Boomer Suicides Soar: Is the Economy to Blame?

Was it because of the devastating economic recession of the past decade, or the widespread mortgage crisis? Or maybe it was due to the abuse of prescription painkillers like OxyContin, or the pressure of being the “sandwich generation”? There are plenty of theories for why new government figures show the suicide rate for middle-aged Americans – adults ages 35 to 64 – jumped nearly 30 percent between 1999 and 2010. The increase was even higher – a 40 percent rise …

Foreclosure Crisis Hits Older Americans

It’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 …

Can the Nation’s Foreclosure Capital Bounce Back?

Susan Milligan is visiting six Election 2012 battleground states to talk with 50-plus voters for a report that will be published in the September issue of the AARP Bulletin. She posted this from Las Vegas. So maybe the unemployment rate here is still above 12 percent. So maybe the housing bubble burst like a nuclear explosion, taking down housing values and leaving legions of homeowners underwater on their mortgages. So what? This is Las Vegas, where most people still believe …