Washington (ChatterShmatter) – According to a new study, retired Americans may no longer be able to afford their own health care unless things change quickly.
A new study was carried out by Fidelity Investments, focusing on Americans who are set to retire.
The idea would be to see what the cost of health care would be for a married couple for the rest of their lives if they retired.
The couple type looked at was on Medicare, at age 65, and expected to live for another 17-years for the man, and 20-years for the woman.
What researchers found was that on average, the cost of health care would be $240,000 on average.
This marks a $15,000 increase from where it was just one year ago.
With increases such as this, it is not out of the realm of possibility that many retired Americans may no longer be able to afford health care.