New study finds severe financial vulnerability among African-American and Latino seniors
Thursday, May 6, 2010 - 11:05
in Psychology & Sociology
Millions of African-American and Latino seniors are living on the edge of financial collapse, according to a new report, Severe Financial Insecurity among African American and Latino Seniors. Released today by the Institute on Assets and Social Policy (IASP) at Brandeis University and the public policy organisation, Demos, the report finds that African American and Latino seniors face widespread financial insecurity during retirement, a trend accelerated by the current economic crisis. According to the study, 9 in 10 senior households of colour lack sufficient resources for long-term economic security...