Social Security & African-Americans
July 05th 03:13:34 PM
The Louisiana Weekly,
a newspaper dedicated to the “interests of Louisiana's African-American community”
recently published an article about the influence of the current Social
Security system on African-Americans. The future is not looking good! “Research indicates that many future retirees, including
an estimated 77 million Baby Boomers, will have difficulty maintaining an
adequate standard of living. For African- Americans, this problem is exacerbated
by various factors. Recent data indicates that 45 percent of all
African-American workers did not have access to employer-based retirement
benefits, and of the other 55 percent who did have access to those benefits,
only 41.5 percent participated. Additionally, many African-Americans rely
greatly on Social Security, and for one out of three African-Americans over the
age of 65, it is the only source of income.” It is great to see people concerned with this pressing
issue. Check
out the entire article by clicking here!!
Posted by Liz Morgan
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