Minority seniors hit harder by economic issues

Source: Christine Dugas, USA TODAY

Older Americans of color are being financially squeezed as their earnings and savings drop and costs continue to rise, according to a report released today. In California, where more than 60% of the senior population is expected to be non-white by 2050, older minorities particularly face more financial risk than whites, according to the report by The Greenlining Institute in Berkeley, Calif., a research and advocacy center. "The recent recession has made the racial wealth gap worse," says Orson Aguilar, Greenlining Institute executive director.

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money management, financial, consumer protection, savings, consumer information, economy

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