the U.S. Social Security Administration that reflects the average wages subject to Social Security taxes across all covered workers.

All labels observed (1)

Label Occurrences
National Average Wage Index canonical 1

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf economic index
labor market indicator
wage index
appliesTo Social Security–covered employment
workers covered by Social Security
country United States of America
surface form: United States
covers Social Security
surface form: OASDI program

United States Social Security system
surface form: Old-Age, Survivors, and Disability Insurance program
dataSource earnings subject to Federal Insurance Contributions Act taxes
wage records reported to the Social Security Administration
firstOrderStatistic average wage
frequency annual
geographicCoverage United States of America
surface form: United States
governingBody Social Security Administration
surface form: U.S. Social Security Administration
hasAbbreviation NAWI
isDifferentFrom Consumer Price Index
surface form: CPI-U

Consumer Price Index
surface form: CPI-W

Consumer Price Index
federal minimum wage
median wage
isPublishedBy Social Security Administration
surface form: U.S. Social Security Administration
isTimeSeries true
jurisdiction United States Social Security system
language English
measureOf average wages subject to Social Security taxes
covered earnings under Social Security
program U.S. Social Security program
publisher SSA
Social Security Administration
surface form: U.S. Social Security Administration
relatedTo Social Security wage base limit
surface form: Social Security bend points

Social Security benefit computation
Social Security taxable maximum
earnings indexing for primary insurance amount
scope national
sector public sector statistics
taxBase OASDI-covered wages
Social Security taxable earnings
timeUnit year
unitOfMeasure U.S. dollars
usedBy Social Security Administration
surface form: U.S. Social Security Administration
usedFor adjusting historical earnings for benefit computation
calculating Social Security benefit formulas
indexing Social Security earnings
indexing bend points in the Social Security benefit formula
indexing earnings limits for certain beneficiaries
indexing the contribution and benefit base
updating Social Security contribution and benefit parameters
website https://www.ssa.gov/oact/cola/AWI.html

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Social Security wage base limit isBasedOn National Average Wage Index