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Setting the Record Straight: Two False Claims about African Americans and Social Security
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Bernard Wasow,
The Century Foundation,
3/1/2002
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This brief debunks two myths about Social Security: 1) African Americans on average have substantially shorter life expectancies than other Americans and are therefore short-changed by Social Security; and 2) Private accounts to replace Social Security would give every retiree wealth that he or she could pass on to anyone else, just like other private saving accounts. Though African-Americans do as a group die younger than other Americans, there is almost no difference in Social Security’s payback by race. And for the average worker, there would be only one major difference between Social Security today and private accounts as proposed by the Commission on Social Security: private accounts would force families to absorb the risk of market fluctuations.
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Download in PDF format
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Edition: Online
ISBN: bw-030102
Pages: 3
Price: Free
Ordering Information:
The Century Foundation
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