Tag: Medicare
The program is vulnerable to expensive new drugs. It’s always worth taking a look at the finances of Medicare, given its contribution to the health and well-being of older Americans and its dependence on the payroll tax – the key source of revenue for Social Security. The topic is much more exciting – and frightening…
Paying off the mortgage frees up a lot of money for other things. The homeowners in one study splurged on big-ticket items. Older homeowners, however, are adding another priority: medications. After a mortgage payoff, workers and retirees ages 50 to 64 spent 50 percent more on prescription drugs in a comparison with households who had…
