Many major expenses only shrink once you retire, but health care is hardly one of them. U.S. households led by someone who is 65 or older spend an average of $7,030 a year on health care, according to the federal Bureau of Labor Statistics’ latest data on consumer spending, which is for 2021. That translates to about 13% of the total spent each year by senior households ($52,141) and makes health...
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