Plagued by higher unemployment rates, fewer assets, and worries about paying their monthly bills, African Americans and Hispanics are especially supportive of strengthening Social Security, according to the brief. For example, when given a choice between cutting taxes and government spending or strengthening Social Security in response to the economic crisis and large deficit, two in three Americans (66%) – including 73 percent of African Americans, 67 percent of Hispanics, and 66 percent of whites – support strengthening Social Security over cutting its benefits.
"Although African Americans and Hispanics, who are more heavily reliant on Social Security benefits, express stronger support than whites in most areas," said Maya Rockeymoore, CEO of Global Policy Solutions and co-author of the brief, "these findings show that Americans of all colors firmly believe in Social Security's value to society and want government leaders to take action to keep the program vibrant for future generations."
Americans are also willing to pay to keep Social Security in existence for future generations. More than three in four Americans (76%) and an even greater proportion of American Americans (86%) and Hispanics (85%), don't mind paying Social Security taxes because otherwise they would have to support their family members in their retirement. Similarly, 90% of African Americans, 90 percent of Hispanics, and 86 percent of whites agree that Social Security's societal benefits are worth the cost.