The SSA does inflate past earnings two years prior to the statement year. ... The interesting thing about these earnings is that when the Social Security Administration estimates your future earnings, it uses the exact dollar amount of earnings from the prior year. No inflation is used.

How accurate is the Social Security estimator?

Hi, The estimates on the Social Security statements issued by Social Security are only as accurate as the earnings data used. If they include a presumed level of future annual earnings that don't end up being earned, for example, the estimates are likely to be inaccurate.

Is Social Security estimate based on today's dollars?

It is your actual earnings, though, that determine the amount of benefits you'll receive. ... The estimated benefits provided by the social security statement are in today's dollars.