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Health is key to maintaining wealth for seniors

seniors include in-home nursing care and mobility assistance.

"Older consumers have to make difficult choices, like should they buy medicine or groceries? I've heard many sad stories," Lee said.

To Lee, the findings call for more support for public health care.

"Legislators need to see that even decently affluent people can fall under the poverty level," she said. "Almost one third of elders in the study lost more than 70 percent of their accumulated wealth in just two years."

Lee and Kim are now conducting a follow-up study to gauge long-term effects of health care costs and see how different diseases affect wealth.


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Contact: Jinkook Lee
Lee.42@osu.edu
614-247-7892
Ohio State University
21-May-2003


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