Why more seniors are going broke in the last 5 years of life

Why more seniors are going broke in the last 5 years of life 
SavingAdvice.com; by Riley Jones; 7/27/25 
... According to recent data, more seniors than ever are entering the last five years of life with little to no savings, and some are accumulating serious debt. Despite years of work, careful budgeting, and modest living, the final chapter of life is becoming one of the most financially devastating. ...

• Medical Costs Skyrocket in the Final Years ...
• Long-Term Care: The Financial Sinkhole No One Plans For ...
• Inflation Is Eating Away at Fixed Incomes ...
• Downsizing Doesn’t Always Save Money ...
• Family Support Is Dwindling ...
• Financial Scams and Exploitation Target the Elderly ...
• Poor Legacy Planning and Asset Mismanagement ...
• Emotional Spending in the Face of Decline ...
• Medicare and Social Services Are Falling Behind ...
• What Can Be Done to Prevent This? ...
• The Final Years Shouldn’t Be Financially Devastating ...

Editor's Note: Share this with your social workers. Healthcare conflicts among families often stem from underlying financial stress. When that stress is combined with inadequate financial literacy about hospice services, it creates a vulnerable environment—especially for older adults. These can lead to:

• scams involving hospice admissions;
• unexpected live discharges that cause emotional and logistical turmoil;
• fraud and abuse that harms patients, families, and the integrity of our hospice and palliative field.