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Joint Economic Committee Democrats
Social Security Charts
Chart 2.3
Last updated 7/13/06
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Without Social Security, almost half of all people aged 65 or older would be poor.
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Social Security reduces the elderly poverty rate from 49 percent to 8 percent.
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Without Social Security, about 60 percent of elderly blacks and Hispanics would be poor.
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Even with Social Security, poverty is still a significant problem for elderly blacks and Hispanics: more than 1 in 5 blacks and 1 in 7 Hispanics aged 65 or older are poor.
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