"Robert's talk will discuss both how African-Americans fare under the current Social Security system, and how reforming the system and creating Personal Retirement Accounts would benefit African-Americans.
'My thesis concluded that whatever proportional benefit African-Americans gain because of their low wages is outweighed by the costs associated with their comparatively low life expectancy,' she explained. 'Furthermore, I argued that Personal Retirement Accounts would afford African-Americans the ability to accumulate wealth as opposed to an income stream, which has many ancillary benefits; there are strong correlations between wealth and level of education, health, and even between asset holdings and incidence of mortality. Ultimately, African-Americans would benefit from the integration of Personal Retirement Accounts into the Social Security system not because it would necessarily increase their stream of benefits, but because they would be able to create wealth and the ability to pass an inheritance on to their children, slowly closing the wealth gap in this country.'"
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