Retirees are sacrificing food and clothes to afford healthcare

By Sri Taylor
Published Updated 2 Min Read

Older Americans are sacrificing basic necessities to afford costly health services, according to a survey that shows how many elderly people cut personal expenses to take care of medical needs.

Out-of-pocket health costs for elders in the U.S. rose 41% from 2009 to 2019, according to findings from analytics firm Gallup and West Health, a nonprofit that focuses on senior care. About 9% of Americans 65 and older spent less on food, 6% cut spending on utilities and 19% trimmed clothing expenditures to help cover health costs, according to the survey.

Sri Taylor
From Bloomberg News

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