Thinking of Retiring? Think Again.
Americans are freaking out about finances. There’s a good reason: healthcare costs are rising, and it’s making it hard to save. Time Magazine claims that “seven in 10 workers report their medical costs have gone up the past two years, and the vast majority says the additional expenses are significant enough to force them to save less for retirement."
Healthcare Costs Are Crippling North Carolina's Economy
Is healthcare killing your budget? For too many North Carolinians, the answer is yes. According to some estimates, North Carolina’s average healthcare premiums have increased almost 30% since 2015. That’s a scary prospect, especially given some estimates place the average North Carolina family’s premiums at almost $5,000 per year in 2015 — almost 10% of our state’s median household income that year. And don’t even get us started on the rising costs of deductibles and copayments.