Hispanic Babyboomers Hit Hard By Recession

Hispanic Babyboomers Hit Hard By Recession

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Hispanic babyboomers have been hit particularly hard by the recession
according to a new study conducted by ImpreMedia and the American
Association of Retired Persons (AARP), reports La Opinion. One in five
Hispanics over 45 have lost their jobs, double the general population,
and one third of those who remain have seen their work hours or wages
reduced. This generation is struggling to support both their parents
and their children, more so than the generation before. Nineteen
percent have been forced to postpone their retirement and one in ten
are seeking a second job. The survey also states that more than a
third have had to cut the medicine they need because they can't afford
it, while 20% of those who lost their job lost their health care
insurance along with it.