Stress

Retirement Planning Stress: Aging Homeowners Facing Housing Market Challenges

New York, NY – Retirement planning can be a major source of anxiety for many individuals, with more than half of Americans expressing concerns about their financial security after leaving the workforce. A significant portion of adults over the age of 50 even anticipate never being able to retire. The challenges surrounding retirement are compounded by difficulties related to assets like homeownership, which are intended to provide support later in life. In a compelling piece …

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Increase: Social Security 2025 COLA Projection Shows 3% Uptick Amid Rising Inflation Stress

Albany, New York – Seniors receiving Social Security benefits may see a significant increase in their Cost of Living Adjustment (COLA) for the year 2025. A recent forecast suggests a potential 3% uptick in monthly payments, providing needed relief in the face of rising inflation. The COLA adjustments for Social Security benefits are determined annually based on the consumer price index for urban wage earners and clerical workers. The latest prediction for 2025 reflects a …

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The Financial Toxicity of Cancer Patients in the U.S.: High Costs and Rising Stress Suffered by 44-Year-Old Mother of Three

Atlanta, Georgia – April Donaldson, a 44-year-old mother of three and cancer patient, is among the millions of Americans facing the overwhelming financial burden of battling the disease. In the U.S., patients not only cope with the physical hardships of treatments and complications, but also grapple with the considerable costs of care that their insurance may not fully cover. According to a 2022 article in JAMA Oncology, the term “financial toxicity” is used to describe …

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Health Care Costs in Retirement: 3 Steps to Ease Financial Stress in Later Years

Boston, MA – Concerns about health care costs in retirement continue to weigh heavily on the minds of older Americans. A recent survey conducted by Nationwide revealed that a significant majority of seniors are worried about various expenses related to their health care needs. The fear of unexpected medical conditions, long-term care, and potential cuts to services like Medicare and Medicaid are among the top concerns expressed by respondents. Recent research from RetireGuide further amplified …

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