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. For example, to foster solvency, majorities of the two groups favor enrolling new state and local government employees in the system and oppose reducing the cost-of-living adjustment (COLA). To improve benefit adequacy, majorities of these groups favor establishing a minimum retirement benefit level that is indexed to inflation so as to remain above the federal poverty level. The common ground evident suggests a path that could be taken to reform the Social Security system to best meet the needs for both the system and its beneficiaries over the next 75 years.

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