Tag: equalizer
The brief’s key findings are: As the U.S. grows more diverse, it is important to understand how much Social Security affects the relative economic status of retirees by race/ethnicity. This analysis uses the Health and Retirement Study to examine Social Security as a share of retirement wealth for whites, blacks, and Hispanics during 1992-2016. Without…
Social Security dramatically reduces inequality between white and minority retirement wealth. A forthcoming study by two of my colleagues, Wenliang Hou and Geoff Sanzenbacher, looks at retirement wealth by race. They defined wealth broadly to include assets in retirement plans (including defined benefit plans), non-retirement plan assets, housing wealth, and Social Security benefits. They used…
