aarp fororeclosure study

Foreclosure Crisis Hits Older Americans

Posted on 07/19/2012 by |Money and Work | Comments

Bulletin Today | Money & SavingsIt’s astounding to read the new AARP report about how some 5 million people age 50-plus lost their homes to foreclosure or remain at risk for that terrible ordeal. Read AARP’s report “Nightmare on Main Street” In previous generations, people more often owned their homes outright when they finally settled into retirement. But in the last 20 years, a growing number of people are retiring with mortgage debt. Even people 75 and older, and living on a fixed income, are …