Foreclosure Crisis Hits Older Americans Hard

By: Associated Press Email
By: Associated Press Email

A new AARP report says more than 1.5 million older Americans have lost their homes, and millions more are at risk in the housing crisis.

And older African Americans and Hispanics are the hardest hit.

AARP policy chief Debra Whitman says, "This shows that home ownership doesn't guarantee financial security later in life."

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