Forum (Forum & Focus)
Jan. 27, 2009
Elderly Homeowners Are Particularly Vulnerable During Downturn
In a distressed economy, elderly homeowners become particularly vulnerable to mortgage schemes that don't represent their best interests, writes John A. Flaherty. - Forum Column
FORUM COLUMN
By John A. Flaherty According to a Duke University study, 14 percent of people over 70 have some form of dementia. As more members of the baby boomer generation join the ranks of the elderly, if the percentages hold true over 11 million baby boomers could develop the condition. That fact combined with the reality that the baby boomers control more than $19 trillion in assets indicates that over the next decade, many of them will be a...For only $95 a month (the price of 2 article purchases)
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