Andrew Biggs: U.S. high earners get 21 percent Social Security replacement rate

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10.03.2026

Andrew Biggs: U.S. high earners get 21 percent Social Security replacement rate — U.S. Social Security outpaces other countries

The Organisation for Economic Co-operation and Development (OECD) finds that a U.S. worker earning three times the average wage, roughly $225,000, receives a Social Security benefit equal to 21 percent of their pre-retirement income.

Andrew Biggs shared this comparison, noting that in countries including the UK, Australia, Canada, Ireland, and New Zealand, the average replacement rate is only 7 percent. He suggests these nations still maintain retirement standards despite significantly lower public pension replacement rates.

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