Using the Economics of Social Security case, knowledge you have gained in this course, and at least three additional credible sources, analyze the case by addressing the following:
Explain how the Social Security system’s basic principles differ from private insurance.
Determine how Social Security affects the economic well-being of the black community compared to white and Hispanic communities.
Assess if the current Social Security system promotes income equality. Why or why not?
Propose how the Social Security system could be modernized to ensure long-term solvency and fairness in distribution. Be specific and support your proposal with research.