Saving in This Account Could Help You Avoid Medical Debt in Retirement
Debt is bad news at any stage of life. But in retirement, it can be particularly problematic.
Many retirees end up on a fixed income that's largely limited to Social Security. And in that financial scenario, the last thing you'd want is a series of nagging debt payments hanging over your head.
But recent data from NiceRx reveals that seniors aged 65 to 69 have an average of $12,030 in medical debt, while those aged 70 to 74 have an average of $13,080. Worse yet, seniors 75 and over have an average medical debt load of $17,510.
Source Fool.com
