Listening to the political rhetoric these last few years, one could conclude that American families are going broke paying for health care. While that may be true for some households, it is not the norm. In fact, the average American spend 5.9% of income on health care expenses. If that still sounds high to you, consider that it is less than is spent on eating in restaurants.
Ironically, if we spent less on eating out, we might also spend less on health care.
As this chart shows the amount spent on health care rises with age, but the older you get the greater your level of protection against these expenses
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