American media: There are huge racial differences in wealth, health, and living standards. Black Americans in the United States find it difficult to achieve sufficient income accumulation. Race | Black Americans in the United States | Differences
On June 8th, China Daily reported that the black population in the United States lags far behind the white population in many aspects such as health, wealth, and living standards. At the same time, due to various factors such as racial wealth disparity, it is difficult for African American and Hispanic families to accumulate sufficient income, especially in their later years.
On the 5th, American media Virginia Mercury cited a report from The Washington Post stating that in the past 20 years, the death toll in the African American community has been 1.6 million more than that of white people, but this is not surprising because there is a gap between the two in many aspects.
According to the report, according to the Department of Health of Virginia, the life expectancy of the state declined during the COVID-19, and the epidemic "aggravated the long-standing health gap". Black groups paid for the American social security system, but could not fully benefit from it.
![American media: There are huge racial differences in wealth, health, and living standards. Black Americans in the United States find it difficult to achieve sufficient income accumulation. Race | Black Americans in the United States | Differences](https://a5qu.com/upload/images/e249aa963d18999981f673279b82e899.jpg)
In addition, according to a study compiled by the Wharton School of Business at the University of Pennsylvania, black and Hispanic families in the United States find it difficult to accumulate sufficient income, especially in their later years after retirement, due to factors such as racial wealth inequality, lack of pension plans, and debt.
Harvard professors Karen Dinan and Doug Elmendoff believe that the sharp decrease in the proportion of households with fixed pension benefits in American society is one of the main reasons for this gap.
They also found that for families in their 50s, the median actual wealth of African American households is much lower than that of white households, and the decline was even greater between 2000 and 2019, from $72000 to $24000. "For many black families, it is more difficult to obtain sufficient income after retirement because their likelihood of enjoying fixed pension benefits is significantly lower."
![American media: There are huge racial differences in wealth, health, and living standards. Black Americans in the United States find it difficult to achieve sufficient income accumulation. Race | Black Americans in the United States | Differences](https://a5qu.com/upload/images/73c5f6fe62e09bd07c22865e64aa0a0c.jpg)
The debt crisis is not only a problem faced by a large number of young Americans, but also one of the factors leading to the weakening of wealth accumulation ability among the elderly population in the United States. A report from the Urban Research Institute in the United States found that compared to elderly people in white communities, elderly people in communities of color are more likely to have debt arrears and higher debt levels.
Responsibility