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.
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