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Rising health care costs mean less savings, less care and less leisure spending for the majority of Americans. Benefits and the Great Resignation, a new report from Lively, offers insights into the impact of health care costs on other areas of consumers' financial lives. Here are a few from the comprehensive report:
Rising health care costs are preventing people from achieving financial goals and saving for the future. Although everyone is experiencing the pain of higher prices, younger generations and lower-income Americans are especially affected. Gen Z and millennials are more likely than their older counterparts to ignore doctors' recommendations, avoid going to the doctor or delay or skip medication because of cost.
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