older adults swept up in foreclosure crisis

Hispanics over 50 are Among the Hardest Hit with Foreclosure Crisis

Posted on 07/27/2012 by | Washington D.C. | Comments

Money & SavingsThe pinnacle of the American Dream was becoming a homeowner. However, that dream went bust for many after the subprime bubble crumbled in 2008. At first, minorities and the middle class were the hardest hit by the market implosion; besides these folks, we had no data on how the depression affected the 50+ segment — well, not until now. AARP Public Policy Institute recently published a study called Nightmare on Main Street: Older Americans and the Mortgage. This is the …