U.S. Demographic Shift Has Consequences for Social Security

As U.S. transitions to majority-majority population, policymakers must consider how communities of color use the program

WASHINGTON – In response to a U.S. Census report that more than half of our nation’s population under the age of one are Latino, African-American, Asian American or other minorities, the Commission to Modernize Social Security says that as the United States transitions to a “majority-minority” population, any changes to Social Security must consider the impact on workers and families of color who are more vulnerable to economic instability and far less likely to have generational wealth than white families. It also argues that the program can be modernized to remain sustainable and improved to meet the needs of an increasingly diverse and economically insecure workforce. Continue reading

Social Security at 75: Building Economic Security, Narrowing the Racial Wealth Divide

Social Security at 75On the 75th anniversary since the passage of the Social Security Act, it is worthwhile to reflect on the past performance, current reality and future prospects for the Act’s signature program – what we now know as the Old Age, Survivors and Disability Insurance (OASDI) program or “Social Security”- particularly as it relates to workers of color, the fastest growing segment of the U.S. population.

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