General Discussion
In reply to the discussion: 9 Ways FDR's 'New Deal' Purposely Excluded Blacks [View all]eridani
(51,907 posts)Guess what? If a program doesn't exist in the first place, it can't be expanded later.
http://www.ncpssm.org/SocialSecurity/AfricanAmericansandSS
While Social Security is expected to be only one part of a person's retirement income, many minorities rely on it for more of their income. Because African Americans tend to have lower earnings and less pension coverage than White Americans, Social Security is extremely important for African American retirees. Based on the most recently available data:
Almost three-fourths (72 percent) of African American beneficiaries rely on Social Security for at least half their income, compared to less than two-thirds (65 percent) of all beneficiaries.
Almost 50 percent of African American beneficiaries rely on Social Security for 90 percent or more of their income.
Approximately 37 percent of African American beneficiaries rely on Social Security for all of their income.
Minorities rely more heavily on Social Security due to a lack of other income in retirement. Few elderly minorities receive income from pensions and assets. The greatest disparity is in the receipt of income from assets. Again, based on the most recent data,
26 percent of African Americans received income from assets, compared with more than 55 percent of Whites.
21 percent of African Americans 65 years old and over reported receiving income from private pensions or annuities, compared to 28 percent of Whites 65 years old and older.