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Calculate approximately how much money an older (age 65-74) household with an annual income of $45.000 spends on health care each year. Use Exhibit 14-3.

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Calculate approximately how much money an older (age 65-74) household with an annual income of $45.000 spends on health care each year. Use Exhibit 14-3. Money spent on health care AGE 75 & OLDER AGE 65-74 Average $ Amount Percent $52,366 100 Pretax Annual Income Annual Expenditures 100 Average $ Amount Percent $35,467 100 $36,673 100 $13,375 36.5 $ 4,349 11.9 $ 683 Housing Food 32.4 12.0 2.9 1.9 Clothing Transportation Health Care $48,855 $15,838 $ 6,284 $ 1,417 $ 8,338 $5,456 $ 2,988 $ 2,788 $ 5,091 13.9 12.2 $ 5,708 15.6 Entertainment $ 1,626 4.4 Pensions and Social Security 5.7 $ 800 2.2 Other $ 6,074 11.6 $ 5,041 13.7 d e and services reading education, life and

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