Social Security Is Important To African Americans
February 2013 (Printer Friendly Version)
Social Security is neutral with respect to race or ethnicity – individuals with identical earnings histories are treated the same in terms of benefits. This Fact Sheet is provided by the Social Security Administration to highlight how African Americans benefit from the Social Security program and how certain demographic characteristics of African Americans compare with the entire population.
- The Social Security system is progressive in that lower-wage earners receive a higher percentage benefit than higher-wage earners do. The system returns a greater percentage of pre-retirement earnings to a lower-wage worker than to a higher-wage worker. African Americans who are low-wage workers receive back more benefits in relation to past earnings than do high-wage earners.
- In 2011, the median earnings of working-age African Americans who worked full-time, year round were about $35,000, compared to $42,000 for all working-age people.
- In 2011, the average annual Social Security income received by African American men 65 years and older was $13,458 and for women it was $12,173.
- In 2011, among African Americans receiving Social Security, 23 percent of elderly married couples and 56 percent of unmarried elderly persons relied on Social Security for 90 percent or more of their income.
- African Americans have lower life expectancies than other races at age 65.
- African American men who are age 65 in 2011 can expect to live to age 79, compared to age 82 for all men.
- African American women who are age 65 in 2011 can expect to live to age 83, compared to age 85 for all women.
- African Americans benefit from disability insurance. In 2011, 12.6 percent of the population was African American; however, 19 percent of disabled workers receiving benefits were African American.
- African Americans receiving benefits are helped by Social Security's cost-of-living protection which guarantees a benefit that is annually adjusted for inflation.
- The African American population in the U.S. is expected to grow. Today, 12.6 percent of the population is of African American origin. This proportion is expected to grow to 13 percent by 2050.
This fact sheet is designed to provide general information and does not apply to all individuals within the African American population.