"Retirees' Top Financial Concern: Healthcare Costs Trump All Others"
TL;DR
Many older Americans, including baby boomers, are finding that their accumulated wealth may end up being depleted by health care costs, leaving little to pass on to younger generations. Rising out-of-pocket health care expenses, including premiums, copays, and uncovered services, are taking a toll on retirees' savings. With the significant wealth transfer predicted to occur in the coming years, researchers suggest that a large portion of this wealth may ultimately end up in the medical system. As health care costs continue to rise, many individuals are struggling to afford necessary care and are facing financial stress as they navigate retirement and aging.
Topics:businesshealth-care#baby-boomers#generational-wealth#health-care#health-care-costs#retirement#wealth-transfer
- There's a good chance Boomers may leave their kids nothing. Here's why USA TODAY
- Retirees are more afraid of healthcare than they are of running out of money MarketWatch
- Health Care Costs Top the List of Financial Worries in Retirement, New Research from eHealth and Retirable Shows PR Newswire
- Healthcare cost worries may be causing retirees to curtail lifestyle spending McKnight's Senior Living
- It's official: Health care costs trump retirees' other concerns InvestmentNews
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