G.O.P. Courts Blacks and Hispanics on Social Security
By EDMUND L. ANDREWS
Published: March 20, 2005
WASHINGTON, March 19 - As part of their campaign to overhaul Social Security, White House officials and Republican strategists have begun a push to persuade African-Americans and Hispanics that Social Security, long thought to be of benefit to them, is a bad deal.
Republican officials argue that blacks are being shortchanged under the current Social Security system because they tend to die earlier than do whites and to collect retirement benefits for fewer years.
In a parallel effort aimed at Hispanics, they focus on the wealth that people could build through the sort of individual investment accounts that the Bush administration has proposed....
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Studies by the Treasury Department and the Government Accountability Office indicate that Social Security provides more generous benefits to low-income workers, blacks included, even after accounting for shorter life expectancies.
Social Security is the only source of income for about 38 percent of black retirees and 40 percent of Hispanic retirees, according to government data. In contrast, only 18 percent of white retirees receive income exclusively from Social Security....
http://www.nytimes.com/2005/03/20/politics/20secure.html