Thursday, May 13, 2010

Report: 90 Percent of Minority Seniors on Verge of Financial Collapse

The results of this report are disturbing, minority seniors are suffering more than other groups with high costs of living and inadequate income. - - Donna Poisl

from hispanicbusiness.com

About 90 percent of Latino and African-American seniors live on the edge of financial collapse, accelerated by the economic downturn, a new study has found.

The report, by the Institute on Assets and Social Policy at Brandeis University, found that a combination of inadequate pensions and savings, high housing costs and increasing healthcare costs have left about three-quarters of minority senior households unable to cover essential expenses.
Click on the headline to read the rest of this story! This is only a small part of it.

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