Edgar Norton, professor at the College of Business at Illinois State University, notes that even smart savers can easily trip over health care costs. “The average 65-year-old couple will spend about $250,000 over their joint life expectancies on insurance premiums, deductibles, co-pays and other out-of-pocket expenses,” he says, adding that most people don’t expect such a burden. Fox Business/Bankrate (4/22)
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