Anticipated rise in health care costs lowers boomers’ retirement confidence

While more than a third of baby boomers said they expect Social Security to be a major source of income in retirement, their primary concern about being able to retire comfortably is a 10% or higher rise in health care costs. About half of the respondents cited this—followed by substantial cuts in Social Security benefits and a U.S. recession—as possible retirement barriers in a recent survey by MFS Investment Management

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