health care

Health Care And Housing: The Biggest Retirement Expenses

Health care is commonly referred to as the greatest expense Americans face in retirement, but according to a Feb. 15 Investment News article by Darla Mercado, health care comes in second. The biggest expense for Americans over 50 is housing costs.
Data from the Employee Benefit Research Institute (EBRI) showed that housing-related costs accounted for nearly half of Americans' total expenses in 2009. Americans age 50 to 64 spent 47 percent of their total expenses - a median of $18,828 - on mortgages or rent, insurance, property taxes and repairs.

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