AARP reports that the mortgage crisis is increasingly hitting older adults — especially those 75-plus — and that Latino and African American elders and their families are the hardest hit of all Americans, according to a new study released today. It remains true that those under age 50 are more likely to be in foreclosure, but the report found that the risk of “serious delinquency” on mortgages is growing at a much more rapid rate among those over age 50.
Seniors continue to be hard hit by the current economic turmoil, a series of new studies show.
Judy Kugel recently asked herself a tough question at The 70-Something Blog: The unemployment rate is dreadful. People are losing homes and struggling to put food on the table. Dreams are put on hold. Unemployed workers in their fifties fear that they will never work again. And then there is me, working full time and […]