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A Study Looks at How Older African-Americans throughout New York Are Coping with Economic Difficulties
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(66 seconds)
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(OPEN):
ABOUT HALF OF AFRICAN-AMERICANS THROUGHOUT NEW YORK WHO ARE AGE 50 OR
OLDER WOULD DELAY THEIR RETIREMENT--IF THE ECONOMY DOESN'T IMPROVE.
OF THOSE, 41-PERCENT WOULD DELAY THEIR RETIREMENT FOR FIVE OR MORE
YEARS--AND 13-PERCENT EXPECT TO NEVER RETIRE. THAT'S ACCORDING TO
A RECENT STUDY FROM A-A-R-P. ASSOCIATE
STATE-DIRECTOR, DIONNE ["DEE-ON"] POLITE,
HAS MORE...
(POLITE):
"THIS SURVEY PAINTS A PICTURE OF OLDER AFRICAN-AMERICANS WHO ARE
COMING TO TERMS WITH A TOUGH ECONOMY. ABOUT TWO-THIRDS OF OUR
RESPONDENTS ARE WORRIED ABOUT HOW THEY WOULD MAINTAIN THEIR FINANCES, IN
RETIREMENT--WHILE ALMOST AS MANY ARE CONCERNED ABOUT BOTH SAVING FOR THE
FUTURE, AND MANAGING THEIR CURRENT DEBT. IN ADDITION, ABOUT
THREE-QUARTERS WORRY ABOUT EITHER HAVING TO PAY MORE FOR HEALTH-CARE, OR
BECOMING FINANCIALLY DEVASTATED DUE TO HEALTH-COSTS. AS A RESULT,
MANY AFRICAN-AMERICANS WILL FIND THEMSELVES HAVING TO WORK LONGER--JUST
TO KEEP UP WITH BOTH RISING HEALTH-CARE COSTS, AND FINANCIAL INSECURITY."
(CLOSE):
THE SURVEY OF AFRICAN-AMERICANS THROUGHOUT NEW YORK WAS CONDUCTED IN
JANUARY--AS PART OF AN A-A-R-P-INITIATIVE CALLED "VOICES OF 50-PLUS
NEW YORK: DREAMS AND CHALLENGES". TO REVIEW THE SURVEY, VISIT
"A-A-R-P"-DOT-ORG-SLASH-"N-Y".
