Biggest expense for Americans over 50? Not health care
Out-of-pocket costs on drugs and medical insurance are the second-most-costly item for older folks.
What’s the biggest expense facing people over 50? Counterintuitively, it’s not health care. Instead, it’s what they shell out for home mortgages and property taxes.
While spending drops for most individuals once they’re in retirement, the lion’s share of spending goes toward home-related
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