Fact Sheet3 - About 51- to 64 Year Old African Americans
The well-publicized and much-discussed potential insolvency of the Social Security Trust Fund concerns African Americans ages 51-64 much more than it does younger African Americans. This may be tied to the fact that many 51- to 64-year-olds have not accumulated adequate personal savings and investments and expect to rely upon Social Security as a major source of retirement income. About one-third (35 percent) of 51- to 64-year-old African Americans expect Social Security to be their major source of retirement income.