Tag: baby boomers
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Resilience – financial, emotional, and in the form of family and community support – was sorely tested when COVID-19 turned lives upside down. In a study of workers and retirees 50 and older, the people who lived alone or with extended family struggled the most in the first year of COVID to make the financia…
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This is a fact of retirement life: older Americans haven’t paid as much into Medicare and Medicaid as government spends on their healthcare and nursing home stays. But it is middle-class retirees who get the most out of the system, according to a new study. Middle-income households receive about $230,000 to $260,000 more in Medicare and…