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How retirement looks different for Gen Z than it does for boomers

The New Way We Work

CHAPTER

The Cost of Long-Term Care

Fidelity does a study every year where they calculate how much a 65-year-old retiring couple would need to pay for health care. The most recent numbers are for 2022, and it's about $300,000. A big part of that expense is going to be things like long-term care because Medicare does not cover nursing home care.

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