The economic woes that are forcing homeowners into foreclosure, choking spending on nondiscretionary goods and driving up credit-card bills may claim another group of victims in the coming years: Broke baby boomers.
Consumers 45 years and older are raiding or compromising their 401(k) accounts, shirking monthly payments and skipping regular medications and doctor visits at an alarming rate, according to the American Association of Retired Persons.
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