America’s older generation may have paid their financial dues and time in the labor market, but unfortunately they’re not immune to the housing crisis.
According to a study by AARP, 600,000 homeowners of the over-50 set are in foreclosure, and about 625,000 are at least three months behind on their mortgage payments. Approximately 3.5 million boomers—16%—are underwater on their mortgages and owe more than their home is currently worth...............................................Full Article: Source
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