Private investment would pay low-income workers significantly higher benefits than Social Security can pay. And that does not take into account the fact that blacks, other minorities, and the poor have below-average life expectancies. As a result, they tend to live fewer years in retirement and collect less in Social Security benefits than do whites.Excerpted from Chapter 17, Cato Handbook for Policymakers, 7th Edition (2009).
Sunday, March 20, 2011
Structural Problem #4 with Social Security
It disproportionately effects blacks and other minorities:
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