Without Social Security, poverty rates for African American seniors would more than double.
Sentiment: NEGATIVE
If we didn't have Social Security, our seniors would live mostly in poverty. You'd have another 18 million people in poverty.
Before Social Security existed, about half of America's senior citizens lived in poverty.
As a result of the current universal benefit, the poverty rate for seniors in America is about 10%. Without the universal benefit, it would be over 50%.
In 1935, the year Social Security was created, the poverty rate for seniors was over 70%.
Social Security is the only thing most Americans can count on to keep them out of poverty during retirement.
Since Social Security was established by President Franklin D. Roosevelt in 1935 to ensure economic security for American workers, poverty among American seniors has dramatically declined.
I agree with President Roosevelt, and generations since, that American seniors deserve better than poverty.
Social Security not only helps Americans enjoy a secure retirement, it has also kept millions of Americans out of poverty.
Poverty affects people of all races.
When you look at statistics for the white community alone, you see that we've become two separate worlds in which the successful are educated and wait to have children until they are married, and those in poverty are primarily those without higher education and with children outside of marriage.
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