Approximately 48% of American adults planning for retirement have factored rising health care costs into their plans, according to a recent survey.

About 78% of those who participated reported that they had concerns about how health care costs would affect them in retirement. About 16% reported they felt “very knowledgeable” about expected health care costs in retirement.

More than one-third (37%) noted that if their health care costs were higher than expected, they would need to cut back on routine spending. Another 34% indicated they would reduce spending on travel or leisure.

The survey asked about the respondents’ strategies . . .

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New Survey Finds Most Americans Planning For Retirement Expect Health Care Costs To Disrupt Financial Security

Approximately 48% of American adults planning for retirement have factored rising health care costs into their plans, according to a recent survey.

About 78% of those who participated reported that they had concerns about how health care costs would affect them in retirement. About 16% reported they felt “very knowledgeable” about expected health care costs in retirement.

More than one-third (37%) noted that if their health care costs were higher than expected, they would need to cut back on routine spending. Another 34% indicated they would reduce spending on travel or leisure.

The survey asked about the respondents’ strategies . . .

Want To Read More? Log In Or Become A Paid Member
Resource Available For Paid OPEN MINDS Circle Members Only
Not a paid member? Don't miss out! Sign up today and receive unlimited organizational access to all OPEN MINDS strategic advice, market intelligence, and management best practices – over 250,000 resources!
If you are already a paid member, log in to your account to access this resource and more. If you are a free member, you will need to upgrade to a paid membership before accessing this resource.

If you are not yet a paid member, learn more about the OPEN MINDS Circle Market Intelligence Service Membership on our website, reach out to our team at info@openminds.com, or call us at 877-350-6463.

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