Calculate approximately how much money an older (age 65-74) household with an annual income of $52,000 spends on health care each year. Use Exhibit 14-3.
Pretax Annual Income$ 52,366100$ 35,467100Annual Expenditures$ 48,855100$ 36,673100Housing$ 15,83832.4$ 13,37536.5Food$ 6,28412.0$ 4,34911.9Clothing$ 1,4172.9$ 6831.9Transportation$ 8,33817.1$ 5,09113.9Health Care$ 5,45612.2$ 5,70815.6Entertainment$ 2,9886.1$ 1,6264.4Pensions and Social Security$ 2,7885.7$ 8002.2Other*$ 6,07411.6$ 5,04113.7