The Future of Expenses in Retirement
Social Security benefits may not be able to keep up with the costs of health care over the next two decades. Today’s Americans are already undersaving for their retirement and Social Security is even now struggling to keep some afloat in their later years. This trend is slated to continue as Social Security benefits stagnate and medical costs soar. Health care could see an inflation rate of 5.1% each year while Social Security does not even keep up with the normal inflation rate. For more information visit this article by Mary Beth Franklin with Investment News.