Social Security at 75: Building Economic Security, Narrowing the Racial Wealth Divide
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Transcript of Social Security at 75: Building Economic Security, Narrowing the Racial Wealth Divide
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Social Security at 75:
Building Economic Security, Narrowing the Racial Wealth Divide
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Figure 1- Poverty Rates for Groups by Social Security Benefit Receipt, Race and Ethnicity, 1997
8%
24%
12%8%
20%
48%
61% 59%
34%
56%
0%
10%
20%
30%
40%
50%
60%
70%
White Black Native American
Asian Hispanic Origin
In Poverty with Social Security In Poverty without Social Security
Source: Office of Policy, Social Security Administration, Tabulations of March 1998 Current Population Survey Data.
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74%
11%
15%
Retirement
43%
27%
30%
Disability
Whites Blacks “Other”
Figure 2 - Use of Social Security by Beneficiary Type and Race/Ethnicity
55%
15%
30%
Survivor
Social Security Administration, Annual Statistical Supplement, Table 5A1, 2008
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Figure 3 – 2009 Median Weekly Earnings of Full-Time Wage and Salary Workers by
Race/Ethnicity and Gender
952
845
621569
779
669582
509
0
100
200
300
400
500
600
700
800
900
1000
Asian White Black Hispanic
Current Dollars
Men Women
Source: US Dept. of Labor, Bureau of Labor Statistics, 2009, Table 6 .
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Figure 4 - Children Receiving Benefits by Type of Benefit and Race, SSA 2008
1% 3% 3%
24%
49%
39%
17%22% 22%
0%
10%
20%
30%
40%
50%
60%
Caucasian Black Other
Retirement Survivor Disability
Source: Social Security Administration, Annual Statistical Supplement , Table 5A1, 2008.
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