Confidence About Financial Security at Retirement: Perspectives of African Americans and White Americans

Confidence About Financial Security at Retirement thumbnailBy: Wilhelmina A. Leigh, Ph.D. and Melissa R. Wells

This fall 2012 poll from the Joint Center for Political and Economic Studies finds that, although more than half of both African Americans and white Americans are ‘very or somewhat’ confident that they will be financially secure during retirement, this financial security may not become reality. Continue reading

Solvency and Adequacy for the Social Security System: Perspectives of African Americans and White Americans

Solvency and Adequacy for the Social Security System thumbnailBy: Wilhelmina A. Leigh, Ph.D. and Melissa R. Wells

This 2012 poll conducted by the Joint Center for Political and Economic Studies finds that majorities of black Americans and white Americans hold the same views about proposals that would foster solvency and proposals that would improve benefit adequacy within the Social Security system. Continue reading

New Report Finds Social Security Cuts Proposed in Obama Budget Will be Devastating to African Americans

The Chained CPI: Increasing Economic Inequality for African AmericansThe Center for Global Policy Solutions released a report that finds President Obama’s proposal to base the Cost of Living Adjustment (COLA) for Social Security, veteran’s benefits and other retirement programs on the chained consumer price index (chained CPI) will widen income and wealth inequality seen among African Americans.

The Chained CPI: Increasing Economic Inequality for African Americans finds that COLA decreases resulting from the chained CPI will disproportionately harm African Americans, who have dramatically fewer sources of wealth to draw upon compared to whites and are, therefore, more heavily reliant on federally-issued benefits. Continue reading