A recent Pew survey found nearly half of respondents age 65 and older emphasized keeping up with diet, exercise and medical appointments. About 37% talked about the importance of financial security.
The aging of America’s population represents a historic moment to create an institutional and cultural infrastructure for a more inclusive and vibrant America.
Adults who care for both children and aging parents are financially strained, but small changes can at least maintain a solid foundation for building upon later in life.
Annual per person health spending rose in the past five decades from $2,151 in 1970 to $14,570 in 2023, when adjusted for inflation, according to health research nonprofit KFF.
Renowned money manager David Swensen warned against complicated investing approaches for retirement, pushing instead for low fees, diversification and broad-based index funds.