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.
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.
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.
Nearly half of Gen Z workers aged 24 to 28 are on track to be financially ready for retirement, compared to 40% of baby boomers between ages 61 and 65.
With the dream of home ownership out of reach for many Americans, President Donald Trump has floated the idea of a longer mortgage than the usual 30-year fixed-rate one.
Almost like clockwork, the lives of government employees and the investments of millions of Americans are held hostage as Congress fights over an unnecessary rule, our columnist says.
