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Empty Promises: The Benefits to African American Men of Private Accounts Under President Bush's Social Security Plan

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Publication Date: February 2005

Publisher(s): Center for Economic and Policy Research

Author(s): Dean Baker

Topic: Banking and finance (Personal finance and saving)

Keywords: Life expectancy; Privatized systems; Wage inequality

Type: Report

Coverage: United States

Abstract:

According to this report, many African American men will not be able to pass along to heirs the private accounts that they would receive under President Bush's Social Security plan because they would be required to turn them into annuities when they retired.