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Meeting the Needs of Economically Disadvantaged Older Adults: A Holistic Approach to Economic Casework
Beginning of article
As almost everyone struggles to manage their finances during this economic downturn, disadvantaged older adults face particularly daunting and complex challenges.
Many older Americans have seen their hard-earned personal and employersupported retirement savings diminish with no guarantees that they will rebound. During the period from October 2007 to March 2009, the Dow Jones Industrial Average lost more than 50 percent of its value and the value of equity assets in workplace retirement funds fell by approximately $4 trillion (Harris and Walker, 2009).
Homeownership status, once the cornerstone of economic security for older adults, has become a source of stress and debt, …
