Empty Promises: The Benefits to African American Men of Private Accounts Under President Bush's Social Security Plan
Publication Date: February 2005
Publisher: Center for Economic and Policy Research
Author(s): Dean Baker
Research Area: Banking and finance
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.
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