blue Social Security cards fanned out (Photo: Shutterstock)

Any decisions made regarding Social Security need to consider the changing diversity of the U.S. and the greater impact that the safety net program has on minorities and those with low to middle incomes.

So says a new brief from the Center for Retirement Research at Boston College, which analyzed data from the Health and Retirement Study to see just how much Social Security affected the retirement wealth of whites, blacks and Hispanics during 1992–2016.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.