Tag: income

Unbalanced scales

Social Security is a major source of income for most retirees. It is even more important to blacks and Hispanics in a nation that is becoming increasingly diverse. Social Security is helping to even out the racial and ethnic inequities in income and wealth that exist in the working population and continue in old age,…

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By their early 60s, four out of five workers have chronic health problems. One in four has developed some type of physical or cognitive limitation. If these problems force them to stop working, they can apply to Social Security for disability. But developing a disability late in a career still has long-term financial consequences. Thes…