Social Security is of particular importance to Hispanic Americans. In fact, research demonstrates that Hispanics benefit more from the Social Security system than does the rest of the population.
Specifically, Hispanics receive higher average returns on the taxes they have paid into the system than do other workers. Hispanics also rely on Social Security for a greater share of their income in retirement.
Despite this, there has been a campaign to sell the Hispanic community on the notion that the current Social Security system is a bad deal for Hispanics and that Hispanics would be better off if part, or all, of Social Security were replaced by private accounts. An extensive body of research and data allows us to assess these claims. The research and data show that arguments being spread about Social Security being disadvantageous for Hispanics rest on serious distortions and, in fact, that the opposite is the case. Read more from this post.
