The growing cost of health care

Discover how much people 65 and over are paying for their health care.

As these two charts show, health care costs account for almost one third of the money spent by people between the ages of 65 and 74. After age 75, health care expenses account for more than half of all spending.

Ages 65-75

Spending category Percentage of total spending
Heath care 31%
Housing 21%
Taxes and savings 10%
Food 9%
All other 29%

 

Ages 75 and older

Spending category Percentage of total spending
Heath care 53%
Housing 21%
Taxes and savings 5%
Food 8%
All other 13%

Source: National Center for Policy Analysis, “the Rising burden of Health Spending on Seniors,” February 2007.

Click the Next button to learn about three plans for your future.