According to reports and an article in USA Today entitled: “Aging African-Americans are hit with a double-whammy: health and financial troubles”, Blacks are more likely than whites to suffer medical conditions that lead to more severe health problems and higher health care and insurance costs as they grow older. Their health problems are exacerbated by financial troubles that include lower savings, home ownership rates and Social Security income than whites.
The article continues: “An array of health and financial problems converge on African-Americans as they age, posing a potentially devastating impact on them.”
The full article can read here: https://www.usatoday.com/story/news/2019/02/06/blacks-face-greater-financial-and-health-woes-than-whites-they-age/2789255002/
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