My parents are last of the silent generation (born in 1943 and 1944). They're spending their money on health care and insurance costs.
My mom has to pay for a medicine that is not approved by insurance = $24,000 a year; her insurance due to a series of fender benders in the last few years will go to $2,000 a month on a 2013 KIA! in May. Home health care is outrageous, good luck getting anyone to come and help in metro Atlanta for less than $50 to $80 an hour.
There will be NO boomer funds for the younger gen to gorge on in about 10 years . . .
My parents are last of the silent generation (born in 1943 and 1944). They're spending their money on health care and insurance costs.
My mom has to pay for a medicine that is not approved by insurance = $24,000 a year; her insurance due to a series of fender benders in the last few years will go to $2,000 a month on a 2013 KIA! in May. Home health care is outrageous, good luck getting anyone to come and help in metro Atlanta for less than $50 to $80 an hour.
There will be NO boomer funds for the younger gen to gorge on in about 10 years . . .