Poor financial advice, habits hurt many South Florida Hispanics, blacks From: sun-sentinel.com
Posted on: June 18th, 2008
She’s had to take a second job as a maid. To save on gas, she rarely drives her car. And she stands to lose her home.
As a lifetime of hard work crumbles under one bad financial decision after another, Alicia Suarez wishes she and her husband had sought better advice.
“By the time we realized we had no money saved in the bank, we were at rock bottom,” said Suarez, 52, of West Palm Beach.
Suarez’s plight is shared by millions of Hispanics and blacks, thousands of them in South Florida, who have suffered critical setbacks in a shrinking economy, according to new data from the National Foundation for Credit Counseling.”*
Curation from Tomás
Filed Under: Business, Eye Openers, Your Money
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