Summary
Today, 38% of elderly Hispanics in this country rely on Social Security for their entire retirement income, and without this program, over half of America's Latino elderly would live under the poverty line. Social Security is also of particular importance to the Latino community because more often than other demographics, they occupy jobs that do not offer pension coverage, have high turnover leading to periods of unemployment, have higher disability rates, and tend to live paycheck to paycheck making it nearly impossible to save for retirement.
Privatization is not the way to ensure Social Security's solvency and guaranteed benefits. Instead we need to find a bipartisan solution that will strengthen Social Security so that it can pay full benefits without increasing the deficit, harming the middle class, or slashing guaranteed benefits.See the full content of this document
Extract
The 70th Anniversary of Social Security
Seventy years ago, on August 14, 1935, President Franklin Delano Roosevelt signed the Social Security Act into law. President Roosevelt envisioned that Soci...
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