"Retirees' Top Financial Concern: Healthcare Costs Trump All Others"

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.