Healthcare cost worries may be causing retirees to curtail lifestyle spending

McKnight’s Senior Living March 29, 2024
Lois A. Bowers

Concerns about healthcare costs may be leading retirees to spend less and put limits on their lifestyles in retirement, according to the results of a new survey.

Healthcare costs are the top concern for a group of Americans aged 60 to 70 participating in new research by eHealth and Retirable. Results of the survey of more than 520 people, some of whom already are retired and enrolled in Medicare and some of whom are not, were released Thursday.

“We … learned that relatively few have saved anything specifically for the healthcare costs they will inevitably face in retirement,” the report authors said. “As a result, many are so worried about unpredictable healthcare costs that they are spending less and curtailing...

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