Search results for: “pension”

In the future, the growth of the Hispanic population will affect both the payout and revenue sides of the Social Security system. Eventually, when the current stock of young Latinos reaches retirement age, a growing proportion of beneficiaries will be Latino. At the same time, however, the number of Hispanic workers paying into Social Security […]

This section considers the extent to which Hispanics age 65 or older receive Social Security benefits and at what levels they receive them. Relatively fewer Hispanics than whites or blacks receive income from Social Security, and their levels of benefits are also lower on average. However, Social Security is a more important source of income […]

Latinos have much at stake in any changes in the federal Social Security retirement system. Today’s older Hispanics rely heavily on Social Security. More than 600,000 Hispanics age 65 or older are kept out of poverty by Social Security. Almost half of older Latinos receive more than 90 percent of their income from Social Security. […]

In the State of the Union address on February 2, 2005, President Bush proposed an overhaul of the Social Security system that would enable persons now under the age of 55 (those born after 1949) to choose to participate in new individual investment accounts or to remain in the current Social Security system. Under the […]