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Recession hits older blacks harder

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AAPolitical Slugfest

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America’s economic recession has hit African Americans who are middle age and older much harder over the past year than it has the general public, according to a new survey released Tuesday.

In telephone surveys, more than twice as many African Americans ages 45 and older reported having trouble paying their mortgage or rent, having to cut back on medications and having to borrow money to pay living expenses in comparison with the general population.

Twice as many blacks also reported losing a job and having a spouse who either lost a job or had to take a second job. Nearly twice as many blacks had difficulty paying for essential items such as food and utilities.

These older, established black workers also lost their job-based health coverage at higher rates, were more likely to raid their retirement savings prematurely and provide financial help to their parents and children more often than their age-equivalent peers, the survey found. Let's talk about middle age black folks are going through, tonight, on the slugfest, "If you can handle the truth."

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