Social Security: a key retirement income source for older minorities

Social Security: a key retirement income source for older minorities

Collection:
Health Policy and Services Research
Series Title(s):
Insight on the issues (AARP Public Policy Institute)
Author(s):
Waid, Mikki, author
Contributor(s):
AARP (Organization)
Public Policy Institute (AARP (Organization))
Publication:
Washington, DC. : AARP Public Policy Institute, March 2016
Language(s):
English
Format:
Text
Subject(s):
Minority Groups
Retirement -- statistics & numerical data
Retirement -- economics
Social Security -- statistics & numerical data
United States
Genre(s):
Technical Report
Abstract:
(1) Social Security is the primary source of retirement income for older minorities. Eighty-two percent of African Americans, 75 percent of Hispanics, and 69 percent of Asians, ages 65 and older, depend on it for part of their family income. (2) Nearly one-third of older African Americans and Hispanics in families that receive Social Security rely on it for more than 90 percent of their family income. (3) Social Security keeps approximately 30 percent of older African Americans and Hispanics and 20 percent of older Asians out of poverty. Nonetheless, high poverty rates persist among these groups.
Copyright:
Reproduced with permission of the copyright holder. Further use of the material is subject to CC BY-NC-ND license. (More information)
Extent:
1 online resource (1 PDF file (10 pages))
Illustrations:
Illustrations
NLM Unique ID:
101691447 (See catalog record)
Permanent Link:
http://resource.nlm.nih.gov/101691447