Collector - August 2020 - 12

FYI

HEALTHCARE

DEBT

8in10

11,718%

Seniors have some form of debt,
such as a mortgage, credit card
balance or auto loan. Twelve percent
say the pandemic will require them to
take on more debt.

The increase in the number of Medicare
members who received telehealth
services in the week ending April 18,
compared to the week ending March
7. Prior to the pandemic, telehealth use
in Medicare was restricted to specific
locations and circumstances, like for
beneficiaries in rural areas.

Source: SeniorLiving.org

SAVINGS

(30%)

Nearly one-third
of
people said they used their stimulus
checks from the federal government
to pay bills.

Source: HealthcareDive

EDUCATION

Parents/Guardians
I Don't Have Anyone to Turn to
Financial Professionals
Friends/Coworkers
Siblings/Extended Family

IN NEED OF FINANCIAL ADVICE?
A recent survey from the National Financial Educators Council asked
1,038 American adults: "When you have a financial question, who do
you turn to for trusted financial guidance?"

Respondents
ages 35-54

Respondents
ages 18-34

8%

10.5%

9.9%
37.4%

Source: YouGov

Respondents at
or over 55 years old

11.4%

17.4%

14.9%

14.1%

9%

24.3%

22.2%

22.4%

22.4%

35%

41.4%

Source: WalletHub

12

ACAINTERNATIONAL.ORG


http://www.SeniorLiving.org http://www.ACAINTERNATIONAL.ORG

Collector - August 2020

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