The financial cost of care for retirees has gotten higher than ever, with new research from Fidelity Investments indicating Americans are ill-prepared to cope with the financial toll of medication, medical care, and health insurance in retirement. According to Fidelity's 24th annual Retiree Health Care Cost Estimate, a 65-year-old retiring this year will need an average of $172,500 to cover healthcare and medical expenses throughout retirement. The figure marks a more than 4% increase from last year's estimate and continues a steady rise since the company's first projection of $80,000 in 2002.
In a social media landscape shaped by hashtags, algorithms, and viral posts, nurse leaders must decide: Will they let the narrative spiral, or can they adapt and join the conversation?
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