On average, Seniors spend about the same as other individuals on electronics, food, cars and other everyday expenses. According to the Bureau of Labor Statistics, the senior household spends about $2416 on health care (compared to $1758 by the average household). Seniors spend $467 on drugs, whereas the average consumer spends $266.
The cost of even general health needs not covered by insurance , such as heat wraps for aches and pains, get to be quite costly for those over the age of 50. It's a natural part of aging, and yet, like so many issues concerning the older generation, it goes ignored by insurance companies.
People over the age of 50 comprise 37% of the adult population. It is estimated that by 2015, 45% of the adult population will be over 50. Standards that applied with our parent's generation no longer apply. Business and government are going to have to wake up and smell the Ben Gay.
The cost of even general health needs not covered by insurance , such as heat wraps for aches and pains, get to be quite costly for those over the age of 50. It's a natural part of aging, and yet, like so many issues concerning the older generation, it goes ignored by insurance companies.
People over the age of 50 comprise 37% of the adult population. It is estimated that by 2015, 45% of the adult population will be over 50. Standards that applied with our parent's generation no longer apply. Business and government are going to have to wake up and smell the Ben Gay.
I will be almost 50 by 2015. I am heading that way. Thanks for the post.
ReplyDeleteMary/Sweeping Me