Social Security Revamp May Hurt Minorities New York Times Online (04/23/03) Vol. 32, No. 4 p.34; Walsh, Mary Williams
Current Social Security system reform proposals from the Bush administration would allow younger workers to invest a portion of their payroll into the stock market, like a 401(k) plan. Many supporters of the proposal say that minorities would benefit because they would be able to pass on their benefits to family members and earn more in a shorter time frame, since many live shorter lives than Caucasians. However, a new report by the General Accounting Office says that minorities receiving disability or survivor benefits in the current Social Security system are not short-changed.