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Social Security and African Americans: Some Facts
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Ke Bin Wu,
Laurel Beedon,
AARP,
8/1/2003
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Social Security's progressive benefit formula protects low- and moderate-wage earners. African Americans and Hispanics make up a disproportionately large segment of workers earning low and moderate wages. Social Security's benefit formula ensures that these lower-wage workers and their families receive a higher return relative to their contributions than do high-wage workers. The program replaces approximately 56 percent of earnings for low-wage workers, 42 percent for average-wage workers, 35 percent for high-wage workers, and 30 percent for those with consistently taxable maximum wages
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Link to Issue Brief
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Price: Free
Ordering Information:
AARP
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