Oct 17, 2020

Social Security And The Wealth Gap


      From  No, the New Deal Wasn't Racist by Samuel Hammond:

... Without counting Social Security, the median-earning white Baby Boomer has 7.3 dollars in wealth for every dollar held by their Black counterpart. Account for Social Security, and that ratio falls to 2.2 — a spectacular two-thirds reduction in the effective racial wealth gap. ...

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