health insurance
Living to 100 comes with $3.5 million price tagPosted by RJ and Makay on Feb 27, 2012 |
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Americans who live to be 100 years old will spend $3.5 million in their lifetimes, according to Bureau of Labor Statistics (BLS) data. More than $1.5 million will be spent by age 50, another $1.4 million by age 81, and $630,000 more for those fortunate enough to be centenarians. Even though many older people plan to cut back on expenses in retirement, the high cost of retirement often comes as a shock to retirees, the BLS said.
A new Nationwide Financial small business survey has found that 78% of African-American small business owners say the number of workers financially unprepared for retirement is at “crisis levels.” The Harris Poll of 501 small business owners, which included 200 African-American small business owners, found that African-American business owners are more than twice as likely as other owners to enhance benefits for their employees, including retirement benefits.
Approximately 9.3 million American adults lost health insurance coverage due to increased unemployment during the recession of 2007-2009, according to a new study by researchers at Cornell, Indiana and Carnegie Mellon universities. The study, “The Impact of the Macroeconomy on Health Insurance Coverage: Evidence From the Great Recession,” relies on data from the Census Bureau.
