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A Study Looks at How Older African-Americans throughout New York Are Coping with Economic Difficulties


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-- How Will You Use This Story? --


(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-PASSOCIATE 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".



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