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PNS Daily Newscast - May 28, 2020 


A grim milestone as U.S. COVID-19 deaths top 100,000. Housing advocates fear folks who lost their jobs could lose their homes.

2020Talks - May 27, 2020 


Republican governors in Georgia and Florida offer their states as alternatives to North Carolina, after President Trump expresses impatience about talks of a more limited Republican National Convention because of the pandemic.

Financial Security Uncertain for Iowa Seniors

June 26, 2008

Des Moines, IA – From the early 1990s until last year, the rate of bankruptcies among U.S. senior citizens has skyrocketed. According to the Consumer Bankruptcy Report released by AARP, bankruptcies are up 150 percent for those 65 and older and up 433 percent for those 75 and older.

Ann Black, Communications Director with AARP Iowa, says that in past generations, this age group was the most financially secure - but times have changed.

"Health care costs are definitely a factor. If you have a catastrophic illness and your insurance is not adequate, that one incident can shoot you into bankruptcy."

Black notes the connection between health and economic security can be an overwhelming issue for older Iowans, which is why AARP has joined forces with business and other organizations to put it in the spotlight during this election year.

"The candidates are talking about these issues, and I think what we need to do now is to press the talk beyond the sound bites."

Black adds that, although some age groups can rebuild their savings, that's hard for seniors, who are typically retired.

Dick Layman/Don Mathisen, Public News Service - IA