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A related issue, that people are slowly starting to realize, is that there are big variations in life expectancy between races. Asians live 10 years longer than
by d_burfoot 4y ago
A related issue, that people are slowly starting to realize, is that there are big variations in life expectancy between races. Asians live 10 years longer than blacks on average (and about 7 years longer than whites) [0]. Also, women live about 4 years longer than men.
These differences may not seem big relative to total lifespan, but they are enormous relative to retirement span, and that has huge implications for the fairness of defined-benefit programs like Social Security. If we take 65 as the retirement age, then the average black male gets about 8 years of retirement, while the average Asian female gets 23 years.
That creates grotesque unfairness in Social Security payouts. The Asian female and black male might contribute the exact same amount to the program over the course of their careers, but the former will receive about 3x more in payouts than the latter.
I doubt our society is capable of repairing the grievous unfairness of life expectancy gaps. But we should at least not add racist insult to racial injury by using schemes like Social Security.
[0] : https://www.nih.gov/news-events/news-releases/life-expectancy-us-increased-between-2000-2019-widespread-gaps-among-racial-ethnic-groups-exist#:~:text=In%202019%2C%20overall%20life%20expectancy,73.1%20for%20the%20AIAN%20population https://www.nih.gov/news-events/news-releases/life-expectanc....
- Gareth321 4y agoThe other side of this is that the average Asian also has longer to accrue wealth. So when we're looking at racial equity data, and Asians end up wealthier, at least part of the reason is that they just live longer. It's not all structural racism, as some propose. The fact of the matter is that different groups are different. For example, Asian parents are notorious for making their kids study six hours a night. African American parents are notorious for not making their kids study six hours a night. These two groups are never going to end up in the same place. And you have to let that happen because we all have the freedom to choose how we live our lives. We cannot, and should not, force values onto any people. > Asian high-school students spend significantly more time studying and doing homework, Ramey found, than any other ethnic or racial group. Averaged over the entire year (including summer vacations), the average, non-Hispanic white student spends 5.5 hours per week studying and doing homework, while Hispanic and non-Hispanic black students spend even less. In contrast, the average Asian student spends a whopping 13 hours per week. Parents' educational levels do not explain the differences, Ramey said, as these become even greater if the sample is limited to children who have at least one parent with a college degree. (https://www.sciencedaily.com/releases/2011/05/110505103345.htm https://www.sciencedaily.com/releases/2011/05/110505103345.h...) Stats taken from: https://www.bls.gov/tus/ https://www.bls.gov/tus/